UPS's 2,700 pilots are being briefed by Independent Pilots Assn. leaders on a tentative labor agreement reached late last month that will be put to a vote in September. The five-year deal reportedly provides increased pay and improved work rules, including a 20% raise in a captain's average salary to $300,000 annually. Negotiations lasted three years. The proposed deal puts pressure on FedEx, which has been negotiating with its pilots on a new labor contract since 2004. "There is no way we ...

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