C
cheryl
Guest
Welcome thedrooler 
C
cheryl
Guest
Thanks for coming over wharey
J
jerryaeos
Guest
Varian Medical Systems spent something like $3,000,000 to $4,000,000 going after message board posters who were secretly videotaped by the company. Children too!
Seems some of the posters are now forgiving the company CEO, a Richard M. Levy for allowing the weeks of videotaping to go on and on unchecked.
Christianity is wonderful!
Seems some of the posters are now forgiving the company CEO, a Richard M. Levy for allowing the weeks of videotaping to go on and on unchecked.
Christianity is wonderful!
D
dabusdrivr
Guest
FedEx Home Delivery Expands to 90% of the Country; Dedicated Residential Delivery Service Accounts for Half of FedEx Ground's Package Growth
PITTSBURGH--(BUSINESS WIRE)--Feb. 5, 2002--Today FedEx Ground, a subsidiary of FedEx Corporation (NYSE:FDX), will open 31 additional FedEx Home Delivery operations throughout the United States, expanding the service's geographic reach to almost 90 percent of the U.S. population.
Twenty-nine of the new operations are being co-located with existing FedEx Ground facilities. (Please see page three for a complete list of expansion cities.)
This marks the third expansion in the last year for the residential delivery service that was introduced in March 2000. Designed to meet the specific shipping needs of catalogers and online retailers, FedEx Home Delivery is the only delivery service to offer such standard features as evening and weekend delivery. Strong customer response has led to an accelerated expansion plan that calls for close to 100 percent U.S. coverage by September 2002 -- more than a year ahead of the original schedule. In the last six months, the number of shippers using FedEx Home Delivery has doubled to more than 16,000.
"Our shippers and their customers continue to respond enthusiastically to FedEx Home Delivery," said Daniel J. Sullivan, president and chief executive officer of FedEx Ground. "With a record-setting holiday shipping season behind us, we're ready to take on additional volume for residential customers around the country through today's openings."
The home delivery service has been a significant contributor to FedEx Ground's double-digit package volume growth. For the most recent quarter ending Nov. 30 (2QFY02), FedEx Ground reported an 11 percent year-over-year increase in average daily packages. FedEx Home Delivery contributed half of that growth.
"Our goal at FedEx is to create products and services that provide real value to shippers who want to improve management of their supply chains," said T. Michael Glenn, president and chief executive officer of FedEx Services, the marketing, sales and information technology arm for several FedEx companies. "The rapid acceptance of FedEx Home Delivery is a clear indication that we are providing a preferred solution to our customers' needs."
Customer Advantage
This past holiday shipping season, retailers such as U.S. Toys and Williams-Sonoma took advantage of FedEx Home Delivery's cost-effective, customer-friendly residential shipping options.
The Vermont Teddy Bear Company, pioneer of the Bear-Gram(R) gift, is a residential shipper that generates about 30 percent of its annual revenues from Valentine's Day gift givers. The Shelburne, Vt.-based company plans to use FedEx Home Delivery for advance orders and FedEx Express for last-minute gift shoppers who require overnight delivery.
"The special nature of our gifts is enhanced by the unique delivery experience provided by FedEx," said Katie Camardo, director of operations for The Vermont Teddy Bear Co. "We know we can count on FedEx's on-time delivery and exceptional customer service to fulfill our customers' wishes to surprise their loved ones this year."
About FedEx Ground and FedEx Home Delivery
Launched in March 2000 by FedEx Ground, the second largest small-package ground carrier in North America, FedEx Home Delivery is the only ground service dedicated exclusively to residential delivery and the first service to offer a Money-Back Guarantee. Created in response to shipper demand for a better ground delivery solution for the residential market, FedEx Home Delivery offers the most comprehensive level of service at competitive rates. These services include standard evening and Saturday delivery and unmatched premium service options such as day-specific and guaranteed appointment.
In June 2000, FedEx Ground announced an accelerated expansion plan to achieve close to full U.S. coverage by September 2002. In the first phase of the expansion last February, FedEx Ground opened 85 FedEx Home Delivery locations, increasing the service to 70 percent of the population. The second phase came in September, with expansion to 80 percent of the U.S. population.
After today's expansion, FedEx Ground will have a network of 615 distribution hubs and local pickup-and-delivery operations throughout the United States and Canada. The company reported annual revenue of $2.2 billion in fiscal year 2001.
