Wall Street Journal: UPS, Teamsters Near Pension Deal

September 29, 2007: United Parcel Service Inc. and the Teamsters union are closing in on a labor agreement that would restructure and possibly lower the company's pension obligations.

The two sides are trying this weekend to finish hammering out a deal in which the Atlanta package-delivery giant would pull out of the Central States Pension Fund, the largest multiemployer program in the trucking industry.

Read more in the Wall Street Journal