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.
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The assets of the Central States Pension Fund fell to $9.8 at the end of March, a drop of $573 million in the first quarter. The fund projects forward that it will pay $2.83 billion in pension benefits this year, while taking in $651 million in employer contributions.
