Discussion in 'UPS Union Issues' started by robdeadstock, Oct 25, 2013.
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 3Q profit - Yahoo Finance
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.
Rob, did you even read the report? Can someone help him out with the explanation? I'm enjoying an over priced steak dinner with bottomless Sailor Jerry on the rocks!
Now they are going to start thinking the plan is working. We are so screwed.
I think it is because of all the interest they're making off our raise we have yet to see.
I think he had help comprehending the headline.
I need to increase my discount stock deduction
I voted yes. Do you think I should die??
I made 2300bucks this week.
Most employees are also making record profits this year for themselves as well.
Gotta love the holiday pay!!!
It is not even peak yet.
That's with no bonus. I can't get that . It's old fashioned bonus.
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.
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!!
Good thing. They will need some extra to pay for the Obamacare disaster.
Also ups is holding on to our raises in the bank collecting interest. That helps
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