Couple this with the savings we will experience by further reducing the MIP this year and we will really be positioned well going forward. Buy now while the current stock price is a bargin.
Could the sting of UPSER's wanting to oust the teamsters and start their own union have any part in this new proactive partnership?some positves in this earnings statement.
UPS projected a slowing economy while FDX said "what slowing economy"? until they were surprised by it.
UPS trimming fat. International market grew nicely this quarter. SCS rebounded nicely. Plans to accelerate the integration of Overnight. Plans to buyback shares.
contract negotiations going well. something I heard today about the contract negotiations I found interesting:
In 97 the teamsters did not present thier economic proposals until the day before the strike.
In 2002 they did not present thier economic proposals until the week of the hand shake.
this time they have already presented thier economic proposals which gives another indication that negotiations may be far into the serious stage.
much talk about how to strengthen the various pension plans.
firm committments from both sides to continue meeting frequently in the coming month to get this thing done.
an early settlement with a fair increase for our people , a strengthening of the pensions and medical, perhaps language on enjoining overnight into the teamsters and a few additional flexibility items could possibly showcase UPS and the teamsters working together in a proactive partnership far beyond what anyone thought ever possible.
some positves in this earnings statement.
Could the sting of UPSER's wanting to oust the teamsters and start their own union have any part in this new proactive partnership?
The negotiations started in a serious stage. The teamsters( by their own poll) showed the concern UPS employees had with our pensions.
APWA , starts drawing national support.
the teamsters start negotiating a year early to address the pension shortfall.
Changes have already occurred at CS regarding our pension, to the better.
To be my cynical self,
Why have these changes happened so suddenly, after the adversarial relationship between UPS and the teamsters?
My simple answer is, APWA.
Been hearing that garbage for 7 years now. Closing stock price on 11/10/99 was $68 and change. 7 yrs later it's almost $72. During the same period one could have doubled their money by throwing darts to pick stocks. You can't spend "positives."