UPS First Quarter Profits Up 7.5 Percent

May 1, 2008: UPS announced its profit rose 7.5 percent in the first quarter, though it was affected by the weakening U.S. economy. After-tax profits rose to $906 million, or 87 cents a share, for the January-March quarter, compared to $843 million, or 78 cents a share, for the same period last year.

Revenue in the quarter rose 6.5 percent to $12.68 billion, compared to $11.91 billion last year. UPS said it benefited from strong gains in its international operations. But UPS said it doesn’t expect the U.S. economy to strengthen in the second quarter.

During the first quarter, UPS delivered total consolidated volume of 968 million packages, unchanged from a year ago. UPS said the slowing U.S. economy reduced average daily volume in the U.S. by 0.3 percent for the quarter. It saw volume declines in next-day air shipments.

Get Advice Join TDU Donate

Recent News

Webinar: Getting the Goods to Win Your UPS Grievance

In this webinar, you'll learn proven strategies to win grievances at UPS, and how to deal with retaliation from management. Review how to document your case to win a good settlement and be prepared if the case goes to panel. Register for the webinar on Sunday, March 16 at 12 PM ET / 11 AM CT / 10 AM MT / 9 AM PT.

Resources: Hunting Season and Your Rights at UPS

Peak season is over. But a new year brings new problems: Surepost chaos, production harassment, and petty discipline. Teamster members joined our webinar to learn tried and true strategies to protect yourself and fight discipline. Watch it here, then scroll for resources.

View More News Posts