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

Happy 4th of July!

TDU wishes all Teamster brothers and sister and their families a happy 4th of July.

Double Check Your UPS Retro Pay Check!

UPS Teamsters are finally getting their nine months of retro pay for our contractual raises. Check to make sure you’re getting what you are due, using TDU's retro pay calculator. 

View More News Posts