United Parcel Service matches lowered expectations for 4Q profit, tops revenue forecasts

Discussion in 'The Latest UPS Headlines' started by cheryl, Feb 3, 2015.

  1. cheryl

    cheryl I started this. Staff Member

    United Parcel Service matches lowered expectations for 4Q profit, tops revenue forecasts - US News and World Report

    Higher spending to gear up for the crush of holiday-package deliveries pushed fourth-quarter profit down 61 percent at UPS and the company gave a tepid outlook for 2015.

    The results were roughly in line with the lowered expectations that UPS set two weeks ago, when it warned that profits during the latter part of the year would disappoint.

    CEO David Abney said Tuesday that the company will control costs and raise prices this year, including surcharges for residential deliveries on peak days. UPS is sticking to its long-term targets for higher earnings, he said.
     
  2. undies

    undies Active Member

    We're going to push even more customers to regional shippers and USPS...not feeling secure about my job security.
     
  3. Packmule

    Packmule Well-Known Member

    Hopefully most of this will only affect peak season, not all year. If so, I see things working out either in higher shipping costs passed on to consumers for one month, or many ordering earlier to avoid the cost. Win win either way.
     
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  4. fishtm2001

    fishtm2001 New Member

    I'm sure this has probably been brought up before but, if we are looking for additional revenue why are we not charging shippers for the actual weight of a package rather than their stated weight? I make countless deliveries of items labeled at a fraction of the true weight?
     
  5. upschuck

    upschuck Avatar bet gone wrong

    Most hubs have dimensional scanners, and when they get unloaded and pass under them, they get weighed and measured under those scales. The only ones that don't get weighed are those going from hub to center and doesn't pass through another hub.
     
  6. oldngray

    oldngray nowhere special

    So UPS lowered estimates just before the report and met those lowered estimates? OK ......
     
  7. 1989

    1989 Well-Known Member

    Business is good... But they executed like the seahawks in the Super Bowl.
     
  8. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    All the drivers seemed to like the execution when it was happening!

    "BEST PEAK IN 20 YEARS"
     
  9. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    UPS managed expectations and no surprises on announcement day ... typical UPS.
     
  10. ups1990

    ups1990 Well-Known Member

    Could this mean a return to past day after thanksgiving work practices? The company did mention is was a money wasting idea.
     
  11. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Hey newbie,
    Past Friday after Thanksgiving was working.
    Recently it has been off.
     
  12. ups1990

    ups1990 Well-Known Member

    Noticed I wrote "past working practices"!
    Didn't UPS require all drivers to work this day unless they were on vacation?
    Maybe you're the newbie and didn't know that this past day after Thanksgiving was a mandatory working day for UPS drivers.
     
  13. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    If you call 40 years a "newbie".
    I guess I misread your somewhat cryptic post but the purpose was a light-hearted playful reply.
    Go ahead and take your ball so I can't play.

    I'll leave with feelings hurt and go take some pictures ... by myself ... where no one can hurt me! :picture:
     
  14. oldngray

    oldngray nowhere special

    Selfie time?
    [​IMG]
     
  15. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    The beard and boobs look about right.
     
  16. Packmule

    Packmule Well-Known Member

    Hey, if my gut still looked like that I'd be taking selfies too!
     
  17. Sparkey86

    Sparkey86 Member

    Did anybody notice during peak you had more rental equipment at you center? Sitting idle as well for several days before used? Or not used at all?
     
  18. 1989

    1989 Well-Known Member

    Yup
     
  19. Indecisi0n

    Indecisi0n Well-Known Member

    Now I feel bad. Maybe I can help by paying a portion of my benefits?
     
  20. brownmonster

    brownmonster Man of Great Wisdom

    I'll go one step further. How about a 6 year progression for new hires. It's a sacrifice I'm willing to make.