UPS 1st Qtr. Profits are 1.62 Billion

[Brownslave688]

Yep all 3 were amazon.

 

[Brownslave688]

Yep all 3 were amazon.

 

[InsideUPS]

At this pace the company is on pace to make 6.4 Billion dollars in 2013. Would be kind or ironic if we reach a tenative agreement that includes concessions today.

B E A Utiful..... Should help negotiations to some degree..

As far as your comment; "Would be kind or ironic if we reach a tenative agreement that includes concessions today." ....it would not be ironic in my mind.....it would be TRAGIC.. Most interesting to me will be the "spin" that is put on this contract... hopefully that will not be necessary.

FWIW....I still believe that the big "arm twist" of UPS revolves around Teamster Pensions (behind closed doors)....as eluded to in this article posted by Scratch in a different thread.

Teamsters head Hoffa tries to squash own employees' union | The Daily Caller

 

[BigUnionGuy]

FWIW....I still believe that the big "arm twist" of UPS revolves around Teamster Pensions (behind closed doors)....as alluded to in this article posted by Scratch in a different thread.

Teamsters head Hoffa tries to squash own employees' union | The Daily Caller

I wouldn't try to read too much.... into the situation.

I have heard the argument from both sides. People that are actually involved.



-Bug-

 

[anonymous6]

UPS said it plans to buy back about $4 billion worth of stock this year, about 5 percent of its current market capitalization of nearly $80 billion. It repurchased shares for $1 billion in the first quarter.


So Profit would have been more...

do you know why companies buy back their stock? is that a good sign?


never mind, someone answered it.

 

[teamsterdan]

ok......apparently this got overlooked and comes straight from the CEO himself.......he will be on CNBC live shortly think its 1630 eastern time........that being said i may be reading too much into it but you make your own call........
"Lastly, I want to provide an update on our labor negotiations. UPS and the Teamsters have made significant progress. We have resolved the most important issues in the contract, and are optimistic that we’ll reach a deal very soon. We are eager to move forward, working in unison with all our employees to deliver unique, innovative products and services that help our customers prosper and enable UPS to deliver superior and consistent results.



UPS's CEO Discusses Q1 2013 Results - Earnings Call Transcript - Yahoo! Finance

 

[bbsam]

We were told that the last hurdle to get past was the $1/hr raise for each year of the contract. Of course that was from a regional director of Fedex, so it may not mean squat. However, seemed to square with the above statement.

 

[teamsterdan]

guess I'm going by the last official release from the teamsters.......and regardless, I have been under the impression that "healthcare" was the biggest issue........

All UPS and UPS Freight Local Unions

FROM:

hall, Union Co-Chair

DATE:

April 18, 2013

RE: Negotiations Update

Health care remains the major issue in UPS negotiations.

Read more: http://www.browncafe.com/forum/f39/negotiations-update-april-19-2013-a-349650/#ixzz2RVTWOGzf​

 

[PT Stewie]

guess I'm going by the last official release from the teamsters.......and regardless, I have been under the impression that "healthcare" was the biggest issue........

that is correct

 

[kingOFchester]

that is correct

PT Stewie,

Sent you some PM's. Just want to be sure you are getting them.

 

[BMWMC]

 

[Brownslave688]

Can someone change this threads title to accurately depict ups's 1st quarter profits.