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”


Showing 11 reactions

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  • Bruce Swearingen
    commented 2019-05-11 22:10:15 -0400
    What was the last REAL principle officers holdout & strike campaign slogan ?
    " Part time America won’t Work"..
    Prescient..Ya Think
  • Paul Dillon
    commented 2019-04-29 00:27:41 -0400
    I worked at ups part time on their dock when I was in high school like 1968? It was one of the best paying part time jobs you could get! They did push even back then though, I had the flu and was too sick to even go to school, they copped an attitude about me calling in sick, so I quit.
  • Steve Wise
    commented 2019-04-28 15:39:26 -0400
    Jim part timers prior to the 1982 contract made scale, I know I was one of them.
  • Chad Glodrey
    commented 2019-04-28 04:37:55 -0400
    Ronnie Vernon we won’t get our back pay until Detroit settles theres today which more than likely will pass and be shoved down their throat! Then they have 45 days to get our shit ass tiny little raise to Us! We should be getting no less than $1-$1.50 every year of our contract if our Union had any balls! Everyone across the country needs to drop out of the Union and wake those fucks up! Hoffa better watch his back!!
  • Ronnie Vernon
    commented 2019-04-27 13:04:30 -0400
    Does anyone know when are we receiving our back pay ?
  • Robin Sprouse
    commented 2019-04-26 23:46:39 -0400
    Jim does the way it’s always been mean that’s the way it should be? And why can’t we get a bigger raise when the company is making more money? I’ve been working at UPS for almost 11 years and I still don’t make $20/hour and they continue to cut our hours. Chad is correct. I’m sick of paying union dues for concessions.
  • Chad Glodrey
    commented 2019-04-26 20:26:47 -0400
    Yet our Union continues to bend us over and fuck us with concessions!! We should be getting $6-$10Hr raises every contract with huge pension increased and our Cadillac benefits back!
  • Jim Cochran
    commented 2019-04-26 19:18:59 -0400
    Robin. Not sure if you have ever been through a contract. Nobody will get retro pay until all supplements are done and obviously they are not done. That’s the way it is and always has been. Part of being a Union member. As for the living wage of a part timer. Show me a job where you can work part time and fund a household.
  • Robin Sprouse
    commented 2019-04-25 17:29:27 -0400
    And we’re still waiting on our raises, which is only like a 3-5% increase from last year.

    UPS predicts that profits for the year will exceed $6.5 billion—and Wall Street analysts agree.”
    And we still can’t get a living wage for PART TIMERS.
  • Robin Sprouse
    commented 2019-04-25 17:29:27 -0400
    And we’re still waiting on our raises, which is only like a 3-5% increase from last year.

    UPS predicts that profits for the year will exceed $6.5 billion—and Wall Street analysts agree.”
    And we still can’t get a living wage for PART TIMERS.
  • Teamsters for a Democratic Union
    published this page in News 2019-04-25 16:16:05 -0400
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