UPS spent record amounts, including on new facilities, to handle growing e-commerce volume and the peak season rush. Even after those expenses, UPS’s profits, after taxes, topped $6 billion for the year.

The national contract imposed by the Hoffa-Hall administration delivered concessions, including two-tier 22.4 package drivers and part-time starting pay of just $13 an hour.

There’s something wrong with this picture. Top Teamster negotiators are not using our bargaining leverage to win the contracts we deserve—and the contract vote showed that the majority of UPS Teamsters know it.

UPS made $1.67 billion in fourth quarter profits, before tallying a one-time $1.24 billion charge based on the market value of their pension holdings. That bookkeeping adjustment left the company’s official fourth quarter net income results as $453 million.
Record Profits for UPS, Concessions for Us - Teamsters for a Democratic Union