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UPS MORE THAN DOUBLES 3rd Q PROFIT!!
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<blockquote data-quote="kingOFchester" data-source="post: 1214194" data-attributes="member: 11246"><p>Some key points not to be missed:</p><p><span style="color: #0000cd"></span></p><p><span style="color: #0000cd"><span style="font-size: 12px"><em>"The company added that it plans to hire 55,000 workers to handle the crush of packages around the holidays —<strong> about the same as the last two years</strong>"</em></span></span></p><p>Ok, lets read on:</p><p></p><p><span style="color: #0000cd"><span style="font-size: 12px"><em>"It expects peak-season daily volume to rise <strong>8 percent</strong> over 2012"</em></span></span></p><p>Lets do the math, same amount of seasonal workers, but 8 percent more volume = screwed.</p><p>Keep in mind this year is the shortest period between Thanksgiving and Christmas = Double screwed.</p><p><span style="color: #0000ff"></span></p><p><span style="color: #0000ff"><span style="font-size: 12px"><em>"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"</em></span></span></p><p>Sounds like UPS just doubled net income from 3q 2012 that was only 469 million, but lets read on.</p><p><span style="font-size: 12px"></span></p><p><span style="font-size: 12px"><span style="color: #0000cd"><em>"The 2012 figure would have been $1.06 per share without a <strong>$559 million pension-restructuring charge.</strong></em>"</span></span></p><p>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%.</p><p><em></em></p><p><em><span style="color: #0000cd"><span style="font-size: 12px">"UPS delivered more than 1 billion packages in the quarter, an increase of 4.6 percent"</span></span></em></p><p>4.6% increase in volume. So the 6% in net income is not shabby.</p><p><span style="font-size: 12px"></span></p><p><span style="font-size: 12px"><span style="color: #0000cd">"<em>FedEx Corp. predicted volumes on peak December days will rise by double-digit percentages over last year.</em>"</span> </span></p><p><span style="font-size: 12px"></span>Here is the big problem</p><p><span style="font-size: 12px"></span></p><p><span style="font-size: 12px"><span style="color: #0000cd">"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"</span></span></p><p>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.</p></blockquote><p></p>
[QUOTE="kingOFchester, post: 1214194, member: 11246"] Some key points not to be missed: [COLOR=#0000cd] [SIZE=3][I]"The company added that it plans to hire 55,000 workers to handle the crush of packages around the holidays —[B] about the same as the last two years[/B]"[/I][/SIZE][/COLOR] Ok, lets read on: [COLOR=#0000cd][SIZE=3][I]"It expects peak-season daily volume to rise [B]8 percent[/B] over 2012"[/I][/SIZE][/COLOR] 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. [COLOR=#0000ff] [SIZE=3][I]"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"[/I][/SIZE][/COLOR] Sounds like UPS just doubled net income from 3q 2012 that was only 469 million, but lets read on. [SIZE=3] [COLOR=#0000cd][I]"The 2012 figure would have been $1.06 per share without a [B]$559 million pension-restructuring charge.[/B][/I]"[/COLOR][/SIZE] 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%. [I] [COLOR=#0000cd][SIZE=3]"UPS delivered more than 1 billion packages in the quarter, an increase of 4.6 percent"[/SIZE][/COLOR][/I] 4.6% increase in volume. So the 6% in net income is not shabby. [SIZE=3] [COLOR=#0000cd]"[I]FedEx Corp. predicted volumes on peak December days will rise by double-digit percentages over last year.[/I]"[/COLOR] [/SIZE]Here is the big problem [SIZE=3] [COLOR=#0000cd]"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"[/COLOR][/SIZE] 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. [/QUOTE]
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