FedEx hopes pilots will endorse a tentative contract, giving it five years of labor peace. [Credit: Jim Allen/FreightWaves]
Key Takeaways:
Leaders of the FedEx pilots' bargaining unit have approved a tentative contract offering a 30% pay raise and significant improvements to pension benefits.
The proposed deal, also including a retroactive recovery payment and other quality-of-life enhancements, will now go to rank-and-file pilots for a three-week ratification vote starting July 5.
Described as an industry-leading agreement, it represents the largest per-capita investment in a pilot contract and is expected to substantially raise the bar for pilot retirement benefits.
Editor’s Note: This article originally appeared on FreightWaves.com.
Leaders of the bargaining unit for FedEx pilots have approved a tentative contract first advanced by negotiators on May 30 that includes a 30 percent pay raise and improved pension benefits, the Air Line Pilots Association (ALPA) said late Monday.
CREATE A FREE ACCOUNT
Sign up to keep reading
Create a free account to continue. Already a member? Sign in below.
Eric is the Air Cargo Market Editor at FreightWaves. An award-winning business journalist with extensive experience covering the logistics sector, Eric spent nearly two years as the Washington, D.C., correspondent for Automotive News, where he focused on regulatory and policy issues surrounding autonomous vehicles, mobility, fuel economy and safety. He has won two regional Gold Medals from the American Society of Business Publication Editors for government coverage and news analysis, and was voted best for feature writing and commentary in the Trade/Newsletter category by the D.C. Chapter of the Society of Professional Journalists. As associate editor at American Shipper Magazine for more than a decade, he wrote about trade, freight transportation and supply chains. Eric is based in Portland, Oregon. He can be reached for comments and tips at ekulisch@freightwaves.com