With annual revenues of $20 billion, FedEx Corp. (NYSE: FDX) is the premier global provider of transportation, e-commerce and supply chain management services. The company offers integrated business solutions through a network of subsidiaries operating independently, including: FedEx Express, the world's largest express transportation company; FedEx Ground, North
America's second largest provider of small-package ground delivery services; FedEx Freight, a leading provider of regional less-than-truckload freight services; FedEx Custom Critical, the world's largest provider of expedited time-critical shipments; and FedEx Trade Networks, a provider of customs brokerage, consulting, information technology and trade facilitation solutions.
All press materials related to this announcement are available on the World Wide Web at fedex.com.
Certain statements in this press release may be considered forward-looking statements, such as statements relating to management's views with respect to future events and financial performance. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, economic and competitive conditions in the markets we serve, matching capacity to volume levels and other factors which can be found in FedEx Corp.'s and its subsidiaries' press releases and filings with the SEC.
New Terminal Openings
The 31 new locations opening on Feb. 5 are based in the following
cities:
Alabama Mississippi Pennsylvania
------- ----------- ------------
Dothan Greenville DuBois
Mobile Williamsport
New Hampshire
Florida ------------- South Carolina
------- Lebanon --------------
Cocoa Littleton Florence
Ocala
Pensacola New York Tennessee
Tallahassee -------- ---------
West Palm Beach Corning Cookeville
Utica
Georgia Texas
------- North Carolina -----
Athens -------------- Corpus Christi
Augusta Elizabeth City Sherman
Columbus Wilmington
Macon Virginia
Savannah Ohio --------
Waycross ---- Fredericksburg
Chillicothe Pulaski
North Canton Roanoke
PITTSBURGH--(BUSINESS WIRE)--Feb. 5, 2002--Today FedEx Ground, a subsidiary of FedEx Corporation (NYSE:FDX), will open 31 additional FedEx Home Delivery operations throughout the United States, expanding the service's geographic reach to almost 90 percent of the U.S. population.
Twenty-nine of the new operations are being co-located with existing FedEx Ground facilities. (Please see page three for a complete list of expansion cities.)
This marks the third expansion in the last year for the residential delivery service that was introduced in March 2000. Designed to meet the specific shipping needs of catalogers and online retailers, FedEx Home Delivery is the only delivery service to offer such standard features as evening and weekend delivery. Strong customer response has led to an accelerated expansion plan that calls for close to 100 percent U.S. coverage by September 2002 -- more than a year ahead of the original schedule. In the last six months, the number of shippers using FedEx Home Delivery has doubled to more than 16,000.
"Our shippers and their customers continue to respond enthusiastically to FedEx Home Delivery," said Daniel J. Sullivan, president and chief executive officer of FedEx Ground. "With a record-setting holiday shipping season behind us, we're ready to take on additional volume for residential customers around the country through today's openings."
The home delivery service has been a significant contributor to FedEx Ground's double-digit package volume growth. For the most recent quarter ending Nov. 30 (2QFY02), FedEx Ground reported an 11 percent year-over-year increase in average daily packages. FedEx Home Delivery contributed half of that growth.
"Our goal at FedEx is to create products and services that provide real value to shippers who want to improve management of their supply chains," said T. Michael Glenn, president and chief executive officer of FedEx Services, the marketing, sales and information technology arm for several FedEx companies. "The rapid acceptance of FedEx Home Delivery is a clear indication that we are providing a preferred solution to our customers' needs."
Customer Advantage
This past holiday shipping season, retailers such as U.S. Toys and Williams-Sonoma took advantage of FedEx Home Delivery's cost-effective, customer-friendly residential shipping options.
The Vermont Teddy Bear Company, pioneer of the Bear-Gram(R) gift, is a residential shipper that generates about 30 percent of its annual revenues from Valentine's Day gift givers. The Shelburne, Vt.-based company plans to use FedEx Home Delivery for advance orders and FedEx Express for last-minute gift shoppers who require overnight delivery.
"The special nature of our gifts is enhanced by the unique delivery experience provided by FedEx," said Katie Camardo, director of operations for The Vermont Teddy Bear Co. "We know we can count on FedEx's on-time delivery and exceptional customer service to fulfill our customers' wishes to surprise their loved ones this year."
About FedEx Ground and FedEx Home Delivery
Launched in March 2000 by FedEx Ground, the second largest small-package ground carrier in North America, FedEx Home Delivery is the only ground service dedicated exclusively to residential delivery and the first service to offer a Money-Back Guarantee. Created in response to shipper demand for a better ground delivery solution for the residential market, FedEx Home Delivery offers the most comprehensive level of service at competitive rates. These services include standard evening and Saturday delivery and unmatched premium service options such as day-specific and guaranteed appointment.
