Thank god for parcel....Good ole ABF and their 80% discounts you mean. We made money the first quarter. What did ABF do. Oh yea lost money wasn't it. Who is giving the discounts.:LMAO:
Thank god for parcel....Good ole ABF and their 80% discounts you mean. We made money the first quarter. What did ABF do. Oh yea lost money wasn't it. Who is giving the discounts.:LMAO:
Good ole ABF and their 80% discounts you mean. We made money the first quarter. What did ABF do. Oh yea lost money wasn't it. Who is giving the discounts.:LMAO:
You have some evidence to back up your claim that UPS Freight made money last quarter?
Supply Chain and Freight
Operating profit soared 44% on an adjusted basis with revenue growth of 7.6%. On a reported basis, operating profit increased 147%. The operating margin for the segment increased to 6.1% driven primarily by improvements in the Forwarding business unit and UPS Freight.
Forwarding experienced margin expansion over last year due to revenue management initiatives and lower purchased transportation.
UPS Freight revenue was up almost 23% over the prior-year period. The business unit saw strong increases in LTL revenue per hundredweight and gross weight hauled.
The company announced expansion of UPS Express Freight to Israel and Slovakia in February. These two emerging markets are quickly becoming key hubs for the high-tech, automotive and other manufacturing industries. UPS also announced during the quarter the expansion of its Preferred LCL Ocean Freight service to include 10 additional ports in Asia. This service provides up to 40% faster port-to-door delivery to the United States for LCL shipments.
Outlook
"The growth story at UPS continues with earnings improving 24% as customers realize the benefits from the solutions we provide," said Kurt Kuehn, UPS's chief financial officer. "These outstanding results were produced through our focus on quality of revenue combined with the flexibility and efficiency of our global network.
"The strategies are in place for UPS to achieve record results in 2011," Kuehn added. "Confidence in our ability to execute leads UPS to raise guidance for 2011 diluted earnings per share to a range of $4.15-to-$4.40, an increase of 17-to-24% over adjusted 2010 results."
Them 80% discounts must be really working...
I'm sorry, I am kinda slow, could you please point out the part where the profits come from UPS Freight?
Supply Chain and Freight
Operating profit soared 44% on an adjusted basis with revenue growth of 7.6%. On a reported basis, operating profit increased 147%. The operating margin for the segment increased to 6.1% driven primarily by improvements in the Forwarding business unit and UPS Freight.
Forwarding experienced margin expansion over last year due to revenue management initiatives and lower purchased transportation.
UPS Freight revenue was up almost 23% over the prior-year period. The business unit saw strong increases in LTL revenue per hundredweight and gross weight hauled.
The company announced expansion of UPS Express Freight to Israel and Slovakia in February. These two emerging markets are quickly becoming key hubs for the high-tech, automotive and other manufacturing industries. UPS also announced during the quarter the expansion of its Preferred LCL Ocean Freight service to include 10 additional ports in Asia. This service provides up to 40% faster port-to-door delivery to the United States for LCL shipments.
Outlook
"The growth story at UPS continues with earnings improving 24% as customers realize the benefits from the solutions we provide," said Kurt Kuehn, UPS's chief financial officer. "These outstanding results were produced through our focus on quality of revenue combined with the flexibility and efficiency of our global network.
"The strategies are in place for UPS to achieve record results in 2011," Kuehn added. "Confidence in our ability to execute leads UPS to raise guidance for 2011 diluted earnings per share to a range of $4.15-to-$4.40, an increase of 17-to-24% over adjusted 2010 results."
Them 80% discounts must be really working...
Abf= a bum foever
Thanks my Brother I enjoyed your past post. Good Luck at UPSF. YOUR BROTHER ALWAYS!Muler, I was just giving ABFer a hard time. For some of the statements he makes about UPS and Overnite. No company bashing intended. There is good and bad things about all of them.
Shaggybx said:Good ole UPSF with their 80% discounts.
R&l???????Yep but remember to look at the rate fak and volume before giving pricing a hard time. One company pays a flat rate of 35 a pallet no matter what. Can you guess which company that is?
ABFer said:Since he says they're paying $35 I would expect he means a shipper, not a carrier.
Wow, you guy's are really into your company's. My company is better than your company. Tell ya what, after 31 years of watching the ltl industry go in to the toilet and to see what a LtL freight job has become, I wouldn't brag about any freight company. They all suck and at this point these jobs will never be what they once were. For most in this line of work its a race to the bottom, for me, its a race to retirement