UPS Still Profitable in Tough Economy

September 11, 2009: UPS announced after-tax profits of $445 million for the second quarter of 2009, up from $401 million in the first quarter.

In the worst economy in our lifetimes, UPS has turned $846 million in after-tax profits in the first six months of the year.

By comparison, FedEx lost $779 million from Dec. 1, 2008 to May 31, 2009—the most recent six months for which the company’s earnings info is available.

UPS’s volume and profits are both down from last year. UPS made $873 million in the second quarter of 2008.

Get Advice Join TDU Donate

Recent News

Yellow Trims Losses: Best Quarter in Six Years

Yellow Corporation released its first quarter financials on May 10. The company shows strong improvement but is still not profitable. Yellow’s overall operating ratio of 99.3 percent is 3 percent better than a year ago, but well below other LTL carriers, including ABF and TForce.

 

Sysco Profits Up

Sysco Corp announced its quarterly financial report on May 10, with profits and revenue both up dramatically since last year.  Profits for the quarter were $303.33 million, up from $88.9 million last year. Revenue rose 43% from $11.8 billion to $16.9 billion.

View More News Posts