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<blockquote data-quote="Channahon" data-source="post: 456996" data-attributes="member: 7666"><p><strong>This article may have some answers to your questions. </strong></p><p> </p><p><strong>UPS won’t project peak-day package volume</strong></p><p> </p><p> </p><p>By Harry R. Weber • Associated Press • November 16, 2008</p><p> </p><p>ATLANTA — Weak October retail sales and the uncertainty of the upcoming holiday season amid the worst financial crisis to hit the U.S. in decades have prompted shipping giant UPS to decide not to release a projection for the number of packages it expects to deliver on its busiest day of the year.</p><p> </p><p>It’s the first year since the world’s largest shipping carrier went public in 1999 that it won’t make that projection, spokesman Norman Black said. The company had been scheduled to discuss its peak projection during an online news conference Tuesday, but that has been canceled, Black said. </p><p> </p><p>The Atlanta-based company also will not project how many seasonal employees it will hire this year to help it through the holiday shipping season, Black said. </p><p> </p><p>Louisville and its Worldport sorting hub are a major part of holiday shipping at UPS. The company said last month that it expected to hire about 900 local seasonal workers this year — down from 1,100 in 2007. Company spokesman Mike Mangeot said Sunday that the local hiring estimate hasn’t changed. UPS employs about 20,500 people locally.</p><p> </p><p>Last year, UPS delivered more than 22 million packages on its peak shipping day, which was Dec. 19, and it hired about 60,000 seasonal employees globally. </p><p> </p><p>UPS has roughly 425,000 employees worldwide, 358,000 of whom are in this country.</p><p> </p><p><strong>“This year, early indicators — such as the just-reported 2.8 percent drop in October retail sales — are making any projection difficult” for the holiday season, Black said. “So while it is a bit unusual for UPS not to make peak projections, these are unusual times for the U.S. economy.”</strong></p><p> </p><p>He said, “We’re just not comfortable making public projections this year.”</p><p> </p><p>UPS reported last month that its third-quarter profit fell nearly 10 percent. It also projected its full-year earnings per share will come in toward the lower end of the guidance of $3.50 to $3.70 it gave in July. <strong>It warned that U.S. shipping volume would be down about 4 percent in the fourth quarter, which includes the holiday shipping period.</strong></p><p> </p><p>Separately, UPS has been hoping to complete an agreement with DHL by the end of the year that would involve UPS carrying some of DHL’s air packages. However, on Nov. 10, Deutsche Post AG, the German parent of DHL, said it will no longer offer U.S. domestic-only air and ground services as of Jan. 30, though international shipping to and from the U.S. will continue.</p><p> </p><p>The decision could lead to higher shipping prices and greatly scale back the possible venture between UPS and DHL, the fourth-largest shipper of packages in the U.S. DHL, which has been hit by heavy losses and fierce competition, is cutting 9,500 American jobs.</p><p> </p><p> </p><p><strong>Having been gone for a while, here's my perspective on the volume projections for this peak season</strong>.</p><p> </p><p>Peak volume is based on historical data, meaning data from last peak was used, index the economy, and consumer spending, the projections are estimated by center, division and district.</p><p> </p><p>Understanding the state of the economy, and how dismal the retail reports were for this year, add to that massive layoffs that came after the Wall St meltdown, the Big 3 auto issues, foreclosures and mall stores going out of business. Many consumers expressed concern about spending what money they had on Christmas gifts. </p><p> </p><p>DHL leaving the ground business would be another factor, in both ground and international, however, that volume could have either gone to UPS or FedEx.</p><p> </p><p>If you remember UPS did not even publicly state what they thought peak volume would be this year, the first time ever since 1978, that I can remember.</p><p> </p><p>Has anyone heard what the peak volume was for 2008 as opposed to projected volume, because I haven't seen or heard anything in a press release</p></blockquote><p></p>
[QUOTE="Channahon, post: 456996, member: 7666"] [B]This article may have some answers to your questions. [/B] [B]UPS won’t project peak-day package volume[/B] By Harry R. Weber • Associated Press • November 16, 2008 ATLANTA — Weak October retail sales and the uncertainty of the upcoming holiday season amid the worst financial crisis to hit the U.S. in decades have prompted shipping giant UPS to decide not to release a projection for the number of packages it expects to deliver on its busiest day of the year. It’s the first year since the world’s largest shipping carrier went public in 1999 that it won’t make that projection, spokesman Norman Black said. The company had been scheduled to discuss its peak projection during an online news conference Tuesday, but that has been canceled, Black said. The Atlanta-based company also will not project how many seasonal employees it will hire this year to help it through the holiday shipping season, Black said. Louisville and its Worldport sorting hub are a major part of holiday shipping at UPS. The company said last month that it expected to hire about 900 local seasonal workers this year — down from 1,100 in 2007. Company spokesman Mike Mangeot said Sunday that the local hiring estimate hasn’t changed. UPS employs about 20,500 people locally. Last year, UPS delivered more than 22 million packages on its peak shipping day, which was Dec. 19, and it hired about 60,000 seasonal employees globally. UPS has roughly 425,000 employees worldwide, 358,000 of whom are in this country. [B]“This year, early indicators — such as the just-reported 2.8 percent drop in October retail sales — are making any projection difficult” for the holiday season, Black said. “So while it is a bit unusual for UPS not to make peak projections, these are unusual times for the U.S. economy.”[/B] He said, “We’re just not comfortable making public projections this year.” UPS reported last month that its third-quarter profit fell nearly 10 percent. It also projected its full-year earnings per share will come in toward the lower end of the guidance of $3.50 to $3.70 it gave in July. [B]It warned that U.S. shipping volume would be down about 4 percent in the fourth quarter, which includes the holiday shipping period.[/B] Separately, UPS has been hoping to complete an agreement with DHL by the end of the year that would involve UPS carrying some of DHL’s air packages. However, on Nov. 10, Deutsche Post AG, the German parent of DHL, said it will no longer offer U.S. domestic-only air and ground services as of Jan. 30, though international shipping to and from the U.S. will continue. The decision could lead to higher shipping prices and greatly scale back the possible venture between UPS and DHL, the fourth-largest shipper of packages in the U.S. DHL, which has been hit by heavy losses and fierce competition, is cutting 9,500 American jobs. [B]Having been gone for a while, here's my perspective on the volume projections for this peak season[/B]. Peak volume is based on historical data, meaning data from last peak was used, index the economy, and consumer spending, the projections are estimated by center, division and district. Understanding the state of the economy, and how dismal the retail reports were for this year, add to that massive layoffs that came after the Wall St meltdown, the Big 3 auto issues, foreclosures and mall stores going out of business. Many consumers expressed concern about spending what money they had on Christmas gifts. DHL leaving the ground business would be another factor, in both ground and international, however, that volume could have either gone to UPS or FedEx. If you remember UPS did not even publicly state what they thought peak volume would be this year, the first time ever since 1978, that I can remember. Has anyone heard what the peak volume was for 2008 as opposed to projected volume, because I haven't seen or heard anything in a press release [/QUOTE]
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