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 these profits? Working Teamsters, that’s who. UPS’s domestic revenue was up 6.1 percent. UPS’s International operations grew at a slow pace, just 2.3 percent, disappointing analysts.
Volume is up, but instead of meaning more Teamster driving jobs, it has meant excessive loads and production harassment.
E-commerce packages are increasingly being subcontracted to the post office—another drain on full-time job creation.
UPS made $4.2 billion in profits after taxes in 2011 Profits could top $5 billion this year.
“I hope they make $10 billion,” Ken Hall, the International Union’s chief negotiator at UPS, told delegates at the Teamster Convention. “Because the more they make, the more we take when it comes to negotiations.”
Theoretically, that should be true. But UPS was making record profits in 2008 when the International Union gave away record concessions, then failed to enforce the contract since then.
UPS Teamsters are getting together to Make UPS Deliver a fair contract—with no givebacks. Click here to find out more about the Make UPS Deliver campaign.
Our contract at UPS doesn’t expire until Aug. 2013. But the International Union and UPS are planning to negotiate the next contract early.
UPS Teamsters are also preparing early to make sure that any early deal makes UPS deliver the contract we deserve.
The Make UPS Deliver Campaign is bringing together Teamsters to win a contract that:
- Protects Our Benefits and Wins Better Pensions
- Wins Higher Wages Especially for Part-Timers
- Protects Drivers from UPS Abusing GPS & Telematics Technology
- Ends Trumped Up Discipline for “Dishonesty”
- Stops Production Harassment & Excessive Loads
- Creates More Full-Time Jobs So Part-Timers Can Go Full-Time and Drivers Can Get Relief from Excessive Loads
- Stops Subcontracting Feeder Work and Packages to the Post Office
Click here to send Make UPS Deliver a message about what you think the priority issues are for the next contract.
Click here to download a Make UPS Deliver bulletin.
UPS Teamsters are building a nationwide campaign to make sure that any early deal makes UPS deliver the contract we deserve.
Click here to sign up for email updates.
Click here to send Make UPS Deliver a message about what you think the priority issues are for the next contract.
Click here if you are willing to help distribute information about contract negotiations to UPS Teamsters in your building.
An information Brownout from our International Union kept UPS Teamsters in the dark during the last contract negotiations.
The result was contract concessions and language loopholes that have allowed management to pound us with production harassment, unfair discipline, excessive overtime, full-time job elimination and other violations.
Make UPS Deliver is the only nationwide campaign and information network that gives members reliable bargaining updates and brings UPS Teamsters together to win the wages, benefits and contract protections we deserve.
The Make UPS Deliver campaign is sponsored by Teamsters for a Democratic Union and funded by memberships and donations from UPS Teamsters.
How much is a good contract worth to you?
Click here to Join TDU today. Membership is just $40 for the year, $25 for part-timers.
Click here to find out more about TDU.
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 his total compensation to $2.3 million.
Davis was paid a base salary of $1.02 million, $9.45 million in shares, stock options worth $450,807, and a $566,996 bonus. Davis also got $1.51 million via an increase in the value of his pension and deferred compensation.
Higher pay, increased pensions? We need to make UPS deliver the same for working Teamsters at contract time.
UPS Teamsters are joining together to win a better contract and stop the downward slide in our pensions.
The cost of living is going up. But pensions for UPS Teamsters in the Philadelphia Fund are going down every year.
Read the rest …
Over the next ten years, the pension for a full-time UPSer retiring after 30 years will sink from approximately $3,900 to less than $3,200 a month.
Our pension benefits will be cut every year—unless we take action to win changes in our plan. What’s behind the Philadelphia Pension slide and what can we do about it?
Click here to download a pdf version of this report.
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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 unions on a global scale.
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The decisions from the March National Grievance Panel in Fort Lauderdale are now available online.
The UPS National Grievance Committee settles national disputes and grievances that have been deadlocked at both the local and regional levels.
Click here to download the March National Grievance Panel decisions.
Click here to download the March Joint Air Committee decisions.
FedEx Corp. said Thursday its profit between December and February more than doubled as its ground and freight segments shipped more packages and charged higher prices.
In its fiscal third quarter, the world’s second-largest package delivery company earned $521 million or $1.65 per share, compared with $231 million, or 73 cents per share, a year earlier.
Click here to read more at The Wall Street Journal.
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 — Europe’s second-largest express delivery company behind DHL — comes a month after TNT management turned down a €9 per share offer. The companies remained in talks, assisted by a strengthening dollar.
Click here to read more from the Associated Press.
UPS Teamsters earn dramatically different pensions depending on the plan they’re in—with the company-controlled UPS Pension Plan in the former Central States areas paying the lowest benefits by far.
The Pension Comparison Chart shows the range and variation of benefits for the great majority of pension plans covering UPS Teamsters.
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Speaking at the UPS National Grievance Panel in Florida in early March, Ken Hall confirmed that the International Union is looking at early contract negotiations with UPS.
Protecting our pensions and healthcare has to be a top priority.
UPS has come after our pensions at the bargaining table before—and can be counted on to do so again. We need to be ready for the company’s new threats to our pensions and retirement security.
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When Teamster members at our union’s largest and most profitable employer are making less than minimum wage, you know there’s something wrong.
But that’s just what is happening at UPS in Washington where the starting wage for part-timers is 54 cents an hour less than the state minimum wage. The minimum wage in some other states will soon pass the UPS starting wage.
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Speaking at the UPS National Grievance Panel in Florida last week, Ken Hall confirmed the International Union is looking to early contract negotiations with UPS.
Hall, the head of the IBT Package Division and our union’s lead negotiator at UPS, was vague about the timeline, but mentioned October as a possible date for entering early contract negotiations.
The current contract at UPS does not expire until July 31, 2013.
Read the rest …
