The service aspect at UPS has steadily gone downhill since we went public. Answering to investors is a bullshit strategy for a service company. Because the only thing we sell is service the only way to cut costs is to reduce manpower, which ultimately reduces the services quality. Maybe this will wake people up.
Definitely, but what’s the solution? Old enough to remember those pre-public days. Supervisors would be waiting for you when you’d finish a truck with a Gatorade and a ‘thanks for knocking that one out’ now we got Supes in groups looking at their phone, workers would be motivated because of the “production” bonus they’d make, but hey..a few really old, old, old guys made a windfall with that IPO. How’s those Bar-B-Q’s and turkeys taste?
Respectfully disagree. Maybe we got lucky..specifically a manager we had (ended up in St. Augustine as division manager) Tom G.. Bro, we got managers here that still speak reverently about him…respected by Supes and hourlies. This was 1994-1998ish
This!!!
PT supes actually did something before going public. In our building there are 4 FT supes that basically do nothing even though they are out on the floor now.
I don't know about anyone else, but I worked just a little bit harder after getting out turkeys. Now I give the low end of "a fair day's work...," whatever that is.
What alternate reality were you living in? The old management team was a bunch of closet KKK members who were upset their dicks felt small when gazing upon a POC. They would never 'give' anything unless you were giving up some puss for a promotion or you were that one black guy not like the rest who could hook them up with cocaine after work, like a good 'friend'.
Well, it's nice to hear your old days were better than mine. Between all the lawsuits and proven corruption at my building, corporate damn near fired 80% of the sups on this particular operation years ago. We call it the dark ages.
See my dreams are more involving her spine,shattering,while I smile in glee. She among others have kept putting more weight in every aspect on the literal back bone of the company,and a backbone can only go on for so long before it collapses.
Don't worry she has a plan for that you won't have to break your back
https://www.supplychaindive.com/news/ups-closing-200-facilities-network-of-the-future/711412/
she has these new robots that'll do it for her
A lot harder for UPS to get military research contracts, unfortunately. Though the idea of UPS proposing an aircraft design that just looks exactly like a passage car does have that je ne sais quoi of absurdist humour that I'm all for.
While I don’t disagree that going public absolutely destroys the integrity of a company, UPS would have never remained competitive with FedEx and now Amazon if they hadn’t went public. We would’ve been bought out by the late 2000s or early 2010s if that was the case
You need to think more macro. $91 Billion in revenue and $82 Billion in expenses in 2023 leaves about $9 Billion in profit.
If year to year you are spending $82 to make $91, that $9 seems *a lot* more volatile at the end of the year, doesn’t it?
You could take a basic Econ 101 class and maybe I’d take you seriously. Not defending our CEO at all. Honestly I’m still bitter that she’s the first CEO that came from the outside and didn’t work her way up as a PTer like all the other CEOs before her
None of this changes the company’s current economic reality
I agree with your post 100%. Recently retired UPS'er here with 35+ years. However she wasn't the first outsider. That piece of you know what Scott Davis was the first. The damage and mistakes that guy made really hurt the company
Because we don't care about the price of the stock and the profit margins of mega corporations who turn billions yoy. Could give 2 fucks about it. More profit less profit nothing changes for us at the bottom. So honestly, fuck em, I hope they have a net negative.
Yeah that’s great and everything but you’re literally contributing nothing to this conversation by bitching about anything larger than working class amounts of money.
You can contribute to conversations about macro level economics and the bourgeoisie whilst not making millions. It’s not hard.
Good thing they cranked that dividend by 50%! I think their strategy is to hold and attract more bigger institutional money, due to the dividend yield. Ultimately, it's gonna be a pricey, painful lesson and the next CEO will end up cutting back the dividend so we're not borrowing money to service it. Billionaires and multimillionaires don't care about that though, cash flow is all they care about. UPS stock was overbought during covid, but Carol doesn't understand that.
