the international brotherhood of teamsters announced tuesday that they reached a tentative agreement with united parcel service inc ups on a new contract which includes “lucrative” wage increases more jobs and workplace protections and improvements ups’s stock rose 09 ion midday trading after being down as much as 08 earlier included in the contract which would extend through 2028 existing full and parttime union members will get 275 more per hour in 2023 and 750 more per hour over the length of the contract existing parttime workers will be paid a minimum of 21 per hour and the average top rate for fulltime workers will increase to 49 per hour the contract would also include the creation of 7500 new fulltime union jobs and the fulfillment of 22500 open positions “ups has put 30 billion in new money on the table as a direct result of these negotiations” said teamsters general president sean o’brien the stock has rallied 78 over the past three months while the sp 500 spx has gained 122