UPS/IPA REACH GRIEVANCE SETTLEMENT ON MENLO DISPUTE

Today Association representatives are announcing the settlement of the
grievance filed in the Menlo case. Each crewmember on the property with
as little as one hour of active service between December 19, 2005 and
July 13, 2006 will receive a one time bonus payment of $3,300. This
payment will be made no later than July 27, 2006. This sum amounts to
just over $9 million dollars paid to IPA crewmembers from UPS.