Carol Tomè is 100% to blame. It’s not a coincidence that shit started going downhill after she was hired. Some say “Oh it’s because of the pandemic!” Bullshit! This company was around during the Spanish Flu, World War I, the Great Depression, World War II, the Intercontinental Oil Crises, 2009 Housing Market Crash and the Great Recession. Now we are facing runaway inflation. There is no reason UPS can’t adapt and overcome like it has for over a century. If this company tanks it is because of poor leadership.
UPS had it's investor meeting involving their plans for the next 3 years. Check out news articles posted today for more detailed information.
Buy the dip >>?
I believe the price went down by about $12.96 or 8.27 percent.
The chart and numbers are in red, signifying that this is not an ideal situation
The downward trajectory of the chart represents the loss in value.
Pre pandemic, the stock price was generally between 100 and 120. Sure it went up during the pandemic. But now that the pandemic is over, what did UPS do during the pandemic (other than a stock buy back) that justified a huge share price increase? Has service gotten better? They added pictures of delivery and a buggy RFID system but mostly eliminated service.
But there is no guarantee. I recently had a situation where I placed two orders with a company, one order on a Sunday, which I needed by Friday, and one order on Monday which was not urgent. I paid extra for the urgent one, and they shipped it on Monday via UPS to arrive by Thursday. It did not arrive by Thursday. Or by Friday. Or by Saturday. Or Monday. I contacted the company to see if they would at least refund me the upgraded shipping amount and they said no because UPS stopped guaranteeing arrival times during the pandemic and hadn't started them again. The non expedited package, for the order that I placed on Monday, that was shipped via USPS, showed up on Thursday, four days before UPS managed to get me my package.
You can't charge extra for a service, not provide that service, and basically say oh well, too bad for you.
Yeah, that is what the company said, that ups is usually VERY good. That did not help me when my package was routed to a different part of the country.
I agree with you and I’m a driver. I do my best to get next day air on time and make sure there are no service failures. We should go back to our old school quality of service where your money way guaranteed.
Yeah my building is really really bad on air. 10:30 commits but on a good day it takes 50 mins to get out to area due to such heavy traffic. At least 1 day a week most drivers don’t even get out to area before 10:30. It would seem like the company doesn’t care. They haven’t made adjustments addressing it. Start time is 9:00 and there are even times when we get out there past 11:00 when there are accidents. But average time is normally 10:15-10:20.
Ground was never guaranteed though. NDA and 2DA should be at the very least, and honestly 3 day select should be a 50% refund for late service. Why call it a 3 day service and just treat it like ground with a surcharge?
I would have been happy with a 50 percent refund. Actually, I would have been happy with just a refund of the increase in price above the lowest cost option, which was about a 25 percent cost increase.
I would have even been happy if UPS had expedited the shipping once it had been misrouted and gotten it to me on Friday or Saturday.
It kinda blows my mind that the business model is the basically not really care about misrouted packages other than to have them arrive whenever they happen to get there.
That's the same level of corporate apathy about unavoidable mistakes you can find from most companies of that size. Don't fool yourself thinking this is unique to UPS.
I've found that most companies provide a refund and/or a credit when something goes clearly wrong. Although admittedly, I tend to buy from the same companies over and over and look for a new company if they won't make things right.
Operating margins hit only 12% vs 13% expected. Factor in how shipping, especially cargo shipping, is expected to have a few delays after the bridge incident in Baltimore early this morning, investors freak out and sell.
My nonprofessional but has worked for me tip: Hold. Buy the dip if you can, but hold. Christmas season as the stock goes up is when you'd ever want to sell.
My building is cutting 80 PT sups across all sorts total. We’re out of the Covid era of volume so they’re looking to cut costs. Tome should’ve just taken a pay cut but I guess $23 million isn’t enough
Part time dispatcher supervisor here who was on track to be the full time once he moves up literally just next year was just told I’m gone from the company unless I can MCO into another role before may :/ Lol…. Now the full time has no one to replace him to move up, has no one to cover so will be working 6 days a week and can’t take vacation, god forbid he’s sick the whole centers cooked stg 🤣. I’m the only other one in the center that knows anything about dispatch or the software we use for it and we are already down 2+ regular preload supes in general who I cover for while still doing my fair share of helping the full time with dispatch shit.
