TOLL and the Transport Workers Union (TWU) have reached an in-principle agreement after months of negotiations and agreed workplace consultations.
A statement from the Union said meetings would be held at yards around the country seeking endorsement of the proposal.
TWU national secretary Tony Sheldon said a breakthrough had come after months of tough negotiations.
“Toll employees will now consider this agreement in meetings over the coming weeks,” he said.
Mr Sheldon said Toll employees wanted an efficient, well-run company that was successful and could provide quality jobs.
“This agreement will set the ground work for this by ensuring an efficient and well-trained staff,” he said.
“Our member-led negotiating team pressed the case strenuously for an agreement that would provide protections and benefits for the company and staff into the future.”
According to the Union, the in-principle agreement preserves existing protections on working hours, penalty rates and dispute resolution clauses.
Also the agreement is to increase superannuation payments to 14.75% over three years and increase annual pay by 7% to 2019.
Toll and the Union held talks last week, after the company made an application to the Fair Work Commission for orders preventing employees or the TWU from taking unprotected industrial action.