In June 2000, FedEx Ground announced an accelerated expansion plan to achieve close to full U.S. coverage by September 2002. In the first phase of the expansion last February, FedEx Ground opened 85 FedEx Home Delivery locations, increasing the service to 70 percent of the population. The second phase came in September, with expansion to 80 percent of the U.S. population.
After today's expansion, FedEx Ground will have a network of 615 distribution hubs and local pickup-and-delivery operations throughout the United States and Canada. The company reported annual revenue of $2.2 billion in fiscal year 2001.
With annual revenues of $20 billion, FedEx Corp. (NYSE: FDX) is the premier global provider of transportation, e-commerce and supply chain management services. The company offers integrated business solutions through a network of subsidiaries operating independently, including: FedEx Express, the world's largest express transportation company; FedEx Ground, North
America's second largest provider of small-package ground delivery services; FedEx Freight, a leading provider of regional less-than-truckload freight services; FedEx Custom Critical, the world's largest provider of expedited time-critical shipments; and FedEx Trade Networks, a provider of customs brokerage, consulting, information technology and trade facilitation solutions.
All press materials related to this announcement are available on the World Wide Web at fedex.com.
Certain statements in this press release may be considered forward-looking statements, such as statements relating to management's views with respect to future events and financial performance. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, economic and competitive conditions in the markets we serve, matching capacity to volume levels and other factors which can be found in FedEx Corp.'s and its subsidiaries' press releases and filings with the SEC.
New Terminal Openings
The 31 new locations opening on Feb. 5 are based in the following
cities:
Alabama Mississippi Pennsylvania
------- ----------- ------------
Dothan Greenville DuBois
Mobile Williamsport
New Hampshire
Florida ------------- South Carolina
------- Lebanon --------------
Cocoa Littleton Florence
Ocala
Pensacola New York Tennessee
Tallahassee -------- ---------
West Palm Beach Corning Cookeville
Utica
Georgia Texas
------- North Carolina -----
Athens -------------- Corpus Christi
Augusta Elizabeth City Sherman
Columbus Wilmington
Macon Virginia
Savannah Ohio --------
Waycross ---- Fredericksburg
Chillicothe Pulaski
North Canton Roanoke
L
lr1937
Guest
Does anyone have any ideas on how ups plans to cope with the expansion of fdx ground. I can remember Railway Express doing nothing about ups. I think it is going to be extremely difficult for ups to offer comparable and competitive rates in ground.
I had a corporate guy tell me one time that somewhere down the road ups would be a smaller company specializing in Global distribution and Air shipments and that we would be looking at high revenue profitable shipments.
I had a corporate guy tell me one time that somewhere down the road ups would be a smaller company specializing in Global distribution and Air shipments and that we would be looking at high revenue profitable shipments.
T
tooty46
Guest
Here at last...what a great site...Hi everybody!
Cheryl, you've done a great job on this board!!!!
Good to see familar names...
Cheryl, you've done a great job on this board!!!!
Good to see familar names...
C
cheryl
Guest
Welcome Tooty
It's nice to see you again
It's nice to see you again
R
rshoe4056
Guest
lr1937 said: "I had a corporate guy tell me one time that somewhere down the road ups would be a smaller company specializing in Global distribution and Air shipments and that we would be looking at high revenue profitable shipments. "
This has been in the back of my mine for nearly 6 months. It seems that UPS is really not concerned about the FDX gound increase, but only concerned about China, Logistics, etc. Perhaps I cannot see the forest for the trees and should not be concerned about just USA activity. Hope we can have our cake and eat it as well!
This has been in the back of my mine for nearly 6 months. It seems that UPS is really not concerned about the FDX gound increase, but only concerned about China, Logistics, etc. Perhaps I cannot see the forest for the trees and should not be concerned about just USA activity. Hope we can have our cake and eat it as well!
D
dabusdrivr
Guest
>>>
I think UPS is VERY concerned about FDX ground volume increases. The majority of those increases are coming directly from UPS volume and UPS customers. There's only 2 ways to retaim customers, giving them the best service and the lowest price. UPS can compete on service, but price is a real problem. UPS is a teamster employer, and with that comes higher costs in every area from wages, pension, benefits, etc. It's hard to compete when your costs are higher than your competitor, and they have the flexibility to give deeper discounts to the highest volume shippers. UPS knows they are losing customers and volume to FDX, but there's little that can be done to keep that volume from being diverted. The upcoming contract isn't helping either.
China and logistics are the key growth areas that UPS is now concentrating on for increased revenue and growth. US volume is stagnant and growth of only 1% to 2% is all that can be expected in the near furure.