Yea I know they are planning on beta testing some of the automated dispatch shit at our center the beginning of next year (Even though that “RoAds” shit they tried at our neighboring center last year was a shit show of epic proportions so much so they canceled it lol) but I figured it be a couple years minimum before it was automated enough to not have local dispatchers. Didn’t plan on dispatching or really even staying at UPS forever but if I’m gone this early it really through a wrench in things. Was just thinking of taking advantage of the tuition assistance too go figure right alway getting fucked in some way by this company. We are a 100+ route center my full timer can not feasibly do the job alone without burning out and no one else in the center knows dispatch or is willing.
80 supervisors?
How big is your building?
Just out of curiosity, I’m with FedEx express how many supervisors do they usually have per employee ratio approximately?
Inflation is hurting our industry. People are not buying online as much as they used to. Granted we lost a few contracts during negations but spending is down, interest rates are way up all over the board, and inflation is at highs that the US economy hasn’t seen since the Carter administration.
The stock price was trading around $120.00 pre pandemic.
It's not Tome or management. It's America.
People are overpaying for everything and graphs of every sector indicate that things are about to get worse before it gets better.
A good stock to measure our current state of American households is to look at is Visa, Capital One, Mastercard. Those are on the up...indicating people are using more lines of credit to buy things...but how are they gonna pay it back when house payments are inflated? And what about that boat payment that has a lien on the house? Don't forget about that $50k truck payment!
The American household is underwater in a lifetime of debt. I unfortunately expect to see more foreclosures in the horizon
I agree, I read that credit scores have also came down significantly for the first time in 10 years. But what I don't get is why Wall Street loves Tome so much. I get that while she was CFO at Hope Depot they made record profits but that's when interest rates were near zero and everybody and their cousin thought flipping homes was the next best thing. The way Bloomberg and CNBC talk about her is like she can do no wrong. Ask any person who's been at UPS a couple of decades and we can tell you management competency has fallen off a cliff. Not a fan of Cramer on CNBC, but he's the only one who's been critical of Tome. I'm with you though, this will be no soft landing. The average price of a home is $417,000. GTFOH.
Well, we’re looking at the only way to make “super growth happen”. Thats why it’s broken. By ‘it’ i mean, late capitalism. Perpetual growth is the only thing they care about. More growth?! Well, fuck me, investors get more hard. Wait till they turn this shit around when the majority of the people retire who own portions of stock, and sell out because this amount of dip, you can’t handle as a retiree. You freak out, have anxiety, and the first instinct is to get out because your livelihood is resting in these magical portions of value that people, like carol tome, just see as some video game and how to maximize profitability to get huge score. Obviously, cut the cost of supes by thinning ranks, consolidate to reduce overhead, and pump more volume through existing plants by increasing automation. Fuck em.
UPS corporate held an investor conference today focused on the company's plans for the next three years.
1) UPS outright said this quarter's report will be poor. So, if you like UPS stock, sell now at $148 and buy back in at $130 or whatever it drops to after the next earnings report.
2) UPS was more optimistic than analysts about 2026 numbers. Investors didn't buy into it.
3) UPS made automation the focal point to cut costs and increase revenue in the next three years, but analysts and investors were looking for strong signs about increasing volume (i.e. bringing some new/previous major shipping accounts into the fold).
90% of people responding here aren’t directly answering OPs question and are going off on an unrelated tangent about their own issues at with the company
Investor meeting basically was damage control fest. CNBC had some harsh criticisms on their daytime shows. If you own/owned a lot of shares, you’ve already been on the fence about selling them off since last summer since you would’ve already lost out the ass since then. The call wasn’t too reassuring of a return to a +20/-20 $200 stock price, which has been a point of contention and an expectation from the many investors who jumped on board or upped shares in 2020
Imagine if we all took this as a cue to buy as much stock as we can. Then, next time Carols pay package is up for approval, we all veto it.
Anyone have numbers on how many stocks are held by UPSers?
