UPS executives announced the company made $1.2 billion in profit after taxes for the first three months of 2019.
The haul was actually slightly less than the $1.35 billion predicted by Wall Street. UPS said winter storms cost the company $80 million.
UPS Freight profits increased by almost 18 percent from last year to $200 million for the quarter.
UPS predicts that profits for the year will exceed $6.5 billion—and Wall Street analysts agree.
Teamsters, Amazon delivery drivers, and labor allies picketed today on the steps of New York City Hall to support the Delivery Protection Act. City Councilmember Tiffany Cabán announced the bill now has supermajority support in the City Council.
The IBT has launched the Teamster History Project, which includes 27 unedited interviews with Teamsters who made it happen. It covers the years 1975-1999. Those interviewed include several TDU leaders, participants in the Carey administration, James Hoffa, along with two Hoffa lieutenants who were expelled from the union for corruption and self-dealing.
