I've come across some interesting things, lately, while trying figure out how this $2 billion-dollar acquisition has played out.
First of all, I've always questioned UPS's lumping of the Freight sector's revenue into the upteen different other services and side-projects. It's very apparent that they're trying to 'hide' Freight's actual numbers (from shareowners). Then, after 'buying out' Coyote Logistics, never really integrates them except financially. They are still like an entirely separate company...but UPS claims the revenue:
"Atlanta-based UPS, which folded Coyote into its "Supply Chain and Freight" unit, does not publicly disclose financial results beyond those reported by its three units."
Now, Coyote was pulling in $2 billion/yr at the time of the buy-out, but UPS's entire 'Supply Chain and Freight' unit has posted right around $2 billion the last two years since, while INCLUDING Coyote's numbers...so, something's off.
It's acquisition has not added any significant amount of revenue (supposedly), "Coyote has suffered a brain drain in the past few months as employees have defected to rivals" (called it), you union guys are upset, but UPS Chairman and CEO David P. Abney has expressed satisfaction with the results of the acquisition...what the hell is there to be happy about, here? In my personal opinion, he's probably happy about how well these deception and morale declining tactics are popping off.
Everyone knows that UPS does not want to be in Freight. It's simply in it because it's competitor is. That makes this acquisition even more unusual.
best, but our Teamsters Local 31 has decided that we should fail. Non Union Contractors have a 5-1 on us. Hope this is not coming to my American cousins.
