More parcels, higher prices lift UPS profit but costs soar

[cheryl]

More parcels, higher prices lift UPS profit but costs soar - Reuters

United Parcel Service Inc (UPS.N) reported higher first-quarter net profit on Thursday, driven by strong package volumes in its core U.S. segment, but higher costs from Saturday delivery and nasty winter weather weighed on the bottom line.

Shares were up 2.2 percent in morning trade after the world’s largest package delivery company said revenue increased 10 percent to $17.1 billion in the first quarter from a year ago, topping analyst expectations of $16.47 billion.

Revenue at its core U.S. package service rose 7.2 percent to $10.2 billion from a year-ago, driven by a 4.6-percent rise in parcel volumes that reflected growth of online purchases.

 

[Old Man Jingles]

UPS beat the street by $0.01 with internal costs rising.
It's going to be hard to continue growth in earnings.

 

[SolidWoodPanel]

Peak is now year round. No more vacations.

 

[Turdferguson]

UPS beat the street by $0.01 with internal costs rising.
It's going to be hard to continue growth in earnings.

You neglected to mention the cost of the bad weather in the bottom line also. I know it may suprise you but not everything is the fault of what you call the over payed full timers

 

[1989]

UPS, seen as an indicator of U.S. economic strength and consumer demand, reaffirmed its 2018 earnings per share range of $7.03 to $7.37 and maintained its 2018 spending plan of between $6.5 billion to $7 billion on network improvements like new technology and automating its parcel sorting hubs.



Sounds like ups is not anticipating a strike. Or it will be business as usual due to automated sorting hubs.

 

[Non sequitur]

If weather added cost, then the whole industry experienced it. Non story

 

[upschuck]

If weather added cost, then the whole industry experienced it. Non story

Maybe we should add a surcharge for weather related problems.

 

[Non sequitur]

Works for me

 

[Indecisi0n]

Maybe we should add a surcharge for weather related problems.

And apply it to sunny problem free days.

 

[upschuck]

And apply it to sunny problem free days.

Sounds legit

 

[Old Man Jingles]

UPS beat the street by $0.01 with internal costs rising.
It's going to be hard to continue growth in earnings.

I know it may suprise you but not everything is the fault of what you call the over payed full timers

Must have taken your nighttime meds for you to hallucinate my having said or implied that!

 

[Turdferguson]

Must have taken your nighttime meds for you to hallucinate my having said or implied that!

Just going off your previous hate filled posts directed at the overworked, unappreciated UPS full timers

 

[Turdferguson]

Must have taken your nighttime meds for you to hallucinate my having said or implied that!

"Internal cost" code for full timers.

 

[Old Man Jingles]

Just going off your previous hate filled posts directed at the overworked, unappreciated UPS full timers

I think the has gone to your head! LOL

 

[Tired Driver]

More parcels, higher prices lift UPS profit but costs soar - Reuters

United Parcel Service Inc (UPS.N) reported higher first-quarter net profit on Thursday, driven by strong package volumes in its core U.S. segment, but higher costs from Saturday delivery and nasty winter weather weighed on the bottom line.

Shares were up 2.2 percent in morning trade after the world’s largest package delivery company said revenue increased 10 percent to $17.1 billion in the first quarter from a year ago, topping analyst expectations of $16.47 billion.

Revenue at its core U.S. package service rose 7.2 percent to $10.2 billion from a year-ago, driven by a 4.6-percent rise in parcel volumes that reflected growth of online purchases.

Or good it be the bonuses and raises that the board received?

 

[Old Man Jingles]

Or good it be the bonuses and raises that the board received?

It good be!

 

[oldngray]

It good be!

 

[Old Man Jingles]

But he's a Tired Driver.

 

[OrionsBitch]

You neglected to mention the cost of the bad weather in the bottom line also. I know it may suprise you but not everything is the fault of what you call the over payed full timers

Every company deals with the same bad weather. The advantages come from wage differences. Just saying. Amazon and FedEx pay peanuts. It WILL be a major advantage in the long run. You can't deny that. Why do you think there is such a push for wage changes in this next contract? Because UPs recognizes the pensions and wages as an extreme hindrance to their growth.

 

[Turdferguson]

Every company deals with the same bad weather. The advantages come from wage differences. Just saying. Amazon and FedEx pay peanuts. It WILL be a major advantage in the long run. You can't deny that. Why do you think there is such a push for wage changes in this next contract? Because UPs recognizes the pensions and wages as an extreme hindrance to their growth.

The only thing hindering UPS profits are the razor thin margin on all the residential deliveries . Stop density