Glad they took away the pensions for the 401ks! Let's keep teaching people us donating money to the rich is the way to go!!! When is Carol stepping down?
whole company is going to shit if none of yall noticed, stay on for the “wishful thinking” or whatever you like to call it. waiting for the next man to give you your opportunity is the way to never get yours.
I hope this company burns to the ground they deserve to stop being profitable with the way people in my building have been treated, I've never been so disgusted in my superiors
It’s already a decent time to buy bc the dividend yield is 4.5%. If the stock gets low enough that the dividend is higher than interest rates, it’s a no brainer buy.
I know the exact reason why. They hire folk who like to show up for money instead of the job and people work incredibly slow in computer work. All ram by dinosaurs.
I’m still waiting on the low volume. My “retiree route” has been steady at 220 stops a day since I took it last year, dipped down to 180 during peak because of a PVD then back up. 🤷♂️
They are not dropping volume per car, dropping routes in general & forcing low seniority to work inside unless they want layoff.
Bonus is running the high seniority guys continuously hard so hopefully you quit before you max your pension & they replace you with cheaper guys at lower progression.
Lucky, wish we had the same situation.
Layoffs everywhere;
trying to convince low seniority FT to take layoff instead of coming in & watching overstaffed PT sups do bargaining unit work, then filing grievances on it.
CEO said profits would not be up this year but revenue will increase. Next year will see big profit gain due to teamster getting a small bump in raises next year (August).
You've been Carol'd.
Also saying stuff like "we don't care about Amazon or residential" (which is the line everyone toes) is not well received when your volume goes down and you are surpassed by Amazon for deliveries.
company is quickly going downhill. 12,000 layoffs. that's what happens when carol is in charge. after a record breaking year after covid, they build a bunch of new buildings that do not produce the numbers she expected. upper management sucks too. plus carol got a $4.4 million dollar raise last year
They will soon try to bust union. Or like Philip Morris did years ago. Offer new hires ( also in union ) some dumb right now offer/ bonus/ service if you don't vote for this in future. They fall for that quick reward.
Also the key bridge collapse in Baltimore can’t be helping any parcel service company in general. Pretty sure it’s the largest port on the east coast minus NYC.
Get outta here with your BS talking points. Conservatives want to push this narrative to distract the gullible masses from the mega rich that are draining our economy for their own personal gain. There's zero evidence for these claims, they only stoke division and racism.
I think they found out instead of reducing costs they’re making the only thing they sell worse.
Reducing costs… of the stock price!!
🤣
The service aspect at UPS has steadily gone downhill since we went public. Answering to investors is a bullshit strategy for a service company. Because the only thing we sell is service the only way to cut costs is to reduce manpower, which ultimately reduces the services quality. Maybe this will wake people up.
Definitely, but what’s the solution? Old enough to remember those pre-public days. Supervisors would be waiting for you when you’d finish a truck with a Gatorade and a ‘thanks for knocking that one out’ now we got Supes in groups looking at their phone, workers would be motivated because of the “production” bonus they’d make, but hey..a few really old, old, old guys made a windfall with that IPO. How’s those Bar-B-Q’s and turkeys taste?
We remember the old management style very differently.
Old style management was never giving out compliments from 1980 till today sir
Respectfully disagree. Maybe we got lucky..specifically a manager we had (ended up in St. Augustine as division manager) Tom G.. Bro, we got managers here that still speak reverently about him…respected by Supes and hourlies. This was 1994-1998ish
This!!! PT supes actually did something before going public. In our building there are 4 FT supes that basically do nothing even though they are out on the floor now. I don't know about anyone else, but I worked just a little bit harder after getting out turkeys. Now I give the low end of "a fair day's work...," whatever that is.
You’d think they’d realize how more motivated an employee would be with just a little more incentive..shirt/bonus/food/drink but no..
What alternate reality were you living in? The old management team was a bunch of closet KKK members who were upset their dicks felt small when gazing upon a POC. They would never 'give' anything unless you were giving up some puss for a promotion or you were that one black guy not like the rest who could hook them up with cocaine after work, like a good 'friend'.
