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<blockquote data-quote="worldwide" data-source="post: 831416" data-attributes="member: 2193"><p>Make no mistake, UPS made a profit but the last time I checked, UPS is a for-profit company so that is the idea. Anybody can buy UPS stock and share in the success with stock growth and dividends - that is one way of getting part of the "cash cake" as menotyou calls it. Any employee can go through the process of promotion to go into management and get MIP - the higher you go in the ranks, the more the MIP bonus increases but so does job responsibility. If none of those options appeal, you are left to wait a few years for a new agreement and accept what the union negoitates form you.</p><p></p><p>Just be clear about UPS's results. Is UPS truly growing? In terms of revenue and profit, yes but in terms of volume, not in the US. UPS volume declined year over year in the first quarter in the US by 58,000 pieces per day but international volume grew by around 89,000 pieces per day worldwide. Is the economy improving? A little bit but don't forget that UPS has made themselves a better company over the last couple years through layoffs, consolidations and improving productivity--getting leaner during the recession so they could emerge stronger when the economy started to turn. Scott Davis said that was the plan a couple years ago - to make cuts and consolidations now to emerge stonger when the recession ended - and it looks like that is exactly what is happening. Still, the company is going to be cautious as the economy is still a little shaky so I would not expect any major spending or hiring booms. </p><p></p><p>The fact that volume is declining in the US but growing outside the US should be something to take note of. The US market is mature, Fedex Ground has developed into a decent company, has faster transit time than UPS, has many fully automated hubs and a lower cost structure - there is really only one place for them to take packages from so my gut tells me UPS will slowly but surely lose ground volume in the US but perhaps gain some Fedex air volume. International business will continue to grow and it appears that segment will be the primary driver of growth and profits moving forward.</p></blockquote><p></p>
[QUOTE="worldwide, post: 831416, member: 2193"] Make no mistake, UPS made a profit but the last time I checked, UPS is a for-profit company so that is the idea. Anybody can buy UPS stock and share in the success with stock growth and dividends - that is one way of getting part of the "cash cake" as menotyou calls it. Any employee can go through the process of promotion to go into management and get MIP - the higher you go in the ranks, the more the MIP bonus increases but so does job responsibility. If none of those options appeal, you are left to wait a few years for a new agreement and accept what the union negoitates form you. Just be clear about UPS's results. Is UPS truly growing? In terms of revenue and profit, yes but in terms of volume, not in the US. UPS volume declined year over year in the first quarter in the US by 58,000 pieces per day but international volume grew by around 89,000 pieces per day worldwide. Is the economy improving? A little bit but don't forget that UPS has made themselves a better company over the last couple years through layoffs, consolidations and improving productivity--getting leaner during the recession so they could emerge stronger when the economy started to turn. Scott Davis said that was the plan a couple years ago - to make cuts and consolidations now to emerge stonger when the recession ended - and it looks like that is exactly what is happening. Still, the company is going to be cautious as the economy is still a little shaky so I would not expect any major spending or hiring booms. The fact that volume is declining in the US but growing outside the US should be something to take note of. The US market is mature, Fedex Ground has developed into a decent company, has faster transit time than UPS, has many fully automated hubs and a lower cost structure - there is really only one place for them to take packages from so my gut tells me UPS will slowly but surely lose ground volume in the US but perhaps gain some Fedex air volume. International business will continue to grow and it appears that segment will be the primary driver of growth and profits moving forward. [/QUOTE]
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