UPS Reaches Tentative Deal With Teamsters, Lowering Risk of Union Strike

GLENDALE, CA - JULY 22: A United Parcel Service (UPS) driver delivers packages on July 22, 2010 in Glendale, California. UPS said its second quarter profit nearly doubled posting a net profit of $845 million, or 84 cents a share, compared to $445 million or 44 cents a year ago. Photo by Kevork Djansezian/Getty Images

The United Parcel Service (UPS) has made a tentative deal with workers, lowering the risk of a nationwide strike led by the International Brotherhood of Teamsters.

On June 29, the Teamsters Union said a “nationwide strike” was “imminent“ after walking away from the negotiating table, giving UPS a single day to return with its “last, best, and final offer.”