MIP GUESS? Q3 Update?

Discussion in 'UPS Partners' started by jeepguy63, Oct 28, 2018.

  1. jeepguy63

    jeepguy63 Member

    Since this is the partner’s forum- what are the guesses for the MIP update?

    Outside of service, we should be at or above target on all of the elements.

    My prediction: While wringing his hands, CFO will say a range of 80-100 - but it depends on peak season execution.

    My prediction for peak season execution: Same as the last several years. Flood the system with over capacity volume at prices lower than other business would charge and in January wonder why we don’t make profit. MIP ends up being the slush fund that gets raided to plug Wall Street’s minimally acceptable profit range.
    Based on the comments and guidance from the Q3 release, profits will go up 15% in Q4 vs last year. Question - how? Without the change in corporate tax rates, last Quarter was negative vs last year.

    Amazing how Uber, Ticketmaster, and most other businesses understand pricing and capacity, but UPS continues to give away its capacity and service during peak.
     
  2. burrheadd

    burrheadd KING Of GIFS

    Outside of service, we should be at or above target on all of theelements.

    So you’re really good at all the other BS
    But the one that matters you’re not so good at
     
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  3. tino1

    tino1 Member

    Lol UPS hasn’t figured it out yet the most important element is service. If you want to charge a premium for a sub par service customers are leaving. We think we can manage everything through cost reduction but now the sales force that used to deal with the customers are being cut. In addition a new directive just came down the bottom 15 or 20 % in sales performance May be let go with severance from what I understand their was a mandatory call with all the sales teams
     
  4. burrheadd

    burrheadd KING Of GIFS

    Sounds like the fire has been lit

    Produce or move on

    I like it
     
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  5. Lineandinitial

    Lineandinitial Active Member

    WRONG!! The most important element is YOUR PEOPLE; but these numbskulls will never figure that out! The idiots coming up are mindless followers that behave worse than the people they've replaced!
     
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  6. RetiredIE

    RetiredIE Member

    I agree. Toxic work environment topped with corporate happy talk. Management vs Hourly...Management vs Management. No longer a team or partnership. Us vs them at every level. You can trace all of this back to the day UPS went public.
     
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  7. FrigidFTSup

    FrigidFTSup Resident Suit

    We’re doing more to protect the system and build capacity than we ever have...what the hell are you talking about?
     
  8. What'dyabringmetoday???

    What'dyabringmetoday??? Well-Known Member

    No doubt- portable units getting attached to the side of buildings all over America. Lol.
     
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  9. Poop Head

    Poop Head Lovin' every minute of it!

    In classic ups style, they are putting the heavy routes out there, where there is no room for the loaders to stack out. Brilliant!
     
  10. brownIEman

    brownIEman Well-Known Member

    Not to mention the billions in new and updated buildings opening and new vehicles and aircraft purchases.
    Someone has not been paying attention.
     
  11. brownIEman

    brownIEman Well-Known Member

    It's peak. All the routes will be heavy, might as well get used to it.

    Not for nothing but most buildings I saw you could actually get more room on an MDU than on a regular pen.
     
    Last edited: Nov 22, 2018
  12. brownIEman

    brownIEman Well-Known Member

    Happy Thanksgiving!
     
  13. nedroc

    nedroc New Member

    Since we stopped buying papers, paper clips, staples, pens and Pizza, I believe the MIP is going to be fantastic. close to 60%. I could not imagine what it would be if we were still buying pizza and bagels. That woudl be horrific to witness. I wish the founders had put windows in the office, we could have shut down the electiricty. Imagine the savings the, and the MIP factor. SKy high...
     
  14. What'dyabringmetoday???

    What'dyabringmetoday??? Well-Known Member

    What's your opinion now? Asking for a friend. Lol.
     
  15. Poop Head

    Poop Head Lovin' every minute of it!

    What do you guys think the MIP factor would be if ups never went down the Orion rabbit hole?
     
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  16. brownIEman

    brownIEman Well-Known Member

    Sounds like the billions spent on new planes and updated hubs (not to mention the 8.2 plan) did not achieve the cost savings through efficiency they hoped for.

    So now they are going to get the ROI from those billions by not buying office supplies.

    Which is clearly a totally genius move!

    /S
    (I'm going leave the universal sarcasm tag here, but I'm hoping it's not really needed)
     
  17. TearsInRain

    TearsInRain IE boogeyman

    dispatchers don’t know :censored2: about load utilization
     
  18. brownIEman

    brownIEman Well-Known Member

    ... And likely wouldn't care much if they did
     
  19. Popeye

    Popeye Active Member

    I think you can 100% count on MIP getting hosed for the next few years. With the change to the vesting so the half that they keep pays out after 1 year instead of 5, they would have some big-ass payouts over the next few years. In case you haven't figured it out, big-ass payouts to anyone are not part of their plans. They will adjust current year MIP to offset the new vesting schedule. Remember where you heard it first. The only thing left to see is how Richard Peretz will spin it in his lame-ass MIP update videos.
     
  20. What'dyabringmetoday???

    What'dyabringmetoday??? Well-Known Member

    No- it was helpful. Just can't see what it is.