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 the third quarter last year and by 89 percent over its third quarter profits in 2009.
In all, UPS has made $3 billion in profits after taxes so far this year—before peak! That’s a 25 percent increase over last year.
Compared to the third quarter last year, the company’s revenue is up 8 percent to $13.17 billion. UPS Freight revenue is up 5 percent and domestic package revenue is up 7 percent.