I get a kick out of how these ups people can't admit FDX is kicking their butt. We are on a roll, and this is just the beginniing. I hope you guys don't have another disasterous quarter, don't know how your company can afford you high priced drivers. Thats going to change though...in the years to come the Union is going to ask for concessions for you guys to stay competitive. Thats when the fireworks will begin.
UPS is boring, anyone who works for the company knows that. For 99 years boring has equaled long term success. I'm cool with no headline grabbing numbers like 40% increase in earnings, don't need a big splash to be successful.
you can apply that same argument to the ups store owners.They don't want to tell you how they achieved those numbers. Fedex Express is being raped by its own cousin company fedex Ground and Home Delivery who are independent contractors. You shovel more and more of you business through this zero labor cost business plan, and yes your "profits" go up.
Just wait, oh man just wait until all those class action lawsuits are awarded to the independent contractors and then the proverbial snowball starts rolling. Fred:*******: is either going to have to pay these ICs big money or accept them as "employees" thus taking on huge labor costs as well as benefits, vehicular maintenance, and on and on that he currently has the IC pay for. I don't think he has that kind of cash laying around like UPS does. One day his business model will implode on him and the stock prices and dividends will be in the pennies, his earnings in single digit numbers.
And what about UPS quarter report? Did you even reach double digits? Bad Management, Supply Chain prob and now news your freight div can't merge smoothly with other divisions. Also you guys just announced layoffs...
Like Jim Cramer said today...UPS..big company...slow growth....FEDEX....smaller company...growth and profits.....Sell UPS..Buy FEDEX.....I could'nt agree more!