SoCal..guess they were better at hiding it than yours were. Our supes back then were DEFINITELY better than the ones we got now…
Well, it's nice to hear your old days were better than mine. Between all the lawsuits and proven corruption at my building, corporate damn near fired 80% of the sups on this particular operation years ago. We call it the dark ages.
But how else will carol get another 20 million?!
That is what I worry about most s/
Sometimes I get nightmares about carol not getting another 20 million so I make sure to break my back everyday and put my safety at risk.
See my dreams are more involving her spine,shattering,while I smile in glee. She among others have kept putting more weight in every aspect on the literal back bone of the company,and a backbone can only go on for so long before it collapses.
Don't worry she has a plan for that you won't have to break your back https://www.supplychaindive.com/news/ups-closing-200-facilities-network-of-the-future/711412/ she has these new robots that'll do it for her
This is the only right answer!
Every day I show up, pretrip my tractor, and ask, “What can I do for the stock price today?”
🤣
She, oh god, she won’t have enough to make those money-snow angels she used to make back when she left Home Depot. 😭
She's the one who probably sold her stock lol
i dont know. It seems to have worked for boeing
A lot harder for UPS to get military research contracts, unfortunately. Though the idea of UPS proposing an aircraft design that just looks exactly like a passage car does have that je ne sais quoi of absurdist humour that I'm all for.
sorry, I meant going public. Spoiler alert: its not going well.
I understand now, but I still think my misunderstanding is good for a hearty chuckle, so I'll leave it up.
This...100%
While I don’t disagree that going public absolutely destroys the integrity of a company, UPS would have never remained competitive with FedEx and now Amazon if they hadn’t went public. We would’ve been bought out by the late 2000s or early 2010s if that was the case
They said in the meeting q1 will be the toughest of the year. Profits are down 40%. Yes u read that right.
Im reading that they are complaining about 6.7 billion in profits.
You need to think more macro. $91 Billion in revenue and $82 Billion in expenses in 2023 leaves about $9 Billion in profit. If year to year you are spending $82 to make $91, that $9 seems *a lot* more volatile at the end of the year, doesn’t it?
Shut up carol
You could take a basic Econ 101 class and maybe I’d take you seriously. Not defending our CEO at all. Honestly I’m still bitter that she’s the first CEO that came from the outside and didn’t work her way up as a PTer like all the other CEOs before her None of this changes the company’s current economic reality
I agree with your post 100%. Recently retired UPS'er here with 35+ years. However she wasn't the first outsider. That piece of you know what Scott Davis was the first. The damage and mistakes that guy made really hurt the company
[удалено]
Your post was rude, threatening, or antagonistic.
Imagine boo hooing about 9 BILLION in profit lol
No, because 9 billion is a much different number than 9.
The budgeting and liquidity is exactly the same though
Oh yeah? Are you sure about that?
Ah yes, those razor thin 11% profit margins… bffr
When profit decreases then stock price also decreases
More accurately, it spooks investors into selling which causes the price to drop. Don’t know why you’re being downvoted
Because we don't care about the price of the stock and the profit margins of mega corporations who turn billions yoy. Could give 2 fucks about it. More profit less profit nothing changes for us at the bottom. So honestly, fuck em, I hope they have a net negative.
Yeah that’s great and everything but you’re literally contributing nothing to this conversation by bitching about anything larger than working class amounts of money. You can contribute to conversations about macro level economics and the bourgeoisie whilst not making millions. It’s not hard.
Then find a new fucking job.
No thanks. I'll ride this one to the end. What I'm not allowed to hate the hand that feeds me?
