UPS Profits Jump to $1.3 Billion

UPS profits for the second quarter went up, even though revenue is down. The company is squeezing more profits out of every package and every worker.

UPS posted second-quarter $1.23 billion in profits after taxes. Brown’s profits were 171 percent higher than they were in the second quarter last year.

The profit spike was boosted by a one-time charge on the company’s books for last year related to retiree healthcare. But even adjusting for that, UPS profits were still up by 12 percent from last year—on less revenue.

UPS is squeezing more profits out of every package and every worker thanks to a concessionary contract from Hoffa-Hall that has opened the door to more harassment, heavier loads, more speed-up, and more subcontracting through Surepost and Access Point.

For More Information:

UPS Profits Up, Revenues Down -- Atlanta-Journal Constitution

UPS Pressroom Announcement on 2nd Quarter Profits


Be the first to comment

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

Recent News

UPSers Take Action After the Vote No Telephone Town Hall

More than 5,000 UPS Teamsters participated in a Vote No Telephone Town Hall to discuss the proposed deal, make plans to defeat givebacks and win a better contract.  

UPSers to Vote on Proposed Deal

Officers from every UPS local met today in Chicago and approved sending the national contract out for a membership vote. A national Vote No Telephone Town Hall of UPSers and Teamster officers who oppose the contract will be held on Saturday. Registration closes at 3 pm on Friday.

View More News Posts