better start looking, we are A BIG PAIN IN THE *** FOR UPS>
the truth be told, they wished the would have bought abf and not us.
Now I think I have heard it all local. UPS does not take a shyte without a plan. These purchases they will make were planned far enough in advance, UPS new what they were doing , this company was growing double digits from bankruptcy at a rate that would blow a sailboat around the world at lightspeed, they wanted a company that made monies and we were the 4TH largest carrier in the US. This is the reason for the purchase.
We also own everything we have within the company, from tires too the equipment ,too the terminals that house the freight we haul.
It was a win win for UPS, even if they have too rebuild this company, they rebuild thier own company on a regular basis without batting an eyelash.
Menlo was loosing 40 million a year, and CNF was going too burn them, UPS came in, bought out the landing rights for china,as well as the US operations for ground, and turned Menlo (SCS) into a profitable company.
Menlo was purchased a year prior to us. Now you have "O" 4 times the size in realestate, equipment and customer base, This company needs a revamp and it will happen. It will take a while.
Now correct me if I am wrong, UPS a little while ago wanted to pull the pention from the teamster's, and thier was a strike that put the US in a standstill . Meanwhile FEDEX is licking thier chops, and leading customers in a direction too use them now or loose when the shyte hits the fan , and FEDEX currently uses the same tactics today, when it is a negotiating year.
Now you people are really off base here and I will tell you why.
Why would one of the most respected companies in the nation, take a nonunion company, that is currently working on a contract , and merge it with a union company, and create a grandscale worker relations disaster in the freight industry, when FEDEX is in the background licking thier chops again, waiting for UPS to do the same as they did with small package, on the freight side.
Makes no scence!!!!! This is my opinion, and I will stick to this. If there is another purchase, it will be iether another non union company, or a union company when a contract is made, this contract will be a hybrid contract, and when UPS buy's if they buy another company, they will do the same with the purchased company as they did with MENLO , you can keep your current contract until it runs out, but it will be renegotiated to the UPS lineup of benifits and monies.
Mark these words!!!!!!