UPS Announces $1.2 Billion in 1Q Profits

UPS executives announced the company made $1.2 billion in profit after taxes for the first three months of 2019.

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The haul was actually slightly less than the $1.35 billion predicted by Wall Street. UPS said winter storms cost the company $80 million.

UPS Freight profits increased by almost 18 percent from last year to $200 million for the quarter.

UPS predicts that profits for the year will exceed $6.5 billion—and Wall Street analysts agree.

UPS’s Earnings Statement

The Street: “Read UPS Delivers Lower than Expected Profits”

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Recent News

Union Membership Steady for 2019 at 16.4 million

That represents a slight decline in percentage of unionization, according the comprehensive annual report. The union advantage remains strong: "Union members had median usual weekly earnings of $1,095 in 2019, while those who were not union members had median weekly earnings of $892" That's $10,556 per year. Read the report.

'How this African American UPS worker challenged powerful union leaders in Philly, and won.'

by Juliana Feliciano Reyes, January 22, The Philadelphia Inquirer

"Around the country, rank and file union activists — from teachers to journalists to warehouse workers — have challenged the establishment, who they say is too complacent, too cozy with management, to fight for workers and keep corporations in check."

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