Why a 401(k) Will Yield You More Money Than a Pension

Thebrownblob

Well-Known Member
Our delivery drivers were told that UPS has customers, you have a job. Work as directed.
Of course, they said that right after all that other stuff lol, but the point was you were going to see these people every day treat them as if they were your own customer. Pretty much what I’ve done and they’ve taken care of me even when I didn’t care too much about the way corporate treated them and their issues from time to time.
 

pkgdriver

Well-Known Member
Did someone say gravy?
69025DE3-32C0-41DD-8F91-569508626B2D.gif
 

MORS HOSTIBUS

Well-Known Member
Well I earn $27,000+ a year in pension contributions right now. How do you suggest they'd make up the difference if we agreed to a match instead of a pension?
What's your # we'll go from there. Milk to goose but don't kill it. For the most part ups lifers understand and want to share in the spoils.
 

Cheesypurpletees

Well-Known Member
"In 1997, UPS controlled more than 80% of the U.S. ground parcel market, according to estimates from consultancy ShipMatrix. Its two main competitors in the business-to-business segment — how most parcel traffic moved — were Airborne Express, with limited services compared to UPS, and Roadway Package System Inc. (RPS), a small but fast-growing company. FedEx Corp. (NYSE: FDX) had no dedicated ground delivery network. The U.S. Postal Service focused on the business-to-consumer market, which was a fraction of what it is today because e-commerce didn’t exist.

At the time, UPS felt it could absorb a walkout — and the dislocations accompanying it — without much fallout. It reasoned customers would return because their alternatives were limited. Some post-strike business never returned to UPS – however, much of it did.

Many shippers didn’t think a strike would occur and failed to develop contingency plans far enough in advance. Enterprise shippers quite dependent on UPS moved some volumes elsewhere, but many chose to wait it out. They eventually went back.

Today, UPS controls about 50% of the total market, still a healthy share but not what it once was. The reason is clear: more and better competition."

DHL bought out Airborne Express.

80% to 50%! We have near monopoly? Let me tell you about LaserShip and Ontrac

"based regional shipping services provider OnTrac, announced they had entered into a definitive agreement to merge, with LaserShip acquiring OnTrac for $1.3 billion, the companies last week stated they are taking a major next step in the process."

ontrac-corporate-new-logo-service-area-april-2023.jpg



This move is a result of a 2021 transaction that brought LaserShip and OnTrac Logistics under shared ownership, creating the first coast-to-coast partner of choice for last-mile ecommerce deliveries.

By combining their complementary delivery footprints, with LaserShip covering the East Coast and OnTrac Logistics serving the West Coast, the companies have empowered retailers to reach consumers in the country’s most populated regions.

“Oncrack” is living up to its name out in the west. Town folk chase them off with pitch forks. Service is absolutely atrocious
 
Last edited:

542thruNthru

Well-Known Member
We?
You meant UPS, the company, that also pays your weekly payday, medical, etc.
You know, entitled people don’t appreciate what most don’t have, yet expect more.

The West is the best, some here summed up the retirement scenario perfect, 3 legs.
401k/IRA
Social security and
Pension, (if you are fortunate to have one).
and your retirement will be more than adequate.
"We" as in multi employer pension fund. Not solely reliant on UPS.
 
Top