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UPS makes about $75 Billion per year in profit. This is a $25k increase after a few years of record inflation. There are 300k teamsters at UPS (including other
by sarchertech 3y ago
UPS makes about $75 Billion per year in profit. This is a $25k increase after a few years of record inflation. There are 300k teamsters at UPS (including other jobs like package handler). If 1/3 of those employees are drivers, we're talking a 3% reduction in profits. They can afford it. (also worth nothing this $170k is also including all benefits).
>this just means more people will get laid off.
The threat of a strike makes this much less likely.
Anecdotally UPS drivers are much, much better than Fedex and Amazon. They don't toss my packages or leave them sitting in the rain etc...
- BasedInfra 3y agoUPS just over 100 billion revenue and 11.55 billion NET profit. https://en.m.wikipedia.org/wiki/United_Parcel_Service https://en.m.wikipedia.org/wiki/United_Parcel_Service
- b112 3y agoStrange how many in this thread don't get revenue vs profit.
- deleted 3y ago[deleted]
- jhgfjhgfjhfgjhg 3y agoYou are wrong. UPS does not make anything close to $75 B per year in profit.
- Clubber 3y agoLooks like they made $100B in revenue and $74B profit in 2022. https://www.macrotrends.net/stocks/charts/UPS/ups/revenue https://www.macrotrends.net/stocks/charts/UPS/ups/revenue UPS annual revenue for 2022 was $100.338B, a 3.14% increase from 2021. UPS annual revenue for 2021 was $97.287B, a 14.96% increase from 2020. UPS annual revenue for 2020 was $84.628B, a 14.22% increase from 2019. UPS annual gross profit for 2022 was $74.152B, a 3.08% increase from 2021. UPS annual gross profit for 2021 was $71.939B, a 12.32% increase from 2020. UPS annual gross profit for 2020 was $64.05B, a 13.61% increase from 2019.