UPS Profits Are Up. So Is Teamster Members’ Determination.

UPS announced third quarter profits of $2.58 billion, an increase over last year. With peak season profits ahead, management can thank UPS Teamsters for a profit haul that beat Wall Street expectations. Here’s why.

A look behind the numbers shows that Brown’s higher-than-expected profits were powered by Teamsters. UPS revenue on domestic deliveries rose 9.8% for the quarter from a year earlier (Reuters). 

In other words, UPS is making more money on every package delivered by a Teamster than it did last year when the company made record profits. 

By comparison, the company’s supply chain solutions and freight forwarding business dropped by 6.3% compared to the third quarter last year (CNBC).

UPS told investors that company profits this year will top $13 billion. 

“I want to thank UPSers around the world for their unstoppable spirit,” CEO Carol Tome said. 

Thanks, but no thanks, Carol. You will see that “unstoppable spirit” in action next year when we come for the contract we deserve in 2023.

Get Advice Join TDU Donate

Recent News

Online Workshop: The Legal Rights of Union Stewards

Hundreds of Teamster members joined our webinar on The Legal Rights of Union Stewards with labor attorney Dave Suetholz. Check out a recording of the workshop below, plus workshop slides and resources for grievance investigation.

Important Update on Yellow Corp Bankruptcy

As Yellow Corporation moves to liquidate its assets, the IBT is fighting for former Yellow Teamsters in court to recover vacation pay, grievance settlements, and other monetary claims. Teamster benefit funds are also demanding full payment. 

View More News Posts