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UPS Union Issues
Volume Up or Down with Covid19 ???
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<blockquote data-quote="Socrates" data-source="post: 4435921" data-attributes="member: 36964"><p>I would certainly HOPE they didn't push the progression back to 4 years, along with hiring all these 22.4 drivers, just to have their margins be smaller and smaller and smaller, even with the drastic increase in highly-profitable Air and International shipments. That would represent a monumental failure in leadership which, fortunately, isn't borne out by UPS's most recent financials.</p><p></p><p>Revenue is definitely down, no doubt about it, along with profit. But UPS still has plenty of profit to go around. What FedEx and USPS are agitating for is 0% interest loans, rather than those companies having to go out into the market and pay 2-4% or more. "Why pay for something when you can get it for free", so to speak. But while this shutdown continues, people with means are buying more and more crap (furniture, video games, home fitness equipment, clothing, etc) and the people who aren't working are, let's face it, not the type that buy lots of crap anyways (movie theater workers, Casino workers, Handymen, etc) - they're the more impulsive types who want it RIGHT NOW, they can't wait for Next Day or Ground delivery.</p><p></p><p>Once the Tech industry starts laying off people by the thousands, THEN I'll be worried. But, then again, with more and more people working from home - and the onus we'll have in late 2020/early 2021 to <strong>KEEP</strong> many of those jobs remote, indefinitely - we'll need new technology, hardware/software and apps/websites, so I don't think tech jobs are going anywhere. For now. Transportation/Aerospace/Carmakers/etc are another question, they can't hold out much longer. Discretionary Cash industries like travel/tourism, entertainment parks, beauty salons, etc, are getting brutalized right now.</p></blockquote><p></p>
[QUOTE="Socrates, post: 4435921, member: 36964"] I would certainly HOPE they didn't push the progression back to 4 years, along with hiring all these 22.4 drivers, just to have their margins be smaller and smaller and smaller, even with the drastic increase in highly-profitable Air and International shipments. That would represent a monumental failure in leadership which, fortunately, isn't borne out by UPS's most recent financials. Revenue is definitely down, no doubt about it, along with profit. But UPS still has plenty of profit to go around. What FedEx and USPS are agitating for is 0% interest loans, rather than those companies having to go out into the market and pay 2-4% or more. "Why pay for something when you can get it for free", so to speak. But while this shutdown continues, people with means are buying more and more crap (furniture, video games, home fitness equipment, clothing, etc) and the people who aren't working are, let's face it, not the type that buy lots of crap anyways (movie theater workers, Casino workers, Handymen, etc) - they're the more impulsive types who want it RIGHT NOW, they can't wait for Next Day or Ground delivery. Once the Tech industry starts laying off people by the thousands, THEN I'll be worried. But, then again, with more and more people working from home - and the onus we'll have in late 2020/early 2021 to [B]KEEP[/B] many of those jobs remote, indefinitely - we'll need new technology, hardware/software and apps/websites, so I don't think tech jobs are going anywhere. For now. Transportation/Aerospace/Carmakers/etc are another question, they can't hold out much longer. Discretionary Cash industries like travel/tourism, entertainment parks, beauty salons, etc, are getting brutalized right now. [/QUOTE]
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