I think UPS is VERY concerned about FDX ground volume increases. The majority of those increases are coming directly from UPS volume and UPS customers. There's only 2 ways to retaim customers, giving them the best service and the lowest price. UPS can compete on service, but price is a real problem. UPS is a teamster employer, and with that comes higher costs in every area from wages, pension, benefits, etc. It's hard to compete when your costs are higher than your competitor, and they have the flexibility to give deeper discounts to the highest volume shippers. UPS knows they are losing customers and volume to FDX, but there's little that can be done to keep that volume from being diverted. The upcoming contract isn't helping either.
China and logistics are the key growth areas that UPS is now concentrating on for increased revenue and growth. US volume is stagnant and growth of only 1% to 2% is all that can be expected in the near furure.
C
chicagoitrader014
Guest
Gone from TMF
B
batavia
Guest
Nice things said in the March issue of Worth Magazine.
Final para..."UPS's unique combination of growth and stability makes the stock an ideal long-term core holding. In the short term, its shares should begin moving up as investros grow more comfortable with the timing of the recovery."
The three page article says hold on for the ride!
Final para..."UPS's unique combination of growth and stability makes the stock an ideal long-term core holding. In the short term, its shares should begin moving up as investros grow more comfortable with the timing of the recovery."
The three page article says hold on for the ride!
Y
yellowcat2000
Guest
They was a EEOC settlement decision made in Phoenix, AZ with UPS on light duty. 9 drivers received a $300,000 settlement and UPS now has to accomadate drivers with light duty. Does any one have any more details on this?
S
sarasota
Guest
We've had light duty for drivers for years. I was on llight duty back in 1976 in Metro D. and have seen numerous drivers clerking and answering phones over the years. I even saw one driver sit in an office andstudy the 340 methods as part of light duty.
U
upsadvisor
Guest
Here are some key numbers from a BusinessWeek article from May 2001.
UPS VS Fed EX
Founded 1907 / 1971
2000 Revenue 29.77 billion vs 18.3 billion
Net Income 2.93 billion vs 688 million
Employees 359,000 vs 215,000
Daily Volume 13.2 million vs 5 million
Fleet 152,500 Trucks vs 43,500 Trucks
560 Planes vs 662 Planes
Revenue Growth 8 % vs 6.25 %
Operating Margin 15 % vs 7 %
Return on Equity 28 % vs 14%
UPS earns more on each package here's why
Air Deliveries, U.S.
Fed Ex unit cost $15.27 Unit profit $.93 oper margin 6% Avg Vol 2.9Mil
UPS unit cost $14.60 unit profit $3.76 oper margin 22% avg vol 2.1 Mil
Ground Delivery U.S.
Fed Ex cost $4.77 profit $.68 margin 13% volume1.5 Mil
UPS cost $4.95 profit $.61 margin 11% volume 11 Mil
Overall Avg, Incl International
Fed Ex Cost $11.89 Profit $.85 Margin 7% Volume 4.7 Mil
UPS Cost $6.65 Profit $1.17 Margin 15% Volume 14.2 MM
To make a long story short UPS makes $1.17 on every package whereas Fed only makes $.85 on its packages.
That means UPS pockets $.32 more on every package and UPS delivers 10 million more packages on avg.
Additionally UPS Logistics Business is growing at 40% per year while Fed Ex is trying to stop a decline in their logistics business.
UPS overnight business is growing at 8% compared to Fed Ex 3.6% and this is Fed Ex bread and butter.
Fed Ex is dependant on Planes in its business model which is much more expensive than UPS reliance on ground deliveries and as you can see from the above numbers Fed Ex is no where near it its ability to deliver on the ground.
The article is about 5 pages and really breaks down the two companies.
You can get it on line from the Business Week web sight the article is from May 21 2001 or I would be happy to send a copy to any who would like.
I know May 2001 may seem like ancient history but business plans do not change in 9 months and I do not think Fed Ex will be able to come out of this recession in any where near the shape of UPS simply based on their cost structure.
Best to all
John
UPS VS Fed EX
Founded 1907 / 1971
2000 Revenue 29.77 billion vs 18.3 billion
Net Income 2.93 billion vs 688 million
Employees 359,000 vs 215,000
Daily Volume 13.2 million vs 5 million
Fleet 152,500 Trucks vs 43,500 Trucks
560 Planes vs 662 Planes
Revenue Growth 8 % vs 6.25 %
Operating Margin 15 % vs 7 %
Return on Equity 28 % vs 14%
UPS earns more on each package here's why
Air Deliveries, U.S.
Fed Ex unit cost $15.27 Unit profit $.93 oper margin 6% Avg Vol 2.9Mil
UPS unit cost $14.60 unit profit $3.76 oper margin 22% avg vol 2.1 Mil
Ground Delivery U.S.
