dudebro
Well-Known Member
Under inflation pay raises. So actually a pay cut.
All of the rest of that could have been handled by hiring and putting more full time, full scale drivers on the road.
In all honesty, I took the next 5 years expected inflation and applied it to the current top driver rate to see what the "baseline" was with inflation. Inflation is expected to average about 2.4% per year. I came up with $4.10 over 5 years as a "COLA", more than this would be a raise.
At $4.15, the contract has a COLA for existing drivers - it's standard. It's not great, but it's not an insult either.
As for "record profits", no, there aren't. Domestic package revenue has gone up 4 billion from 2015-2017, and domestic package profit has remained level during the same period, including the tax cut. The last "record" domestic package profit was in 2015. The remaining profits are coming from non-US ops and freight.
These are the same company numbers many use to cry "record profits", so don't say you believe one number on the UPS financial reports and not another.