More parcels, higher prices lift UPS profit but costs soar

Discussion in 'The Latest UPS Headlines' started by cheryl, Apr 26, 2018.

  1. cheryl

    cheryl I started this. Staff Member

    More parcels, higher prices lift UPS profit but costs soar - Reuters

    United Parcel Service Inc (UPS.N) reported higher first-quarter net profit on Thursday, driven by strong package volumes in its core U.S. segment, but higher costs from Saturday delivery and nasty winter weather weighed on the bottom line.

    Shares were up 2.2 percent in morning trade after the world’s largest package delivery company said revenue increased 10 percent to $17.1 billion in the first quarter from a year ago, topping analyst expectations of $16.47 billion.

    Revenue at its core U.S. package service rose 7.2 percent to $10.2 billion from a year-ago, driven by a 4.6-percent rise in parcel volumes that reflected growth of online purchases.
     
  2. Old Man Jingles

    Old Man Jingles Rat out of a cage

    UPS beat the street by $0.01 with internal costs rising.
    It's going to be hard to continue growth in earnings.
     
  3. SolidWoodPanel

    SolidWoodPanel Probably the Greatest American Alive

    Peak is now year round. No more vacations.
     
  4. Turdferguson

    Turdferguson Just a turd

    You neglected to mention the cost of the bad weather in the bottom line also. I know it may suprise you but not everything is the fault of what you call the over payed full timers
     
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  5. 1989

    1989 Well-Known Member

    UPS, seen as an indicator of U.S. economic strength and consumer demand, reaffirmed its 2018 earnings per share range of $7.03 to $7.37 and maintained its 2018 spending plan of between $6.5 billion to $7 billion on network improvements like new technology and automating its parcel sorting hubs.



    Sounds like ups is not anticipating a strike. Or it will be business as usual due to automated sorting hubs.
     
  6. Crash-n-Burn

    Crash-n-Burn Over/under

    If weather added cost, then the whole industry experienced it. Non story
     
  7. upschuck

    upschuck Well-Known Member

    Maybe we should add a surcharge for weather related problems.
     
  8. Crash-n-Burn

    Crash-n-Burn Over/under

    Works for me
     
  9. Indecisi0n

    Indecisi0n Well-Known Member

    And apply it to sunny problem free days.
     
  10. upschuck

    upschuck Well-Known Member

    Sounds legit
     
  11. Old Man Jingles

    Old Man Jingles Rat out of a cage

    Must have taken your nighttime meds for you to hallucinate my having said or implied that!
     
  12. Turdferguson

    Turdferguson Just a turd

    Just going off your previous hate filled posts directed at the overworked, unappreciated UPS full timers
     
  13. Turdferguson

    Turdferguson Just a turd

    "Internal cost" code for full timers.
     
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  14. Old Man Jingles

    Old Man Jingles Rat out of a cage

    I think the :poop: has gone to your head! LOL
     
  15. Tired Driver

    Tired Driver Sisyphus had it easy.

    Or good it be the bonuses and raises that the board received?
     
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  16. Old Man Jingles

    Old Man Jingles Rat out of a cage

    It good be!
     
  17. oldngray

    oldngray nowhere special

    [​IMG]
     
  18. Old Man Jingles

    Old Man Jingles Rat out of a cage

    But he's a Tired Driver.
     
  19. OrionsBitch

    OrionsBitch Not...

    Every company deals with the same bad weather. The advantages come from wage differences. Just saying. Amazon and FedEx pay peanuts. It WILL be a major advantage in the long run. You can't deny that. Why do you think there is such a push for wage changes in this next contract? Because UPs recognizes the pensions and wages as an extreme hindrance to their growth.
     
  20. Turdferguson

    Turdferguson Just a turd

    The only thing hindering UPS profits are the razor thin margin on all the residential deliveries . Stop density