UPS avoids strike with freight workers

UPS has avoided a strike with its freight workers ahead of the busy holiday shipping season.

RELATED: Companies competing for shrinking pool of seasonal workers

The Teamsters union approved a new five-year deal with the company over the weekend.

The new contract covers 11,600 workers.

UPS, which has not seen a work stoppage in over 20 years, thanked their customers in a statement.

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