UPS also has some very high legacy costs which Amazon does not
And the Amazon has a ton more money than Brown does
Well it looks like Amazon might be starting
- Thread starter TTLS1
- Start date
And the Amazon has a ton more money than Brown does
Just A UPS Guy
Bully.
Right, which is why I say that Amazon could do significant damage to any and all shipping/delivery competitors.
They want to take over the world!
AmazonDeliveryBoy
Member
FedEx, UPS face 'shipageddon' with potential shortfall of 7 million packages a day over holiday season
“If you're shopping out there, we really encourage you to shop and ship early and really that means now,” said a FedEx executive.
www.nbcnews.com
Dump it on the post office, let them take the blame, problem solved.
Just A UPS Guy
Bully.
The far-reaching hand of Bezos is friend-ing unreal.
It sure is.
AKCoverMan
Well-Known Member
The e-commerce boom is not slowing down anytime soon. I’ve been watching this chart put out by the US Census Bureau for a decade now..
The total number of packages has been on a steady growth curve until 2Q2020 when we spiked up in the face of covid19. So Amazon can take a slice of the pie but the pie is growing so fast we can’t seem to keep up.
Market forces are pushing more players into Amazon’s world, heck we are picking up trailers from our local target here in Alaska! So losing Amazon will not hurt if it happens. More likely will be market by market and we may still see some items when they have to come from a different warehouse or whatever.
The total number of packages has been on a steady growth curve until 2Q2020 when we spiked up in the face of covid19. So Amazon can take a slice of the pie but the pie is growing so fast we can’t seem to keep up.
Market forces are pushing more players into Amazon’s world, heck we are picking up trailers from our local target here in Alaska! So losing Amazon will not hurt if it happens. More likely will be market by market and we may still see some items when they have to come from a different warehouse or whatever.
AKCoverMan
Well-Known Member
Why would we stop doing Amazon call tags? We get paid for every one of them even if they end up not sending a package...
Zowert
Well-Known Member
So glad I became a bid driver not too long ago.
Nobody is safe if you're on the bottom of the list
AKCoverMan
Well-Known Member
Market cap is not the amount of money a company has on hand to spend it’s simply a formula (stock price times number of shares outstanding). It’s interesting tool but not the number your looking for here.
The two companies balance sheets show UPS and Amazon both have billions in cash reserves as well as billions in long term debt and leases. No significance advantage, I don’t see Amazon somehow pushing UPS, FexEx, and the post office out.
Zowert
Well-Known Member
I’m far from the bottom but I’m nowhere near the top. I thought bid drivers would be safe unless they start cutting routes..? The route I won has been around longer than the majority at my center. I know that doesn’t matter, I’m just curious how pink slips would be issued during massive layoffs.
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unlike UPS Amazon will spend whatever they have to to beat the competition down
Nobody at the bottom is safe when I start cutting routes
AKCoverMan
Well-Known Member
And ultimately that may be their downfall.
It's been 15 billion dollars on whole foods with a stock deal and the following day your stock price went up double that
Dear Diary
UPS PC Slave
Market Cap is public shares x share price. Has no bearing on how much money a company has.
For comparison, a testing company I'm invested in has a market cap of 600 million. They have 12-15 employees and have yet to make a single dollar. The entirety of the company is running off a 4 million loan.
