January 18, 2010: Management spent last year crying that the company was losing money. But as Teamster Voice goes to press, the company has told investors that fourth quarter profits per share will be 12 to 29 percent higher than previously announced.
After taxes, UPS made $1.4 billion in profit in the first nine months of 2009 alone. Brown will announce its 2009 profit numbers on Feb. 2. TDU will post the info online at www.tdu.org.
More than 200 Cincinnati Local 100 Teamsters are celebrating a contract campaign victory at Zenith Logistics, a third-party operator for Kroger. Zenith Teamsters ratified the contract unanimously, 118-0. Their new contract includes a nearly $5 raise in the first year and replaces company health coverage with TeamCare.
UPS announced third quarter profits of $2 billion. The company slashed 34,000 operational jobs and Wall Street cheered. UPS shares rose 8%. Make no mistake—this company and its investors don’t give a damn about the Teamsters who create their wealth.
