Pandemic Profits: UPS Reels in Nearly $1 Billion

Despite the COVID-19 pandemic, UPS announced first-quarter profits today of just under $1 billion after taxes.

UPS executives announced first quarter profits of $965 million, compared to $1.1 billion for the same period last year.

Many of the businesses that UPS Teamsters delivers to are closed dues to COVID-19.

Residential deliveries are up but they are less profitable per package than commercial deliveries.

Despite the pandemic, UPS hauled in nearly $1 billion in profits after taxes in just three months.

UPS Teamsters delivered these profits by coming to work throughout the COVID-19 crisis at risk to ourselves and our families—and we’re not going to let the company forget it.

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