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UPS made $1.5 billion more in 2017 than the year before. Brown says it will cash in even more in 2018, predicting profits of up to $6.5 billion.
UPS stock prices are up by 20 percent over the last year. Package revenue is up to $65.9 billion. UPS Freight added another $3 billion in revenue, a 10% improvement.
As icing on the cake, UPS is expected to cash in over $1 billion in corporate tax cuts.
But at the negotiating table, UPS is trying to soak the 260,000 Teamsters at UPS and UPS Freight.
The company is demanding givebacks, including a lower rate of pay for package drivers on residential routes, part-time package drivers for weekend deliveries, increased subcontracting, a reduction in guaranteed weekly hours for part-timers and many other concessions.
I am not surprised
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