Pandemic Profits: UPS Cashes In

UPS made $1.8 billion in profits after taxes in the second quarter—thanks to record volume and excessive overtime by UPS Teamsters.

The company’s profits are twice what Wall Street projected. The announcement sent stock prices soaring. Meanwhile, UPS Teamsters are taking a pounding.

Package volume is up 23 percent compared to last year at this time. Across the country, UPS drivers are working huge amounts of forced overtime. Understaffing is epidemic.

UPS now employs 9,000 two-tier 22.4 drivers who have no 9.5 rights thanks to the concessionary contract that Hoffa and Denis Taylor imposed over a membership note vote.

Of the 38,000 workers UPS has hired over the last year, 28,000 are part-timers.

UPSers will get an 80 cent wage increase on August 1. Part-time starting pay will go up to $14.50. 

In the Media

CNBC:  UPS Shares Soar 11%

Barrons: UPS Stock is Jumping After the Company Delivered Smashing Earnings

Get Advice Join TDU Donate

Recent News

Online Workshop—Grievance Handling: Best & Worst Practices

Review best practices for handling grievances and how to avoid common pitfalls, mistakes and traps in our latest online workshop for Teamsters on Sunday, December 13, at 11 am Eastern / 10 am Central / 9 am Mtn / 8 am Pacific.

Team Canada IBT Slate is Accredited

The two IBT vice presidents from Canada and the president of Teamsters Canada have petitioned among Canadian Teamsters to accredit the Team Canada Slate in the IBT Election.  Yesterday the Election Supervisor reported that they submitted 8,156 petition signatures, far more than the needed number of 2,807 in Canada.

View More News Posts