Fed Ex cost $4.77 profit $.68 margin 13% volume1.5 Mil
UPS cost $4.95 profit $.61 margin 11% volume 11 Mil
Overall Avg, Incl International
Fed Ex Cost $11.89 Profit $.85 Margin 7% Volume 4.7 Mil
UPS Cost $6.65 Profit $1.17 Margin 15% Volume 14.2 MM
To make a long story short UPS makes $1.17 on every package whereas Fed only makes $.85 on its packages.
That means UPS pockets $.32 more on every package and UPS delivers 10 million more packages on avg.
Additionally UPS Logistics Business is growing at 40% per year while Fed Ex is trying to stop a decline in their logistics business.
UPS overnight business is growing at 8% compared to Fed Ex 3.6% and this is Fed Ex bread and butter.
Fed Ex is dependant on Planes in its business model which is much more expensive than UPS reliance on ground deliveries and as you can see from the above numbers Fed Ex is no where near it its ability to deliver on the ground.
The article is about 5 pages and really breaks down the two companies.
You can get it on line from the Business Week web sight the article is from May 21 2001 or I would be happy to send a copy to any who would like.
I know May 2001 may seem like ancient history but business plans do not change in 9 months and I do not think Fed Ex will be able to come out of this recession in any where near the shape of UPS simply based on their cost structure.
Best to all
John
T
tdu
Guest
FEDS END FINANCIAL OVERSIGHT OF TEAMSTERS
NEW YORK (PAI) A federal judge ruled the government will end its financial oversight of the Teamsters on January 27, Teamsters Secretary-Treasurer C. Thomas Keegel said.
Judge Loretta Preska issued the order at the request of Mary Jo White, then the U.S. attorney for the Southern District of New York, whose office oversees the Teamsters long government-mandated cleanup.
The government imposed an Independent Financial Auditor in 1996 after staffers of former Teamsters President Ron Carey illegally diverted union contributions derived from dues to non-profit groups. The groups then gave the same sums to Careys re-election campaign. Carey was later tried and acquitted of charges that he knew of the money swap.
We are very pleased with the progress we have made in cleaning up the finances, Keegel said. The government understands we established a strong financial program to protect members dues. Never again will union leaders be allowed to loot the unions treasury.
NEW YORK (PAI) A federal judge ruled the government will end its financial oversight of the Teamsters on January 27, Teamsters Secretary-Treasurer C. Thomas Keegel said.
Judge Loretta Preska issued the order at the request of Mary Jo White, then the U.S. attorney for the Southern District of New York, whose office oversees the Teamsters long government-mandated cleanup.
The government imposed an Independent Financial Auditor in 1996 after staffers of former Teamsters President Ron Carey illegally diverted union contributions derived from dues to non-profit groups. The groups then gave the same sums to Careys re-election campaign. Carey was later tried and acquitted of charges that he knew of the money swap.
We are very pleased with the progress we have made in cleaning up the finances, Keegel said. The government understands we established a strong financial program to protect members dues. Never again will union leaders be allowed to loot the unions treasury.
R
robonono
Guest
John,
Great post...Thanks!
Great post...Thanks!
U
upsace
Guest
I hope most UPS shareholders are enrolled to receive shareholder communications electronically. This will include Annual Reports and proxy statements.
The savings may not be huge but those dollars will be in our pockets instead of USPS or even FDX.
Anyone who is interested should go to www.icsdelivery.com/ups and click on "Registered Shareholder." Then follow the instructions.
The savings may not be huge but those dollars will be in our pockets instead of USPS or even FDX.
Anyone who is interested should go to www.icsdelivery.com/ups and click on "Registered Shareholder." Then follow the instructions.
R
retired
Guest
Great idea, thank you for posting it.
S
seahorse
Guest
Passing over from the Motley Fool Board (although I've been conspiciously absent for some time...blame it on the "Harley" and warm weather, haha.
D
dannyboy
Guest
On the surface it sounds like you are talking about TAW (Temp. Alternate Work). You are able to work under restrictions for up to 30 days. After 30 days the job becomes a permanent job and has to be placed up for bid. It is usually used for a workers comp type injury, but can also be used for other off the job injuries or sickness. It is left up to management as to who can or can not be eligible for TAW, or even if they offer it at all.
But in the AR case it sounds like something else. Might be that they are now required to extend the TAW for an indefinate time. Or that they got the company for discrimination in the application of TAW might also be a reason.
Regards
d
But in the AR case it sounds like something else. Might be that they are now required to extend the TAW for an indefinate time. Or that they got the company for discrimination in the application of TAW might also be a reason.
Regards
d
