Is UPS going to go out of business?

[100%ORIONComplianceGuy]

No no no no no
They just want to do everything I can to trim the expensive last Mile and do things like transport packages for the Post office

Plus not have to spend money to expand facilities or buy new package cars.

And unnecessarily lose accounts by refusing to show up for contract negotiations until the last minute.

 

[IVE GOTTA PACKAGE 4U]

And unnecessarily lose accounts by refusing to show up for contract negotiations until the last minute.

I guess the company was used to dealing with Hoffa for too long

 

[Thebrownblob]

Amazon doesn’t want UPS - why would they? A payout that is wishful thinking - pray for a good post Carol CEO - otherwise it’s a slow decade plus decline - think Yellow.

Certainly hope for a better CEO than Carol. But to pretend that UPS could even approach the level of incompetence of management at Yellow is laughable. Trust me.

 

[rod]

Just because something works now doesn't mean it will in the future.

Things change. Look how many big companies ended up going under. It happens.

Giant Companies Rarely Survive - Business History - The American Business History Center

A careful study of this week’s list will show you the huge American industries which once dominated stock markets, employment, and community life, but which are not as important in the age of Amazon and Google. Our readers know we love lists. There are few other ways to learn as much as...

americanbusinesshistory.org

At one time Sears was the KING of mail order ---everything from farm equipment, clothes, complete houses, guns, stoves. You could order it all from their 800 page catalog. If it was something the Post office wouldn't handle it would be delivered by Railway Express. Every town of any size on the rail lines had a Railway Express. RE is totally gone and Sears has just a few walk in stores left.

 

[ManInBrown]

At one time Sears was the KING of mail order ---everything from farm equipment, clothes, complete houses, guns, stoves. You could order it all from their 800 page catalog. If it was something the Post office wouldn't handle it would be delivered by Railway Express. Every town of any size on the rail lines had a Railway Express. RE is totally gone and Sears has just a few walk in stores left.

Sears sold material items. UPS sells nothing but a service. We move things. Apples and oranges. Don’t know why everyone compares the two.

 

[Red Devil]

Sears sold material items. UPS sells nothing but a service. We move things. Apples and oranges. Don’t know why everyone compares the two.

Because they were both once dominant but in the end Amazon will kill them both

 

[Wally]

Sears sold material items. UPS sells nothing but a service. We move things. Apples and oranges. Don’t know why everyone compares the two.

No one is comparing what they do, but rather it's one example of a huge company going under. Guys retiring now couldn't imagine Sears not existing back when they started their careers, but just like that...gone.

 

[100%ORIONComplianceGuy]

At one time Sears was the KING of mail order ---everything from farm equipment, clothes, complete houses, guns, stoves. You could order it all from their 800 page catalog. If it was something the Post office wouldn't handle it would be delivered by Railway Express. Every town of any size on the rail lines had a Railway Express. RE is totally gone and Sears has just a few walk in stores left.

Failing to innovate and alienating the real customers for stock holders has been the downfall of many companies. Some others didn’t do anything wrong. Their products and service's just became irrelevant over time. UPS seems to want to set the standard for assuring their own downfall.

 

[Over70irregs]

Ever since the new contract I’ve heard my manager talking about how UPS isn’t too big to fail and how no one who is expecting to collect a pension from the company for the rest of their life is out of luck. I don’t know how the money is being managed but I hope the company doesn’t go out of business. How much longer do you think UPS will be around?

Till xmas…..

 

[Staydryitsraining]

Been hearing this too long to keep track. Shut up.

 

[DELACROIX]

Failing to innovate and alienating the real customers for stock holders has been the downfall of many companies. Some others didn’t do anything wrong. Their products and service's just became irrelevant over time. UPS seems to want to set the standard for assuring their own downfall.

Then they can get rid of the Teamsters..

 

[Brownwind]

Then they can get rid of the Teamsters..

Funny reply.

For the rest of the nay sayers I request you stop it. This is a joke thread started by someone who listened to a manager that doesn’t understand how the pension fund works. Just for giggles google how pensions work then look up your own pension fund. Most are solvent for about thirty years or so.

 

[Brownwind]

Hey @UnionStrong if you want a chuckle read this thread it has some quality content that is up your alley.

Just having fun melting up here in paradise

 

[Johney]

No no no no no
They just want to do everything I can to trim the expensive last Mile and do things like transport packages for the Post office

Plus not have to spend money to expand facilities or buy new package cars.

They're closing facilities and have plenty of new bought package cars. Maybe not where you are , but they can transfer some in from other places. I've seen it happen.

 

[IVE GOTTA PACKAGE 4U]

They're closing facilities and have plenty of new bought package cars. Maybe not where you are , but they can transfer some in from other places. I've seen it happen.

They took some of ours

 

[Johney]

Then they can get rid of the Teamsters..

If UPS becomes not a huge profitable company I can see this happening. They should be banging on Amazon's door now they are going to become the big kid on the block just like UPS once was.

 

[Johney]

They took some of ours

Then prepare for them to close your building.

 

[muthatrucka]

Funny reply.

For the rest of the nay sayers I request you stop it. This is a joke thread started by someone who listened to a manager that doesn’t understand how the pension fund works. Just for giggles google how pensions work then look up your own pension fund. Most are solvent for about thirty years or so.

I think ours is guaranteed to 2050 or something like that

 

[Johney]

I think ours is guaranteed to 2050 or something like that

That is your Central States portion. If you are part of that. My pension is paid 100% by UPS now , but when I hit 65 C.S. pays 50%.

 

[catstalking]

we are having a normal year with normal growth over last year (2019)

2020-2023 should be imagined as not happening, volume wise