Quarterly Profits Nearly Double

August 11, 2010: Profits are skyrocketing at UPS while working conditions continue to bottom out.

UPS executives announced that Brown hauled in more than $854 million in the second quarter. Brown’s profits increased by 90 percent compared to the second quarter last year. That’s $400 million more in profits.

In all, UPS made nearly $1.4 billion in profits after taxes in the first six months of this year alone. Package volume continues to increase. UPS Freight revenue is up by 10 percent.

Chief Financial Officer Kurt Kuehn told analysts that he expects profits to increase even more over the rest of the year despite the slow economic recovery.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

1,500 Kroger Teamsters Exit the Central States Fund

Teamster employed at three Kroger warehouses and two dairies have been removed from the Central States Fund, in an arrangement similar the removal of 44,000 UPS Teamsters in 2007.  

The Push is On for Butch Lewis Act

Today, at a press conference held in Washington D.C., Mike Walden, president of the National United Committee to Protect Pensions (NUCPP), reminded the assembled press and Congressional staffers, Senators and House Representatives, delegations of Teamsters and Mineworker retirees, of Butch Lewis’s remark, “A promise is a promise is a promise.” It’s that promise that this movement has grown to defend. And it’s happening loud and strong as we reach for the new law that will protect that promised retirement security.

View More News Posts