robdeadstock
Member
And most of you "YES" MEN VOTED YES.... Smh. Way to go STINK.....er and the rest of the yes men
UPS MORE THAN DOUBLES 3rd Q PROFIT!!
- Thread starter robdeadstock
- Start date
Delivered
Well-Known Member
Your point? Are you saying I caused UPS to double profits? How dare they make money!!! Robert, talk to a broker about your dead stock. Something tells me your a bit simple minded.
PT Car Washer
Well-Known Member
Now they are going to start thinking the plan is working. We are so screwed.
Thanks.
I think he had help comprehending the headline.
Anonymous 10
Guest
I voted yes. Do you think I should die??
Anonymous 10
Guest
I made 2300bucks this week.
Gotta love the holiday pay!!!
PT Car Washer
Well-Known Member
It is not even peak yet.
Anonymous 10
Guest
That's with no bonus. I can't get that
. It's old fashioned bonus.
kingOFchester
Well-Known Member
Some key points not to be missed:
"The company added that it plans to hire 55,000 workers to handle the crush of packages around the holidays — about the same as the last two years"
Ok, lets read on:
"It expects peak-season daily volume to rise 8 percent over 2012"
Lets do the math, same amount of seasonal workers, but 8 percent more volume = screwed.
Keep in mind this year is the shortest period between Thanksgiving and Christmas = Double screwed.
"United Parcel Service Co. said that net income in the third quarter soared to $1.10 billion, or $1.16 per share. That was a penny better than analysts expected and an improvement over the $469"
Sounds like UPS just doubled net income from 3q 2012 that was only 469 million, but lets read on.
"The 2012 figure would have been $1.06 per share without a $559 million pension-restructuring charge."
A little math, take the 469 million and add that to the one time charge of 559 million, and the 3q for 2012 net income would of been a little over 1 billion. That would mean that the true increase, minus the one time pension charge, means that 2013 rose 3q net income by a little over 6%.
"UPS delivered more than 1 billion packages in the quarter, an increase of 4.6 percent"
4.6% increase in volume. So the 6% in net income is not shabby.
"FedEx Corp. predicted volumes on peak December days will rise by double-digit percentages over last year."
Here is the big problem
"UPS executives said that this year's late Thanksgiving holiday, Nov. 28, will be a challenge. Cramming holiday shipments into fewer days could make the network run more efficiently"
So, UPS executives will be cramming 8% more work then last years peak, in a shorter period, with the same workforce used the last two peaks.........Back up the truck, we will be making a fortune as drivers this year.
"The company added that it plans to hire 55,000 workers to handle the crush of packages around the holidays — about the same as the last two years"
Ok, lets read on:
"It expects peak-season daily volume to rise 8 percent over 2012"
Lets do the math, same amount of seasonal workers, but 8 percent more volume = screwed.
Keep in mind this year is the shortest period between Thanksgiving and Christmas = Double screwed.
"United Parcel Service Co. said that net income in the third quarter soared to $1.10 billion, or $1.16 per share. That was a penny better than analysts expected and an improvement over the $469"
Sounds like UPS just doubled net income from 3q 2012 that was only 469 million, but lets read on.
"The 2012 figure would have been $1.06 per share without a $559 million pension-restructuring charge."
A little math, take the 469 million and add that to the one time charge of 559 million, and the 3q for 2012 net income would of been a little over 1 billion. That would mean that the true increase, minus the one time pension charge, means that 2013 rose 3q net income by a little over 6%.
"UPS delivered more than 1 billion packages in the quarter, an increase of 4.6 percent"
4.6% increase in volume. So the 6% in net income is not shabby.
"FedEx Corp. predicted volumes on peak December days will rise by double-digit percentages over last year."
Here is the big problem
"UPS executives said that this year's late Thanksgiving holiday, Nov. 28, will be a challenge. Cramming holiday shipments into fewer days could make the network run more efficiently"
So, UPS executives will be cramming 8% more work then last years peak, in a shorter period, with the same workforce used the last two peaks.........Back up the truck, we will be making a fortune as drivers this year.
robdeadstock
Member
My opinion is STINKER AND 407 sellout VOTED YES FOR CONCESSIONS!! Are you 2 O's only 2 cheerleaders? Still a VOTE NO in my local and going strong!! WE WILL get a better offer and our piece of the pie!!
Anonymous 10
Guest
Also ups is holding on to our raises in the bank collecting interest. That helps
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