November 13, 2014: UPS is growing fast internationally and so is the middle class. How do we build union power in a global economy?
UPS’s business is driven by middle-class consumers sending packages and buying products online. While UPS’s middle-class customer base is expected to grow rapidly through 2030, only a small amount of growth will come from the US.
Most of the growth in the global middle class is expected in Asia, especially China, and India.
Teamsters are still the engine of UPS’s revenue and profits. We’ve generated 61% of UPS’s revenue so far this year—and UPS Freight Teamsters piled more revenue on top of that.
Teamsters will continue to be central to the company’s operations and profits—but UPS has a long-term plan and we need one too in a global economy. We’ve got to build global union ties and global labor solidarity for union power in the long run.
UPS has a long-term plan. Our union needs one too. The time to start is now.