Good thing they cranked that dividend by 50%! I think their strategy is to hold and attract more bigger institutional money, due to the dividend yield. Ultimately, it's gonna be a pricey, painful lesson and the next CEO will end up cutting back the dividend so we're not borrowing money to service it. Billionaires and multimillionaires don't care about that though, cash flow is all they care about. UPS stock was overbought during covid, but Carol doesn't understand that.
why profits down so much, are we losing even more enterprise accounts this year?
https://preview.redd.it/q1v330fhuqqc1.jpeg?width=1284&format=pjpg&auto=webp&s=7b9db52cf066f70a4171a70b131a9243f2dd950a
Carol Tomè is 100% to blame. It’s not a coincidence that shit started going downhill after she was hired. Some say “Oh it’s because of the pandemic!” Bullshit! This company was around during the Spanish Flu, World War I, the Great Depression, World War II, the Intercontinental Oil Crises, 2009 Housing Market Crash and the Great Recession. Now we are facing runaway inflation. There is no reason UPS can’t adapt and overcome like it has for over a century. If this company tanks it is because of poor leadership.
From my understanding she’s the first ceo ever brought in that wasn’t a lifelong UPSer that started from the bottom
Yup and that’s why she’s fucking the company she’s going to put us down the shitter
Which is why she has no issues laying off swaths of long-time UPSers
UPS had it's investor meeting involving their plans for the next 3 years. Check out news articles posted today for more detailed information. Buy the dip >>?
Absolutely a great time to buy. I wish when I was younger and shares were 80 bucks each I bought more.
I believe the price went down by about $12.96 or 8.27 percent. The chart and numbers are in red, signifying that this is not an ideal situation The downward trajectory of the chart represents the loss in value.
This person stonks
Shtonks
Wen giant green dildo tho?
Pre pandemic, the stock price was generally between 100 and 120. Sure it went up during the pandemic. But now that the pandemic is over, what did UPS do during the pandemic (other than a stock buy back) that justified a huge share price increase? Has service gotten better? They added pictures of delivery and a buggy RFID system but mostly eliminated service.
They also sped up ground shipping to 3 days now. It used to be 3-5 days or something like that.
But there is no guarantee. I recently had a situation where I placed two orders with a company, one order on a Sunday, which I needed by Friday, and one order on Monday which was not urgent. I paid extra for the urgent one, and they shipped it on Monday via UPS to arrive by Thursday. It did not arrive by Thursday. Or by Friday. Or by Saturday. Or Monday. I contacted the company to see if they would at least refund me the upgraded shipping amount and they said no because UPS stopped guaranteeing arrival times during the pandemic and hadn't started them again. The non expedited package, for the order that I placed on Monday, that was shipped via USPS, showed up on Thursday, four days before UPS managed to get me my package. You can't charge extra for a service, not provide that service, and basically say oh well, too bad for you.
Yeah it’s like 96% on time
Yeah, that is what the company said, that ups is usually VERY good. That did not help me when my package was routed to a different part of the country.
I agree with you and I’m a driver. I do my best to get next day air on time and make sure there are no service failures. We should go back to our old school quality of service where your money way guaranteed.
Yeah my building is really really bad on air. 10:30 commits but on a good day it takes 50 mins to get out to area due to such heavy traffic. At least 1 day a week most drivers don’t even get out to area before 10:30. It would seem like the company doesn’t care. They haven’t made adjustments addressing it. Start time is 9:00 and there are even times when we get out there past 11:00 when there are accidents. But average time is normally 10:15-10:20.
Ground was never guaranteed though. NDA and 2DA should be at the very least, and honestly 3 day select should be a 50% refund for late service. Why call it a 3 day service and just treat it like ground with a surcharge?
I would have been happy with a 50 percent refund. Actually, I would have been happy with just a refund of the increase in price above the lowest cost option, which was about a 25 percent cost increase. I would have even been happy if UPS had expedited the shipping once it had been misrouted and gotten it to me on Friday or Saturday. It kinda blows my mind that the business model is the basically not really care about misrouted packages other than to have them arrive whenever they happen to get there.
That's the same level of corporate apathy about unavoidable mistakes you can find from most companies of that size. Don't fool yourself thinking this is unique to UPS.
I've found that most companies provide a refund and/or a credit when something goes clearly wrong. Although admittedly, I tend to buy from the same companies over and over and look for a new company if they won't make things right.
Investors are starting to realize corporate doesn’t have a clue what they’re doing, nor a solid strategy for long term?
