This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

UPS, Pilots Cut Contract Deal

After more than three years of negotiations, UPS (UPS - Get Report) and its pilots union have struck a tentative agreement on a new contract.

The Independent Pilots Association, which represents roughly 2,500 pilots at the Atlanta-based shipping company, said the agreement would run through 2011. It must be ratified by union rank and file.

Neither side would release details, but the Associated Press, citing a person who had seen the the contract, reported that the deal included an hourly pay raise of 17.7% pay raise for top captains and higher health care premiums for all pilots.

The pilots' contract became amendable at the end of 2003, and federally mediated talks between both sides began in June 2004. Last December, the union said it would ask to be released from mediation so that the pilots could strike, but mediators never released the two sides from negotiations.

UPS shares finished Friday at $82.33.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
UPS $104.38 -0.51%
AAPL $93.66 -1.20%
FB $117.09 0.31%
GOOG $692.91 0.27%
TSLA $246.27 -0.58%


Chart of I:DJI
DOW 17,711.66 -119.10 -0.67%
S&P 500 2,070.15 -5.66 -0.27%
NASDAQ 4,794.9830 -10.3080 -0.21%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs