Nah, more about that the free covid ride is officially over. We will go back to unsexy, sub 3% growth forecasts until the next worldwide pandemic. I can see our stock going below $100 by this time next year.
UPS lost $6 billion to labor negotiations alone. That money would've helped the company better ride out the economic downturn. It was a colossal failure of leadership to drag on the negotiations as long as we did. Given the labor environment at that time, I still don't know why our negotiation committees decided to get cute and nonchalant about the damage the talks were having on our company. Now we have to cull 14% of our management Partners to subsidize the failures of our corporate + teamsters leadership. Nobody wins in this scenario.
Also I'm still getting the Tuesday morning customer complaints about late NDAs. If we have souped-up, elite operators that apparently don't need management, why is the damn Air late??!? I need a drink. Good luck to us all.