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UPS Partners
Management Buy-out and Pension cut
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<blockquote data-quote="beentheredonethat" data-source="post: 144416" data-attributes="member: 4886"><p>OK, I'm not Tie, but I am a manager and I have a few ideas I'd like to throw out. #1. Increase capacity in our hubs. We need some new hub facilities in key areas that can process large amounts of volume per hour to handle the growth we need in our ground network. The new hubs we build need to be automated for many reasons including reducing the need of PT hourly which we usually have in short supply. </p><p>#2. Increase capacity in our Air network. We have intentionally not bid on certain contracts because our air network couldn't handle the extra volume. Granted this was a customer that is a retail customer so the volume would have been huge at peak, which is a strained system as it is. Capacity is needed in terms of both lift (total pkgs we can handle) and in pickup time. By pickup I mean additional small gateways so that our pkg ctrs in some areas can have later pickup times to compete with FDX. #3. Dividend. To pay for the above 2 items, I would have brought the dividend back to where it was (almost 1/2). I'd rather take the money spent in dividends and put it back into long term investment in the company. This will pay off in long term dividends for UPS vs short term cash dividends. #4. Conference Calls - Get rid of more then half of them. Most operations mgrs in the centers don't pay attention to them since they are a rehash of what they already know. (at least for the good ones). Let the mgrs spend more time on running and growing their business. #5. This last one wouldn't be popular. But I'd want to get more PT Drivers. We have a great need based on our customers demand of early delivery and late pickup. I'd want to have a PT driver work to deliver both ground and air in the morning. Another PTer using the same car as in the AM to work Pickup of ground\air. The above was my CEO for the day suggestions. I have a sixth idea. We need to work with our people to find a good long term solution for the pension problem covered by Teamster plans. I am not suggesting a bail out. But our people who have worked long and hard deserve a comfortable retirement. I truly believe that enough money was set aside for a good pension for our people but it has been mismanaged. For too long UPS management wasn't involved in sitting on the boards of the Teamster pension plans. I don' t know the answer. But this needs to be dealt with immediately.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 144416, member: 4886"] OK, I'm not Tie, but I am a manager and I have a few ideas I'd like to throw out. #1. Increase capacity in our hubs. We need some new hub facilities in key areas that can process large amounts of volume per hour to handle the growth we need in our ground network. The new hubs we build need to be automated for many reasons including reducing the need of PT hourly which we usually have in short supply. #2. Increase capacity in our Air network. We have intentionally not bid on certain contracts because our air network couldn't handle the extra volume. Granted this was a customer that is a retail customer so the volume would have been huge at peak, which is a strained system as it is. Capacity is needed in terms of both lift (total pkgs we can handle) and in pickup time. By pickup I mean additional small gateways so that our pkg ctrs in some areas can have later pickup times to compete with FDX. #3. Dividend. To pay for the above 2 items, I would have brought the dividend back to where it was (almost 1/2). I'd rather take the money spent in dividends and put it back into long term investment in the company. This will pay off in long term dividends for UPS vs short term cash dividends. #4. Conference Calls - Get rid of more then half of them. Most operations mgrs in the centers don't pay attention to them since they are a rehash of what they already know. (at least for the good ones). Let the mgrs spend more time on running and growing their business. #5. This last one wouldn't be popular. But I'd want to get more PT Drivers. We have a great need based on our customers demand of early delivery and late pickup. I'd want to have a PT driver work to deliver both ground and air in the morning. Another PTer using the same car as in the AM to work Pickup of ground\air. The above was my CEO for the day suggestions. I have a sixth idea. We need to work with our people to find a good long term solution for the pension problem covered by Teamster plans. I am not suggesting a bail out. But our people who have worked long and hard deserve a comfortable retirement. I truly believe that enough money was set aside for a good pension for our people but it has been mismanaged. For too long UPS management wasn't involved in sitting on the boards of the Teamster pension plans. I don' t know the answer. But this needs to be dealt with immediately. [/QUOTE]
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