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).
President Shawn Fain, who led members of the United Autoworkers (UAW) to victory in the Stand Up Strike against the Big Three automakers in 2023, is out to an early lead in balloting in the International Union election. You can follow the election results here.
More than 500 Amazon drivers at two facilities in Torrance, California have joined Teamsters Local 396 and are demanding that Amazon recognize their union and come to the bargaining table.
