UPS announcement About money

[Staydryitsraining]

Amazon won’t hurt us. We don’t make money on residential business anyway. If I recall correctly and I could be wrong but amazon only accounts to around 10% of our profits. Sure it’s a good chunk but not bad considering how big amazon is.

I don’t see any upper management in any of my buildings, only operations. Ups’ raises are more than sustainable for the next 5 years. As long as other companies continue giving raises, UPS will probably not be in the position of a wage freeze.

Lmao your right. Because if a other company is growing and climbing and can offer more money UPS can pay drivers 45 an hour.

 

[1989]

Lmao your right. Because if a other company is growing and climbing and can offer more money UPS can pay drivers 45 an hour.

Time will tell. $38+ is coming in August. $41 at end of contract.

 

[Brownslave688]

Lmao your right. Because if a other company is growing and climbing and can offer more money UPS can pay drivers 45 an hour.

People have literally been saying this for 25 years. Eventually it may catch up but there’s no real sign of that yet.

 

[TearsInRain]

Hog wash---They always told us our center didn't make any money either- period. How the hell can UPS make any money? They also say they don't make money on Ground or COD's or during peak. Nothing seems to work. They may as well give up.

we make money on internationals, airs, and critical healthcare going anywhere

we break even on commercial ground

we lose money on resi ground

 

[TearsInRain]

I don’t see any upper management in any of my buildings, only operations. Ups’ raises are more than sustainable for the next 5 years. As long as other companies continue giving raises, UPS will probably not be in the position of a wage freeze.

People have literally been saying this for 25 years. Eventually it may catch up but there’s no real sign of that yet.

every dollar that we spend on wages is a dollar we aren’t spending on growth and expansion

not saying we have to pay pennies, but 35+/hr is totally unsustainable

 

[rod]

every dollar that we spend on wages is a dollar we aren’t spending on growth and expansion

not saying we have to pay pennies, but 35+/hr is totally unsustainable

Have management take a cut or get rid of a third of them----just dead weight anyway

 

[TearsInRain]

Have management take a cut or get rid of a third of them----just dead weight anyway

i’d get rid of more than a third

 

[Brownslave688]

every dollar that we spend on wages is a dollar we aren’t spending on growth and expansion

not saying we have to pay pennies, but 35+/hr is totally unsustainable

They are spending billions per year on growth.

And every year $35 gets cheaper. Eventually it may happen but it’s not happening yet.

 

[Netsua 3:16]

not saying we have to pay pennies, but 35+/hr is totally unsustainable

That's pretty grim when you consider the housing market and what it costs monthly to be a home owner.
Although, another crash and round of bailouts is inevitable

 

[IVE GOTTA PACKAGE 4U]

we make money on internationals, airs, and critical healthcare going anywhere

we break even on commercial ground

we lose money on resi ground

22.4 will save us ..

 

[IVE GOTTA PACKAGE 4U]

every dollar that we spend on wages is a dollar we aren’t spending on growth and expansion

not saying we have to pay pennies, but 35+/hr is totally unsustainable

Cut the dividends, problem solved

 

[Staydryitsraining]

22.4 will save us ..

Weeeeeeeeell, 22.4 was a union thing not company.

 

[TearsInRain]

They are spending billions per year on growth.

And every year $35 gets cheaper. Eventually it may happen but it’s not happening yet.

we are maybe a decade behind where we need to be infrastructure wise

 

[Brownslave688]

we are maybe a decade behind where we need to be infrastructure wise

I agree we are behind and it’s their own damn fault but let’s none pretend for one second that if every ups employee agreed to a pay freeze for 5 years that that money would all go to our infrastructure.

 

[Frankie's Friend]

Cut the dividends, problem solved

 

[Staydryitsraining]

People have literally been saying this for 25 years. Eventually it may catch up but there’s no real sign of that yet.

I'm simply looking at business field were in. Then taking into account how much we get oaid

I agree we are behind and it’s their own damn fault but let’s none pretend for one second that if every ups employee agreed to a pay freeze for 5 years that that money would all go to our infrastructure.

It doesn't matter what the money is going to. Amazon is putting companies out of business, right there were loosing volume. Amazon accounts for 47% percent of online sales, they slowly but surely will stop using us to deliver it, were loosing more volume. Amazon will, I think they already are, offer companies cheaper shipping, were loosing volume again. Something has to change.

 

[Brownslave688]

I'm simply looking at business field were in. Then taking into account how much we get oaid

It doesn't matter what the money is going to. Amazon is putting companies out of business, right there were loosing volume. Amazon accounts for 47% percent of online sales, they slowly but surely will stop using us to deliver it, were loosing more volume. Amazon will, I think they already are, offer companies cheaper shipping, were loosing volume again. Something has to change.

It’s been covered here. Amazon makes up a small percentage of our packages and a very small percentage of our profits.

You’ve also got to take into account while our share of the pie may be slowly shrinking. The pie is growing greatly in size.

This trend is expected to continue.

 

[Brownslave688]

I'm simply looking at business field were in. Then taking into account how much we get oaid

It doesn't matter what the money is going to. Amazon is putting companies out of business, right there were loosing volume. Amazon accounts for 47% percent of online sales, they slowly but surely will stop using us to deliver it, were loosing more volume. Amazon will, I think they already are, offer companies cheaper shipping, were loosing volume again. Something has to change.

UPS Revenue 2006-2019 | UPS


You’re gonna need to back up your assumptions with some facts. You’ve shown nothing yet that indicates a downtrend for ups.

One quarter does not make a trend.

 

[BlackCat]

were loosing more volume

Bull.

 

[olroadbeech]

just keep working harder and keep those dividends flowing to my bank account.