TForce | UPS to suspend LTL operations until.....

[Kennesaw Kid]

"UPS Inc. (NYSE:UPS) said today it will temporarily suspend the operations of its less-than-truckload unit, UPS Freight, at least until Teamsters union members vote for a second time on a collective bargaining agreement, and it has advised customers in the meantime to seek alternate sources of capacity."


https://www-freightwaves-com.cdn.ampproject.org/v/s/www.freightwaves.com/news/trucking/ups-to-suspend-ltl-service?amp_js_v=a2&amp_gsa=1&format=amp&usqp=mq331AQECAFYAQ==#referrer=https://www.google.com&amp_tf=From %1$s&ampshare=https://www.freightwaves.com/news/trucking/ups-to-suspend-ltl-service

 

[Jaloc]

Over $6 Billion profit VOTE NO plenty of money no 2 tier wages and proper raises each year call their bluff!

 

[William at UPGF]

Over $6 Billion profit VOTE NO plenty of money no 2 tier wages and proper raises each year call their bluff!

We have never made 6 billion in profits. We haven't even made that in revenue. I put UPS freight at 190 million a year with the 7.4% profit margin we have.

 

[Jaloc]

We have never made 6 billion in profits. We haven't even made that in revenue. I put UPS freight at 190 million a year with the 7.4% profit margin we have.

UPS as a whole on track to make over $6 Billion this year

 

[William at UPGF]

UPS as a whole on track to make over $6 Billion this year

You're probably right but I'm sure UPS is expecting UPS freight to contribute to that amount. We have to base our expectations on our work and the money we bring in.

 

[Muffdiver69]

We have never made 6 billion in profits. We haven't even made that in revenue. I put UPS freight at 190 million a year with the 7.4% profit margin we have.

You should have a gander at last quarter NET INCOME one quarter was in the area of 245 million that would be 3 months in the area of 1 billion yearly

 

[Kennesaw Kid]

 

[Apostolic]

It is not realistic to gauge a company on their gross profits.
When I worked as a union LTL driver,it was said if a union trucking company made a penny on a dollar.
They were doing good after operating costs.

 

[UPSFreight]

UPS Freight is profitable. Saying UPS Freight is unprofitable is the biggest lie they are pushing

 

[William at UPGF]

UPS Freight is profitable. Saying UPS Freight is unprofitable is the biggest lie they are pushing

UPS freight is profitable. We are operating at a 7.4% margin. Ups is at a 9% and supply chain is at a 15%. We made 63 million last quarter. But we also had a few years we were in the red.

 

[UPSFreight]

Bottom line is that we are profitable now and contributing to the bottom line !

 

[William at UPGF]

Bottom line is that we are profitable now and contributing to the bottom line !

I agree, But we have to be within that margin. We can't expect to eliminate contractors and still turn a profit.

 

[UPSFreight]

I don’t believe that we can eliminate contractors all together either. But there is certainly enough money in the pot to make things better for the employees that make this ship run.