Full-time UPS Drivers Will Reportedly Earn An Average $170,000 A Year

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The CEO of UPS said drivers will earn an average $170,000 a year in pay and benefits  at the end of a five-year contract that the delivery giant struck with the Teamsters Union last month.  The deal helped avert a strike.

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00:00 The CEO of UPS said drivers will earn an average of $170,000 a year in pay and benefits at the end

00:07 of a five-year contract that the delivery giant struck with the Teamsters union last month. The

00:13 deal helped avert a strike. This increase in pay was unveiled during an earnings call on Tuesday.

00:18 The agreement has yet to be officially approved by union members, but the results of a vote on

00:23 the issue are set to be announced later this month. Voting on the proposed contract began

00:27 last week and will continue until August 22nd. Working conditions are also reportedly set to

00:32 improve for drivers, including air conditioning in each delivery car by 2024. Workers will also

00:39 get Martin Luther King Jr. Day as a paid holiday for the first time in company history. UPS saw a

00:45 nearly 10 percent decrease in average daily package volume as customers transferred their

00:50 business preparing for a potential strike.

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