The deal is expected to expand United Parcel's (UPS) end-to-end global healthcare logistics capabilities and its expertise in Europe and Latin America.
Investors looking for a safe, reliable income stream should look no further than package handler UPS (NYSE: UPS); aerospace and defense giant Raytheon Technologies (NYSE: RTX); and heating, ventilation, air conditioning, and refrigeration (HVACR) parts distributor Watsco (NYSE: WSO). Instead of chasing delivery volume for volume's sake, UPS's transformational strategy of focusing on developing business with targeted end markets (such as small and medium-sized businesses, healthcare, business-to-business e-commerce, and high-growth international business) is proving highly successful.
The contract, which covers more than 3,000 pilots of the company, is a short-term extension that will provide for improvements in compensation and retirement benefits. The new agreement extends the term of the contract until Sept. 1, 2025, the Independent Pilots Association (IPA) said.