UPS profit beats expectations as demand for next day service surges

Discussion in 'The Latest UPS Headlines' started by cheryl, Jul 24, 2019.

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  1. cheryl

    cheryl I started this. Staff Member

    UPS profit beats expectations as demand for next day service surges - Reuters

    United Parcel Service Inc (UPS.N) said on Wednesday a jump in demand for its Next Day Air service drove better-than-expected profit in the second quarter as large retailers rushed packages to online shoppers.

    Shares of UPS jumped 8.6% to $114.33 in midday trading as the world’s biggest package delivery company also reiterated its 2019 forecast and said it was taking U.S. air volume from rivals.

    UPS has been spending billions of dollars to modernize its network. Those investments - which include more automated package sorting facilities and new cargo planes - are helping to contain the cost of delivering small numbers of e-commerce packages to far-flung home addresses.
     
  2. Richard Harrow

    Richard Harrow Deplorable.

    So when do we start charging Amazon what we should be charging them?
     
  3. ManInBrown

    ManInBrown Well-Known Member

    We could have put them out of business 10 years ago. They wouldve drowned in their own vomit trying to deliver all their crap without us. Now theyre still in business, and a viable competitor because of us. Great job UPS executives. Mind boggling that they dont call Amazon today and tell them, you are paying full freight or we are done.

    Another thing i dont understand is why we dont become an Amazon. We have the network. Buy warehouses and start selling crap just like they do. We probably already own buildings that arent being utilized.
     
  4. Poop Head

    Poop Head Lovin' every minute of it!

    More volume = more jobs

    More stop density = smaller routes

    Gimme all the amazon
     
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  5. The Driver

    The Driver I drive.

    How much do we charge them? Serious question. Does anyone know?
     
  6. Poop Head

    Poop Head Lovin' every minute of it!

    3 halfpennies
     
  7. I understand more volume = more jobs. I get that part.

    But more stop density = smaller routes? How? The more stops you have, the longer it takes to deliver, no?
     
  8. The Driver

    The Driver I drive.

    And the longer it takes to deliver, the smaller the area generally will be so driver's don't go over hours.
     
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  9. Less driving and more hours that are closer together.
     
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  10. badpal

    badpal Active Member

    Thier big income comes from technology and cloud services. Not sure how much profit there is peddling thier stuff.