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how has the attitude of ups evolved to where it is today.
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<blockquote data-quote="BigBrownSanta" data-source="post: 235091" data-attributes="member: 11097"><p>IMO, going public was never about the shareholders (and it still isn't about the shareholders), it was about funding worldwide expansion.</p><p> </p><p>According to D. Scott Davis, UPS's CFO, "The first priority for UPS is reinvestment in the business, either through capital expenditures or acquisitions."</p><p> </p><p>"The second priority for our use of cash is return to shareowners through dividends and stock repurchases."</p><p> </p><p>While UPS is out trying to grow worldwide, the domestic front is deteriorating. Sure, we have this new miracle PAS system that's supposed to increase efficiency (and maybe in some ways it has), but it sure seems to me that it was implemented then forgotten.</p><p> </p><p>We've missed earnings twice in the last 2 years. Why? When we started using PAS and EDD, pickup volume on my old route dropped from 300 pkgs a day to 200 pkgs a day. My start time was moved to 25 minutes later and then I didn't have time to del bulk stops with my air. That meant that those bulk stops (shippers) started getting later deliveries (sometimes delivered and picked up at the same time). While I was more "efficient" in deliveries (SPORH), I was losing pickup volume (revenue?).</p></blockquote><p></p>
[QUOTE="BigBrownSanta, post: 235091, member: 11097"] IMO, going public was never about the shareholders (and it still isn't about the shareholders), it was about funding worldwide expansion. According to D. Scott Davis, UPS's CFO, "The first priority for UPS is reinvestment in the business, either through capital expenditures or acquisitions." "The second priority for our use of cash is return to shareowners through dividends and stock repurchases." While UPS is out trying to grow worldwide, the domestic front is deteriorating. Sure, we have this new miracle PAS system that's supposed to increase efficiency (and maybe in some ways it has), but it sure seems to me that it was implemented then forgotten. We've missed earnings twice in the last 2 years. Why? When we started using PAS and EDD, pickup volume on my old route dropped from 300 pkgs a day to 200 pkgs a day. My start time was moved to 25 minutes later and then I didn't have time to del bulk stops with my air. That meant that those bulk stops (shippers) started getting later deliveries (sometimes delivered and picked up at the same time). While I was more "efficient" in deliveries (SPORH), I was losing pickup volume (revenue?). [/QUOTE]
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