FedEx Pilots Approve Four-Year Contract
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In September, the governing body of the FedEx unit of the Air Line Pilots Association sent the tentative contract to the parcel carrier’s pilots with a unanimous recommendation to ratify it. (Click here for previous coverage.)
edEx Corp. pilots approved on Tuesday a new four-year contract, Bloomberg reported.
The new contract provide pilots with an initial 9% pay raise and subsequent 3% increases at the end of the year for the next three years, Bloomberg said.
The contract also includes a bonus of up to $30,000, half of which is paid at signing and half of which will be paid June 1, 2007, Bloomberg reported.
FedEx is ranked No. 2 on the Transport Topics 100 list of the largest for-hire carriers in the United States and Canada.
