UPS First Quarter Profits Up 7.5 Percent

May 1, 2008: UPS announced its profit rose 7.5 percent in the first quarter, though it was affected by the weakening U.S. economy. After-tax profits rose to $906 million, or 87 cents a share, for the January-March quarter, compared to $843 million, or 78 cents a share, for the same period last year.

Revenue in the quarter rose 6.5 percent to $12.68 billion, compared to $11.91 billion last year. UPS said it benefited from strong gains in its international operations. But UPS said it doesn’t expect the U.S. economy to strengthen in the second quarter.

During the first quarter, UPS delivered total consolidated volume of 968 million packages, unchanged from a year ago. UPS said the slowing U.S. economy reduced average daily volume in the U.S. by 0.3 percent for the quarter. It saw volume declines in next-day air shipments.


Be the first to comment

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

Recent News

Carhaulers to Vote: Jack Cooper’s Chapter 11 Reorganization as a New Company

UPDATED August 6, 2019.     Jack Cooper’s 2200 Teamsters will vote on a contract proposal for a new company, which would take over Cooper’s assets. Wages and health benefits would remain the same: the major change would be a reduction in the new employer’s pension contribution.

Carhaul Members to Vote on Concessions at Jack Cooper Transport

Teamsters employed under the national carhaul contract by Jack Cooper Transport are going to face a hard decision next week, as proposed concessions will be unveiled.

View More News Posts