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Brown Cafe UPS Forum
UPS Union Issues
Comparison: Last, Best & Final to Pre-strike proposals
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<blockquote data-quote="pretzel_man" data-source="post: 1027175" data-attributes="member: 927"><p>I still do not know the answer, but I did find this 2003 article from CNN Money:</p><p></p><p>"UPS still hogs the ground-delivery roadway with a 71 percent market share. But FedEx Ground--which just a few years ago was a sideshow to its $16 billion global air-delivery business--hit 14 percent market share in 2002. With revenue growing at a 26 percent annual clip and operating profit surging (up 47 percent in the fiscal year that ended in May), it's on track to swipe another 7 percent of the market by 2007. UPS, by contrast, has lagged behind: Revenue for ground-package shipments grew a measly 0.2 percent in 2002, while overall U.S. operating profit fell 1 percent. </p><p></p><p>FedEx CEO Fred S saw his opening in 1997--during the 15-day Teamster strike by UPS workers. "He called to ask if I was interested in combining our companies," says FedEx Ground CEO Daniel Sullivan, who was then running RPS, a Pittsburgh-based ground-delivery firm that had become UPS's biggest rival, with annual revenues of $1.7 billion. In 1998, FedEx acquired RPS. Smith put Sullivan in charge of the division--rechristened FedEx Ground in 2000--and the new unit began to claw its way into UPS's market."</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 1027175, member: 927"] I still do not know the answer, but I did find this 2003 article from CNN Money: "UPS still hogs the ground-delivery roadway with a 71 percent market share. But FedEx Ground--which just a few years ago was a sideshow to its $16 billion global air-delivery business--hit 14 percent market share in 2002. With revenue growing at a 26 percent annual clip and operating profit surging (up 47 percent in the fiscal year that ended in May), it's on track to swipe another 7 percent of the market by 2007. UPS, by contrast, has lagged behind: Revenue for ground-package shipments grew a measly 0.2 percent in 2002, while overall U.S. operating profit fell 1 percent. FedEx CEO Fred S saw his opening in 1997--during the 15-day Teamster strike by UPS workers. "He called to ask if I was interested in combining our companies," says FedEx Ground CEO Daniel Sullivan, who was then running RPS, a Pittsburgh-based ground-delivery firm that had become UPS's biggest rival, with annual revenues of $1.7 billion. In 1998, FedEx acquired RPS. Smith put Sullivan in charge of the division--rechristened FedEx Ground in 2000--and the new unit began to claw its way into UPS's market." [/QUOTE]
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Comparison: Last, Best & Final to Pre-strike proposals
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