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The Latest UPS Headlines
Big Brown's Quarter Not So Bad ... Especially Compared With FedEx's Results
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<blockquote data-quote="cheryl" data-source="post: 570565" data-attributes="member: 1"><p><strong>Big Brown's Quarter Not So Bad ... Especially Compared With FedEx's Results - Gerson Lehman</strong></p><p></p><p>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.</p><p></p><p>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.</p><p></p><p>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.</p></blockquote><p></p>
[QUOTE="cheryl, post: 570565, member: 1"] [B]Big Brown's Quarter Not So Bad ... Especially Compared With FedEx's Results - Gerson Lehman[/B] 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. [/QUOTE]
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Big Brown's Quarter Not So Bad ... Especially Compared With FedEx's Results
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