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UPS to become the Sears & Robuck Of shipping??
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<blockquote data-quote="worldwide" data-source="post: 5118420" data-attributes="member: 2193"><p>Where does this info come from? UPS does not break out any financials on the specific source of their profits so I'm curious where this info is from. UPS has only said they've delivered more than 1 billion vaccine doses but there's no way to know what that actually equals in terms of packages (a lot of the vaccines have been sent via air freight on pallets). Operating profit in Q3 was $2.9B ($1.4B from domestic US, $1B from int'l and $0.5B from supply chain) - how much of that was from moving vaccines? Only UPS knows that.</p><p></p><p>Based on their investor relations reports, UPS increased profits and volume growth are coming from SMB (small/medium businesses) and international operations. SMB volume was up just under 11% in Q3 and int'l just about 4%. Both of those groups have high revenue per piece and high profit margins. UPS is shedding customers with massive discounts that produce marginal profits (Fedex is doing the same thing). That's the whole point of "better not bigger". UPS is also taking NDA market share from Fedex, again focusing on higher margin shipments.</p></blockquote><p></p>
[QUOTE="worldwide, post: 5118420, member: 2193"] Where does this info come from? UPS does not break out any financials on the specific source of their profits so I'm curious where this info is from. UPS has only said they've delivered more than 1 billion vaccine doses but there's no way to know what that actually equals in terms of packages (a lot of the vaccines have been sent via air freight on pallets). Operating profit in Q3 was $2.9B ($1.4B from domestic US, $1B from int'l and $0.5B from supply chain) - how much of that was from moving vaccines? Only UPS knows that. Based on their investor relations reports, UPS increased profits and volume growth are coming from SMB (small/medium businesses) and international operations. SMB volume was up just under 11% in Q3 and int'l just about 4%. Both of those groups have high revenue per piece and high profit margins. UPS is shedding customers with massive discounts that produce marginal profits (Fedex is doing the same thing). That's the whole point of "better not bigger". UPS is also taking NDA market share from Fedex, again focusing on higher margin shipments. [/QUOTE]
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