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UPS avoids pilot strike
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January 19, 1998: 6:07 p.m. ET
Delivery giant, union leaders reach tentative labor accord
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NEW YORK (CNNfn) - Chances look good that package delivery company United Parcel Service of America Inc. will not see a repeat of the 15-day strike that crippled its operations last fall.
The company said Monday it had reached a tentative deal with its 2,100 pilots that fly the company's 214 jets following the latest round of negotiations that began over the weekend.
Neither side would release any details of the tentative pact, which should go before pilots for a vote over the next few weeks.
In November, UPS reported its first quarterly loss in five years, reflecting a bitter 15-day strike that crippled its operations.
The Teamsters strike, the first nationwide job action in the company's 90-year history, contributed to a third-quarter loss of $10 million vs. a profit of $340 million in the same quarter last year
In late December, UPS said it was raising ground rates on most package deliveries in the U.S. and Puerto Rico by 3.6 percent. Air rates went up 3.3 percent. 
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UPS
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