Big Brown's Quarter Not So Bad ... Especially Compared With FedEx's Results

Discussion in 'The Latest UPS Headlines' started by cheryl, Jul 26, 2009.

  1. cheryl

    cheryl I started this. Staff Member

    Big Brown's Quarter Not So Bad ... Especially Compared With FedEx's Results - Gerson Lehman

    The people who run United Parcel Service are a tough bunch to satisfy. Nearly everybody else in the transport industry would die to earn $15 million net profit every day in the waning days of a recession. Not UPS.

    Earnings slumped in the second quarter to "only" $445 million, a 49 percent drop from 2008 second-quarter earnings. At the company's mainstay, its U.S. domestic package segment which produces 63 percent of revenue, the unit's operating ratio was only a so-so 93. For UPS, this is like striking out three times in four at-bats.

    But what really is impressive, analysts' whining not withstanding, is UPS's performance vis-a-vis its major competitor, FedEx. While UPS was earning $846 million using a Teamsters work force, non-union FedEx actually lost $779 million for its corresponding six months.
     
  2. Hawaii50

    Hawaii50 Active Member

    Re: Discuss: Big Brown's Quarter Not So Bad ... Especially Compared With FedEx's Resu

    What the article fails to mention is Fed Ex took a 900 million dollar write down from their Kinkos purchase.
     
  3. FedEX 4 Life

    FedEX 4 Life New Member

    Re: Discuss: Big Brown's Quarter Not So Bad ... Especially Compared With FedEx's Resu

    Ofcourse thier not going to say anything about that.
     
  4. ups79

    ups79 Active Member

    Re: Discuss: Big Brown's Quarter Not So Bad ... Especially Compared With FedEx's Resu

    What about the 6.1 Billion one time charge UPS took to exit central states?
     
  5. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Re: Discuss: Big Brown's Quarter Not So Bad ... Especially Compared With FedEx's Resu

    Perhaps this comment would be more relevant if positioned in context.
     
  6. 1989

    1989 Well-Known Member

    Re: Discuss: Big Brown's Quarter Not So Bad ... Especially Compared With FedEx's Resu


    Fedex made just under 200million excluding charges. UPS made 445million.