UPS Profits Up Again

May 22, 2012: UPS made just under a billion dollars in the first quarter of 2012. Brown reported profits of $970 million for the first three months of the year, up 6 percent from last year.

Who delivered most of these profits? Working Teamsters, that's who. UPS's domestic revenue was up 6.1 percent. UPS's International operations grew at a slow pace, just 2.3 percent, disappointing analysts.

UPS made $4.2 billion in profits after taxes in 2011. Profits may top $5 billion this year.

"I hope they make $10 billion," Ken Hall, the International Union's chief negotiator at UPS, told delegates at the Teamster Convention. "Because the more they make, the more we take when it comes to negotiations."

Theoretically, that should be true. But UPS was making record profits in 2008 when the International Union gave away record concessions, then failed to enforce the contract since then.

Get Advice Join TDU Donate

Recent News

The New Yorker Covers Our Historic Fight at UPS

UPS wants the public to think that Teamsters are overpaid and greedy. But UPS Teamsters got a chance to speak out on why we’re fed up and ready to strike if we have to in a big story in the New Yorker called, “UPS and the Package Wars.” The magazine spoke to shop steward Antoine Andrews and other TDU members and follows contract campaign activities in Local 804, to get a glimpse at the momentum Teamsters are building at UPS. Read it online or the pdf version.

Register for TDU’s Contract Enforcement Workshops

Register for TDU's latest online workshops to get the tools to enforce your contract, deal with difficult supervisors on the shop floor and in the office, and beat unfair discipline. Take one training or the whole series. Our online workshops are free, but advance registration is required.

View More News Posts