UPS Profits Top $4.2 Billion

February 1, 2012: UPS executives report the company hauled in more than $4.2 billion in profits after taxes in 2011. Management predicts higher volume and higher profits in 2012.

UPS’s profits for the Fourth Quarter were $1.25 billion—not including a $527 million surcharge because of an accounting change in the way UPS tracks its pension expenses.

Including the accounting change, UPS made $725 million in the fourth quarter and $3.8 billion for the year.

UPS predicts that profits will grow 9 to 15 percent this year. That could bring profits this year close to $5 billion.

Teamsters are driving the growth in profits. CEO Scott Davis told a conference call with analysts that “The U.S. is one of the few economies where expectations are greater than last year,” Davis said.

Get Advice Join TDU Donate

Recent News

Nashville Teamsters Take Action for Safety, Win Improvements

Fed up with unsanitary and unsafe working conditions, UPS Teamsters in Nashville Local 480 took action. In less than a week, the company changed its practices and began improving conditions.

TeamCare Extends Health Benefits for Laid-Off Members

In a win for working Teamsters, laid-off members who are covered by our union’s largest Health & Welfare Fund will receive up to eight weeks of continued healthcare coverage at no cost to members.

View More News Posts