Quarterly Profits Nearly Double

August 11, 2010: Profits are skyrocketing at UPS while working conditions continue to bottom out.

UPS executives announced that Brown hauled in more than $854 million in the second quarter. Brown’s profits increased by 90 percent compared to the second quarter last year. That’s $400 million more in profits.

In all, UPS made nearly $1.4 billion in profits after taxes in the first six months of this year alone. Package volume continues to increase. UPS Freight revenue is up by 10 percent.

Chief Financial Officer Kurt Kuehn told analysts that he expects profits to increase even more over the rest of the year despite the slow economic recovery.

Get Advice Join TDU Donate

Recent News

UPS Cashes in on COVID with $2 Billion Profits

UPS made $2 billion in profits after taxes in the third quarter thanks to exploding volume and excessive overtime by UPS Teamsters. Revenue for the quarter topped $21 billion.

Pension Activists Blitz White House with Calls

The National United Committee to Protect Pensions (NUCPP) is calling on all active and retired Teamsters to blitz the White House today with calls asking the President to support a pension solution and to be sure it's included in any stimulus plan that crosses his desk. They encourage members and retirees call 202-456-1414 to demand support for defending hard earned pensions that are under attack through no fault of working people. 

View More News Posts