# No UPS strike (tentative settlement) **URL:** \ **Category:** Miscellaneous and Personal Stuff I Must Share\ **Created:** [July 25, 2023, 10:45pm UTC](https://boards.straightdope.com/t/no-ups-strike-tentative-settlement/987588 "2023-07-25T22:45:21Z")\ **Posts on this page:** 7\ **Page:** 1
**Author:** ![Roderick\_Femm](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/roderick_femm/32/14875_2.png) [@Roderick\_Femm](https://boards.straightdope.com/u/Roderick_Femm)\ **Post date:** [July 25, 2023, 10:45pm UTC](https://boards.straightdope.com/t/no-ups-strike-tentative-settlement/987588/1 "2023-07-25T22:45:21Z")
Not much to add, there is a tentative settlement agreed for a 5-year deal, which must be ratified by the union members. The agreement covers 340,000 workers. Story [here](https://www.reuters.com/world/us/ups-teamsters-union-reaches-tentative-labor-deal-2023-07-25/). ---
**Author:** ![PastTense](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/pasttense/32/14550_2.png) [@PastTense](https://boards.straightdope.com/u/PastTense)\ **Post date:** [July 27, 2023, 6:19pm UTC](https://boards.straightdope.com/t/no-ups-strike-tentative-settlement/987588/2 "2023-07-27T18:19:20Z")
> **[UPS shippers may face double-digit rate increases in wake of contract](https://www.freightwaves.com/news/ups-shippers-may-face-double-digit-rate-increases-in-wake-of-contract)** > > AFS Logistics CEO Tom Nightingale says that UPS’ efficiencies can’t offset “astronomical” cost increases alone. This could also negatively affect consumers used to “free” online shipping. ---
**Author:** ![Roderick\_Femm](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/roderick_femm/32/14875_2.png) [@Roderick\_Femm](https://boards.straightdope.com/u/Roderick_Femm)\ **Post date:** [July 27, 2023, 8:58pm UTC](https://boards.straightdope.com/t/no-ups-strike-tentative-settlement/987588/3 "2023-07-27T20:58:43Z")
That sounds like corporate speak for “we have to not only pass on these increased costs, but make the best of this golden opportunity to milk our customers due to ‘astronomical’ labor cost increases.” Only the accountants and the executives know the truth. ---
**Author:** ![PastTense](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/pasttense/32/14550_2.png) [@PastTense](https://boards.straightdope.com/u/PastTense)\ **Post date:** [August 9, 2023, 9:55pm UTC](https://boards.straightdope.com/t/no-ups-strike-tentative-settlement/987588/4 "2023-08-09T21:55:29Z")
Surprised how high the pay is: > **[UPS driver pay and benefits deal in US to be worth $170,000 a year, firm says](https://www.bbc.com/news/business-66445496)** > > The shipping giant warns of lower profits after it agreed a deal to avert a US drivers' strike. ---
**Author:** ![Roderick\_Femm](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/roderick_femm/32/14875_2.png) [@Roderick\_Femm](https://boards.straightdope.com/u/Roderick_Femm)\ **Post date:** [August 9, 2023, 9:58pm UTC](https://boards.straightdope.com/t/no-ups-strike-tentative-settlement/987588/5 "2023-08-09T21:58:39Z")
You would have to separate out the benefits to know how high the pay is. Benefits, depending of course on what they are, can add a huge percentage to any compensation package. ---
**Author:** ![PastTense](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/pasttense/32/14550_2.png) [@PastTense](https://boards.straightdope.com/u/PastTense)\ **Post date:** [August 9, 2023, 10:29pm UTC](https://boards.straightdope.com/t/no-ups-strike-tentative-settlement/987588/6 "2023-08-09T22:29:58Z")
“Prior to the new deal, the company said drivers earned about $95,000 in pay annually on average or about $42 an hour, and another $50,000 in benefits.” So about 2/3 pay. ---
**Author:** ![Roderick\_Femm](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/roderick_femm/32/14875_2.png) [@Roderick\_Femm](https://boards.straightdope.com/u/Roderick_Femm)\ **Post date:** [August 9, 2023, 10:50pm UTC](https://boards.straightdope.com/t/no-ups-strike-tentative-settlement/987588/7 "2023-08-09T22:50:55Z")
Makes sense for the prior pay and benefit levels. The new contract is about a 17.25% increase over 5 years, or about 3.5% per year (from the original amount, not year over year). That doesn’t seem excessive to me at all, especially in this inflationary economy (to which this probably contributes a little).