UPS reveals financial details of Teamsters contract

Investors are learning the details of the new deal reached between United Parcel Service (UPS) and Teamsters-represented workers. The contract will last five years and "total cost growth" will be 3.3%. UPS CFO Brian Newman sits down with Yahoo Finance’s Julie Hyman and Brad Smith to discuss the details of the agreement between UPS and it's workers. Some of these new benefits include an increase in wages, improved working conditions, and the use of tech to increase productivity.