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The Latest UPS Headlines
Should UPS be concerned about Amazon's order of 20,000 vans?
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<blockquote data-quote="Returntosender" data-source="post: 3728767" data-attributes="member: 29240"><p><a href="https://www.yahoo.com/finance/news/upss-7-billion-spending-spree-202425120.html" target="_blank">UPS's $7 Billion-a-Year Spending Spree Reaches a Moment of Truth</a></p><p><span style="font-size: 22px"></span></p><p><span style="font-size: 22px"><strong>“They’re playing catch-up to a degree to FedEx in the automation game,’’ said Rick Paterson, an analyst at Loop Capital. UPS’s capital spending was between $2 billion and $3 billion a year from 2013 to 2015. FedEx, which began its short-distance delivery service a couple of decades ago, spent an average of $5.1 billion over the past three years.</strong></span></p><p><span style="font-size: 22px"></span></p><p><span style="font-size: 22px"><strong>Beyond FedEx, UPS also faces a challenge from the U.S. Postal Service, which runs unprofitably. Meanwhile, Amazon.com Inc., which had an operating margin of 2.3 percent last year, is creating its own delivery service and has ordered 20,000 vans to help independent contractors to build that network. Amazon is a big UPS customer.</strong></span></p><p><span style="font-size: 22px"></span></p><p><span style="font-size: 22px"><strong>FedEx relies largely on contract drivers who make about $20 an hour, usually with few benefits. Amazon is following that model. UPS’s drivers belong to the Teamsters union and eventually could make more than $40 an hour plus health and retirement benefits under a five-year contract that is up for vote</strong></span></p><p><span style="font-size: 22px"></span></p><p><span style="font-size: 22px"></span></p><p><span style="font-size: 22px"><strong><a href="https://www.yahoo.com/finance/news/upss-7-billion-spending-spree-202425120.html" target="_blank">UPS's $7 Billion-a-Year Spending Spree Reaches a Moment of Truth</a></strong></span></p><p><span style="font-size: 22px"></span></p></blockquote><p></p>
[QUOTE="Returntosender, post: 3728767, member: 29240"] [URL="https://www.yahoo.com/finance/news/upss-7-billion-spending-spree-202425120.html"]UPS's $7 Billion-a-Year Spending Spree Reaches a Moment of Truth[/URL] [SIZE=6] [B]“They’re playing catch-up to a degree to FedEx in the automation game,’’ said Rick Paterson, an analyst at Loop Capital. UPS’s capital spending was between $2 billion and $3 billion a year from 2013 to 2015. FedEx, which began its short-distance delivery service a couple of decades ago, spent an average of $5.1 billion over the past three years.[/B] [B][/B] [B]Beyond FedEx, UPS also faces a challenge from the U.S. Postal Service, which runs unprofitably. Meanwhile, Amazon.com Inc., which had an operating margin of 2.3 percent last year, is creating its own delivery service and has ordered 20,000 vans to help independent contractors to build that network. Amazon is a big UPS customer.[/B] [B][/B] [B]FedEx relies largely on contract drivers who make about $20 an hour, usually with few benefits. Amazon is following that model. UPS’s drivers belong to the Teamsters union and eventually could make more than $40 an hour plus health and retirement benefits under a five-year contract that is up for vote[/B] [B][/B] [B][URL='https://www.yahoo.com/finance/news/upss-7-billion-spending-spree-202425120.html']UPS's $7 Billion-a-Year Spending Spree Reaches a Moment of Truth[/URL][/B] [/SIZE] [/QUOTE]
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