UPS Inc. pilots have approved a new contract with the world's largest shipping carrier that includes hefty pay raises, large signing bonuses and higher healthcare premiums. The deal ends a lengthy battle that was mired by threats of a walkout. The contract, together with a tentative agreement between FedEx Corp. and its pilots, furthers a trend in recent years that has seen pay for cargo airline pilots shoot up while the pay of many commercial airline pilots has declined.
See "UPS Pilots Approve Contract", Associated Press, Los Angeles Times, August 31, 2006