UPDATE 2-Teamsters, UPS agree new 5-year contract

Newswire

(Recasts, adds UPS comment, UPS Freight contract, background on GM contract) By Peter Bohan and Nick Carey CHICAGO, Sept 30 (Reuters) - The Teamsters union and United Parcel Service Inc on Sunday said they reached a tentative five-year agreement that will raise parcel workers' wages and increase the company's contributions to funds providing pensions and benefits. The deal -- the largest labor pact in the U.S. private sector -- comes 11 months before the current contract is due to ...

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