UPS Worldport expansion costs planes/jobs
10-25-2011, 05:16 AM
#153
Militant Commuter
Joined APC: Mar 2011
Position: Re-****ing-tired
Posts: 19
10-25-2011, 08:45 AM
#154
Gets Weekends Off
Joined APC: Aug 2006
Posts: 3,931
UPS sees higher profits in slow-growing economy
By Lynn Adler | Reuters
(Reuters) - United Parcel Service reported a higher quarterly profit as increased pricing, cost cutting and technology improvements helped compensate for domestic shipping volume dulled by a sluggish economy, and it affirmed its outlook for record 2011 results.
The U.S. economy appears to have stabilized and is growing slowly, after concern about a possible double-dip recession stifled consumer demand earlier this year, UPS said.
The company is well-positioned to handle a run-up in volume from customers with lean inventories ahead of the peak holiday season, analysts agree.
The final two weeks before Christmas could have a "meaningful" effect on fourth-quarter results if consumer demand picks up and retailers low on inventory need fast shipment of goods, Chief Executive Officer Scott Davis told analysts on a conference call.
"Over the last month or so, we are starting to see better economic numbers, so there is more optimism out there, and that could turn things around," Davis said. "We are still expecting a slow-growth economy, but I don't think it is as negative as people were thinking two and three months ago."
NAIL-BITER
Domestic shipping volume averaged 12.74 million packages a day, little changed from 12.73 million a year ago. Operating margins improved on higher yields, or revenue per package, as well as on more efficient networks, the company said.
Core pricing, excluding fuel surcharge, rose by an average of 3 percent domestically in the quarter, UPS said.
"Domestic margins coming in better than expected, especially given further uncertainty in terms of volumes, underscores the investment opportunity here," said Peter Nesvold, Jefferies & Co. analyst.
Responding to slow exports from Asia to the United States, UPS said it had cut capacity there by 10 percent. But it expects volume to pick up in the fourth quarter, boosted by shipments of new technology product launches.
International shipping volume averaged 2.34 million a day, up from 2.24 million.
"Asia reflected kind of the chaos we felt we were in during August in the U.S.," Kuehn said. "Given the absolute stalemate in D.C., the concerns about perhaps a double dip, it really did slow down demand. Our aircraft reflected that coming out of Asia."
Davis, who is on U.S. President Barack Obama's Export Council, has said that one UPS job is created for every 22 packages that cross international borders.
(Reporting by Lynn Adler in New York; Editing by Lisa Von Ahn, Gunna Dickson and Gunter)
By Lynn Adler | Reuters
(Reuters) - United Parcel Service reported a higher quarterly profit as increased pricing, cost cutting and technology improvements helped compensate for domestic shipping volume dulled by a sluggish economy, and it affirmed its outlook for record 2011 results.
The U.S. economy appears to have stabilized and is growing slowly, after concern about a possible double-dip recession stifled consumer demand earlier this year, UPS said.
The company is well-positioned to handle a run-up in volume from customers with lean inventories ahead of the peak holiday season, analysts agree.
The final two weeks before Christmas could have a "meaningful" effect on fourth-quarter results if consumer demand picks up and retailers low on inventory need fast shipment of goods, Chief Executive Officer Scott Davis told analysts on a conference call.
"Over the last month or so, we are starting to see better economic numbers, so there is more optimism out there, and that could turn things around," Davis said. "We are still expecting a slow-growth economy, but I don't think it is as negative as people were thinking two and three months ago."
NAIL-BITER
Domestic shipping volume averaged 12.74 million packages a day, little changed from 12.73 million a year ago. Operating margins improved on higher yields, or revenue per package, as well as on more efficient networks, the company said.
Core pricing, excluding fuel surcharge, rose by an average of 3 percent domestically in the quarter, UPS said.
"Domestic margins coming in better than expected, especially given further uncertainty in terms of volumes, underscores the investment opportunity here," said Peter Nesvold, Jefferies & Co. analyst.
Responding to slow exports from Asia to the United States, UPS said it had cut capacity there by 10 percent. But it expects volume to pick up in the fourth quarter, boosted by shipments of new technology product launches.
International shipping volume averaged 2.34 million a day, up from 2.24 million.
"Asia reflected kind of the chaos we felt we were in during August in the U.S.," Kuehn said. "Given the absolute stalemate in D.C., the concerns about perhaps a double dip, it really did slow down demand. Our aircraft reflected that coming out of Asia."
Davis, who is on U.S. President Barack Obama's Export Council, has said that one UPS job is created for every 22 packages that cross international borders.
(Reporting by Lynn Adler in New York; Editing by Lisa Von Ahn, Gunna Dickson and Gunter)
10-25-2011, 02:45 PM
#155
Gets Weekends Off
Joined APC: Apr 2005
Position: 757/767
Posts: 1,128
Davis, who is on U.S. President Barack Obama's Export Council, has said that one UPS job is created for every 22 packages that cross international borders
Thats of course after deducting his 700% bonuses and giving huge divedends to the rest of BOD's that will mount to about 22 less jobs.
Ups math at its best
Thats of course after deducting his 700% bonuses and giving huge divedends to the rest of BOD's that will mount to about 22 less jobs.
Ups math at its best
10-25-2011, 04:41 PM
#156
Gets Weekends Off
Joined APC: Aug 2006
Posts: 3,931
When UPS puts word out for more pilots everyone should remember that, despite management claims to the contrary, there is no promise that UPS's professional pilots will prosper as the company does. The promise is simply a job until UPS rightsizes the flt ops again.
Good luck to all who answer that call, you'll need it.
Good luck to all who answer that call, you'll need it.
10-25-2011, 05:42 PM
#157
Tri-tanic operator
Joined APC: Jul 2006
Position: Doggie
Posts: 2,382
When UPS puts word out for more pilots everyone should remember that, despite management claims to the contrary, there is no promise that UPS's professional pilots will prosper as the company does. The promise is simply a job until UPS rightsizes the flt ops again.
Good luck to all who answer that call, you'll need it.
Good luck to all who answer that call, you'll need it.
UPS is the last airline they will work for !
10-27-2011, 03:47 PM
#160
Line Holder
Joined APC: Mar 2007
Posts: 59
aflouisville,
If you are who you say you are, then you are on this forum for 1 of 2 reasons. You are here to provide information that is tried and true; that you are privy to. Or, you are here to stir the pot and get a rise (sts) out of IPA pilots. With today's news from the IPA, how does your claim of "big changes next year" square? Please respond or face the risk irrelevancy. Thank you.
If you are who you say you are, then you are on this forum for 1 of 2 reasons. You are here to provide information that is tried and true; that you are privy to. Or, you are here to stir the pot and get a rise (sts) out of IPA pilots. With today's news from the IPA, how does your claim of "big changes next year" square? Please respond or face the risk irrelevancy. Thank you.
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