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UPS 2Q Profits up 26%

UPS made $1.06 Billion in profits after taxes from April to June this year. That’s an increase of 26 percent (or more than $150 million) over the $845 million in profits the company made during the...

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UPS Exec Brags About Low Wage Increases for Teamsters

UPS Chief Financial Officer Kurt Kuehn bragged to investors that UPS Teamsters will continue to get “below-inflation increases in wages” under the concessionary contract negotiated by Hoffa and Hall in...

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UPS Profits Up Again

The economy made be down but UPS’s profits continue to go up. Company execs announced that UPS made $1.04 Billion in profits in the third quarter.  Brown’s profits increased by 5 percent compared to...

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UPS to Buy TNT Express for $6.77 Billion

United Parcel Service Inc. said Monday it has agreed to buy TNT Express NV for $6.77 billion (€5.16 billion) in a deal supported by TNT’s boards. UPS’s cash offer of €9.5 ($12.51) per share for TNT —...

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Global UPS Demands Global Unionism

UPS just made its biggest acquisition ever, buying TNT Express for $6.8 billion. With contract negotiations on the way, the UPS-TNT deal makes it more important for the Teamsters to coordinate with...

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Brown’s CEO Gets $2.3 Million Pay Hike

United Parcel Service CEO Scott Davis got a whopping 21.62 percent raise to $13.05 million last year according to a company filing with the SEC. Davis made $10.73 million in 2010 bringing the hike in...

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UPS Profits Up Again

UPS made just under a billion dollars in the first quarter of 2012. Brown reported profits of $970 million for the first three months of the year, up 6 percent from last year. Who delivered most of...

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UPS Forecasts Higher Profits for 2012

October 24, 2012: UPS released its third-quarter financials yesterday, and has upgraded its projected profits for 2012. Once again, UPS Teamsters drove the company’s revenue. International package...

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UPS Posts Record Earnings

January 31, 2013: UPS announced record Fourth Quarter and Annual adjusted earnings in a company statement today. UPS made profits of $2.05 billion excluding a big one-time pension accounting charge....

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UPS Increases Stock Dividends

In another sign of UPS’s fat profits, the company once again hiked payments to stockholders. Cash dividends have tripled since 2000. The UPS Board of Directors declared an 8.8% increase in stock...

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UPS Profits Up Again, Top $1 Billion For 1Q

April 25, 2013: On the same day that UPS is looking to ink a tentative agreement on a new contract, the company announced its profits are on the rise. UPS’s after-tax profits for the first quarter rose...

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Brown Hauls in More Green

July 23, 2013: Today, UPS announced after-tax profits of $1.07 billion for the second quarter. The money is there for a better contract. In the first six months of the year, UPS made $2.11 billion. UPS...

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UPS Profits Top $1 Billion for 3Q

October 25, 2013: UPS announced third quarter profits of $1.1 billion today. Can anyone explain why Hoffa and Hall gave the company healthcare cuts, a longer progression and other contract givebacks?...

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UPS Says Profits for Us, Concessions for You

While UPS and UPS Freight Teamsters take concessions, the profit haul for the company continues. UPS reported fourth-quarter profits of $1.2 billion and says profits will top $5 billion in 2014. The...

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