FedEx Express and its pilots union have reached a tentative agreement for a new contract after two years of negotiations, multiple picketing demonstrations and a strike authorization vote only two weeks ago.
"We are pleased to have reached a tentative agreement with our pilots as we continue delivering outstanding service to our customers around the world," FedEx said in a statement Tuesday.
The company did not provide further details on the agreement.
FedEx Express pilots, represented by the Air Line Pilots Association, International, last signed a contract in 2015.
Negotiations for a new deal began in May 2021 before the contract became amenable that November. The parties entered talks guided by a jointly requested federal mediator last year to help expedite the negotiation process as they struggled to resolve pay and retirement issues.
The union's negotiating committee is preparing to present the tentative agreement to leadership, Capt. Chris Norman, chair of the FedEx ALPA Master Executive Council, said in an update Tuesday to union members.
If the Master Executive Council endorses the deal and calls for a ratification vote, the agreement's full text and other relevant information will be posted on the Master Executive Council's website, according to the update.
“This tentative agreement represents the culmination of a tremendous effort, and would not have been possible without the solidarity, patience, and determination of every FedEx pilot," Norman said in a statement.