UPS Triples Profits in the Fourth Quarter

February 3, 2010: UPS raked in $757 million in profits in the Fourth Quarter—nearly tripling its profits over the same period last year. Overall, Brown made $2.15 billion in profits in 2009. That’s after taxes.

The company’s revenue is down from the Fourth Quarter last year—$12.4 billion compared to $12.7 billion. But profits are up because of “cost-cutting” according to press reports, including Teamster layoffs.

Brown is squeezing higher profits out of fewer employees.

“UPS has emerged from the worst recession in decades leaner and more focused,” said CEO Scott Davis.

Too bad UPS Teamsters can’t say the same about our union which has grown soft on enforcing our contract and protecting our job security. Production harassment, 22.3 full-time job elimination, 9.5 violations, and other contract violations are up. And so are UPS’s profits.

If you’d like to see stronger contract enforcement, click here to send the UPS Committee of TDU a message.

Press Reports:

UPS Profits Up As It Seeks to Reduce Staff

UPS Triples Net Profit in Fourth Quarter

Get Advice Join TDU Donate

Recent News

Register Now—2020 TDU Convention, Sunday, Nov. 8. Only $25.

The 2020 TDU Convention is moving online and will be held via Zoom video conference on Sunday, Nov. 8 from 12 noon to 2 pm Eastern Time. Click here to register to attend for just $25!

Upcoming TDU Workshops

The TDU Convention is moving online this year. Next up are three workshops in September and October that look ahead to what it will take to rebuild union power after we elect new Teamster leadership, including Meeting the Amazon Threat, Winning the UPS Contract We Deserve, and After We Win. Find out more and register today.

View More News Posts