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Hello and Goodbye (The Rise And Fall Of Nobody)
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<blockquote data-quote="Catatonic" data-source="post: 1003718" data-attributes="member: 7966"><p>The issue is not whether UPS drivers are paid too much, too little or just right.</p><p>If one compares the FedEx Ground driver cost per unit of work versus the UPS driver cost per unit of work, then the answer is, as Upstate said, FedEx cost is cheaper.</p><p>US stop density and premium products is the only thing holding up the UPS driver wages at this point ... along with the UPS driver work ethic.</p><p></p><p>Since it appears the Teamsters are never going to get anything done in regards to organizing FedEx, the UPS driver ranks are looking at a dim future.</p><p></p><p>Looking at these inevitable market pressures and the organizational changes in UPS, at some point, UPS will reorganize breaking off the UPS US Ground into a separate business unit which will eventually go bankrupt along with the UPS commitment to maintain the Teamster retirement pensions and health-care funding.</p><p></p><p>Just an observation from the outside.</p><p>I have already sold over 90% of my UPS Stock and when I retire, I will sell most of what I have left.</p><p>It is a good dividend stock for now but once UPS loses the stop density of US Ground, that will be severely cutback.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1003718, member: 7966"] The issue is not whether UPS drivers are paid too much, too little or just right. If one compares the FedEx Ground driver cost per unit of work versus the UPS driver cost per unit of work, then the answer is, as Upstate said, FedEx cost is cheaper. US stop density and premium products is the only thing holding up the UPS driver wages at this point ... along with the UPS driver work ethic. Since it appears the Teamsters are never going to get anything done in regards to organizing FedEx, the UPS driver ranks are looking at a dim future. Looking at these inevitable market pressures and the organizational changes in UPS, at some point, UPS will reorganize breaking off the UPS US Ground into a separate business unit which will eventually go bankrupt along with the UPS commitment to maintain the Teamster retirement pensions and health-care funding. Just an observation from the outside. I have already sold over 90% of my UPS Stock and when I retire, I will sell most of what I have left. It is a good dividend stock for now but once UPS loses the stop density of US Ground, that will be severely cutback. [/QUOTE]
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Hello and Goodbye (The Rise And Fall Of Nobody)
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