December 5, 2006: UPS’s third-quarter after-tax profits rose to $1.04 billion, with strong growth in domestic and international shipments. Profit in the largest business line, domestic packages, rose 8.8 percent and international profits jumped 22 percent.
UPS reported only one weak spot: integration of Menlo Forwarding (UPS Cartage Services Inc.) and Overnite (UPS Freight).
Most of Yellow’s terminal properties closed at auction on December 4, with XPO the biggest buyer, paying $870 million or nearly half of the $1.9 billion that the 128 properties yielded. XPO bought 28 properties and Estes bought 24.
Hear from UPS Teamsters and guest speaker Teamsters General President Sean O'Brien about moving from contract campaign to contract enforcement this Sunday, December 10 at 12 PM EST/11 AM CT/10 AM MT/9AM PT. Register now.
