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FedEx Corp (NYSE:FDX) inches down in pre session on Wednesday as the package delivery business said in a statement on Tuesday that it had struck a tentative agreement with pilots of its air delivery arm who had voted in support of a strike earlier this month requesting greater pay.

When the Air Line Pilots Association (ALPA) was in the closing stages of contract negotiations with the firm, it voted “overwhelmingly” in support of a strike if necessary.

FedEx did not disclose any further information on the deal. ALPA did not immediately reply to a request for comment from Reuters.

The move comes at a time when aviators have more bargaining power due to increasing demand and a limited labor market in the industry, which motivates them to strive for improved contracts with airlines and parcel companies.

The deal averts a strike after 99% of the approximately 6,000 FedEx Express pilots represented by ALPA voted in favor of one, requesting that the business meet recently enhanced industry standards for pilot pay.

FedEx Corp. (NYSE: FDX) is leveraging scan data from its unrivalled global logistics network to improve consumer access to emissions information with the introduction of FedEx® Sustainability Insights in the United States.

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“We’ve heard from our shippers that they need more data on their shipping footprint as consumers increasingly weigh sustainability as a factor in purchasing decisions,” said Brie Carere, Executive Vice President and Chief Customer Officer. “Through innovations like FedEx® Sustainability Insights, FedEx is empowering customers to access the information they need as part of our mutual pursuit of a more sustainable future.”

These new services complement FedEx Corp.’s efforts to cut emissions in its global operations in order to achieve global carbon neutrality by 2040. FedEx® Sustainability Insights will help the firm enhance its operations by delivering data-backed predictive insights and modeling to identify more potential for network efficiency.

FedEx is concentrating on areas such as electrification of FedEx pickup and delivery vehicles internationally, more efficient facilities, fuels, and fleets, and investments in natural carbon capture to move toward its 2040 carbon neutral operations objective.

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