UPS Still Profitable in Tough Economy

September 11, 2009: UPS announced after-tax profits of $445 million for the second quarter of 2009, up from $401 million in the first quarter.

In the worst economy in our lifetimes, UPS has turned $846 million in after-tax profits in the first six months of the year.

By comparison, FedEx lost $779 million from Dec. 1, 2008 to May 31, 2009—the most recent six months for which the company’s earnings info is available.

UPS’s volume and profits are both down from last year. UPS made $873 million in the second quarter of 2008.


Be the first to comment

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

Recent News

Western Pennsylvania Supplement Out for Second Vote

Fifty seven percent of Western PA UPSers Voted No on the first proposed agreement, with 52% turnout. Now members are preparing to vote for the second time.

Third Quarter Financials: Central States Pension Bleeding - Congress Must Act to Protect Pensions!

The 2018 third quarter Financial and Analytical Report on the Central States Pension Fund shows that the Fund continues to bleed money, underscoring the importance of Congressional action this year to protect the pensions of millions of working families.

View More News Posts