UPS Profits Jump to $1.3 Billion

UPS profits for the second quarter went up, even though revenue is down. The company is squeezing more profits out of every package and every worker.

UPS posted second-quarter $1.23 billion in profits after taxes. Brown’s profits were 171 percent higher than they were in the second quarter last year.

The profit spike was boosted by a one-time charge on the company’s books for last year related to retiree healthcare. But even adjusting for that, UPS profits were still up by 12 percent from last year—on less revenue.

UPS is squeezing more profits out of every package and every worker thanks to a concessionary contract from Hoffa-Hall that has opened the door to more harassment, heavier loads, more speed-up, and more subcontracting through Surepost and Access Point.

For More Information:

UPS Profits Up, Revenues Down -- Atlanta-Journal Constitution

UPS Pressroom Announcement on 2nd Quarter Profits

Get Advice Join TDU Donate

Recent News

Sign the Petition: Extend COVID Paid Leave at UPS

Growing numbers of UPS Teamsters are having to quarantine without pay, because they have reached the 10-day cap on COVID pay. Sign the petition to tell UPS not to cap COVID paid leave when we need it most. 

 

9.5 Lists Will Automatically Renew on January 16

Because of the COVID pandemic and social distancing requirements, UPS and the International Union have agreed to renew the 9.5 list that was in effect until November 15 when 9.5 rules go back into effect on January 16.

View More News Posts