UP workers ratified a massive five-year labor deal that includes big wage increases and other improvements to work rules and schedules, the International Brotherhood of Teamsters said Tuesday.

The deal passed with 86.3% of votes, the highest contract vote in the history of Teamsters at UPS, according to the union.

“Teamsters have set a new standard and raised the bar for pay, benefits, and working conditions in the package delivery industry. This is the template for how workers should be paid and protected nationwide, and nonunion companies like Amazon better pay attention,” Teamsters General President Sean O’Brien said in a statement.

UPS and the Teamsters union, which represents about 340,000 workers at the delivery giant, reached a preliminary deal last month, narrowly averting a strike that could have rippled throughout the U.S. economy as the previous contract expiration on July 31 approached.... Read More: CNBC