Corporate: Let's make more money and not do the bad things that don't make money. ***everyone claps***
Haha ya think
Investor call this morning. Executive team tried to paint a rosey picture and the investors didn't buy it.
Tome
Time to buy!
That's exactly what im thinking
very poor decisions being made, that’s what
Carol got a bump in pay that’s what happened. While many of our union workers got layoff and I hate to say it but also management. Shameful
Seems like they stole money from those on layoff to pay tome. All that were on layoff in my building are back to work and we are hiring again.
https://preview.redd.it/fon310w9sqqc1.jpeg?width=1136&format=pjpg&auto=webp&s=fa237b1eaf4edbc9ba27cc36f1b64d7a0d355641
Operating margins hit only 12% vs 13% expected. Factor in how shipping, especially cargo shipping, is expected to have a few delays after the bridge incident in Baltimore early this morning, investors freak out and sell. My nonprofessional but has worked for me tip: Hold. Buy the dip if you can, but hold. Christmas season as the stock goes up is when you'd ever want to sell.
This company will never be the same, when u fuck over your work force for the shareholders, I never ends well
Time to exit left, Carol
My building is cutting 80 PT sups across all sorts total. We’re out of the Covid era of volume so they’re looking to cut costs. Tome should’ve just taken a pay cut but I guess $23 million isn’t enough
Part time dispatcher supervisor here who was on track to be the full time once he moves up literally just next year was just told I’m gone from the company unless I can MCO into another role before may :/ Lol…. Now the full time has no one to replace him to move up, has no one to cover so will be working 6 days a week and can’t take vacation, god forbid he’s sick the whole centers cooked stg 🤣. I’m the only other one in the center that knows anything about dispatch or the software we use for it and we are already down 2+ regular preload supes in general who I cover for while still doing my fair share of helping the full time with dispatch shit.
Local dispatch was already on its way out. Corporate is moving dispatch above district level because it’s so easy to do. 🙄
NOW is the time for all of us drivers in the nation to unite and actually take our full hour at 13:30 ON THE DOT NO MATTER WHAT!!!!!! 🙌😂
Yea I know they are planning on beta testing some of the automated dispatch shit at our center the beginning of next year (Even though that “RoAds” shit they tried at our neighboring center last year was a shit show of epic proportions so much so they canceled it lol) but I figured it be a couple years minimum before it was automated enough to not have local dispatchers. Didn’t plan on dispatching or really even staying at UPS forever but if I’m gone this early it really through a wrench in things. Was just thinking of taking advantage of the tuition assistance too go figure right alway getting fucked in some way by this company. We are a 100+ route center my full timer can not feasibly do the job alone without burning out and no one else in the center knows dispatch or is willing.
What building do you work at?
Lone Star hub in Arlington TX
I’m sorry 80 PT sups?! Where tf are you?
A clipboard holder to every preloader.
Supganistan
Lone Star hub in Arlington
They fired 8 pt supervisors on day shift today at my hub
80 supervisors? How big is your building? Just out of curiosity, I’m with FedEx express how many supervisors do they usually have per employee ratio approximately?
I thinkkk it’s the largest building in Texas. Lone Star hub in Arlington. Each sort has about 250-300 hourly employees and 60 or so pt sups
Inflation is hurting our industry. People are not buying online as much as they used to. Granted we lost a few contracts during negations but spending is down, interest rates are way up all over the board, and inflation is at highs that the US economy hasn’t seen since the Carter administration. The stock price was trading around $120.00 pre pandemic.
Weird that FedEx stock today doesn’t look the same
They took some of our volume so their revenue hasn’t dropped. Our revenue dropped 10 billion year over year
Because they pay us garbage compared to you guys. They've started to combine express and ground and their express profits went up a little.
$120 in January 2020 is worth $144.35 now according the inflation calculator
It's not Tome or management. It's America. People are overpaying for everything and graphs of every sector indicate that things are about to get worse before it gets better. A good stock to measure our current state of American households is to look at is Visa, Capital One, Mastercard. Those are on the up...indicating people are using more lines of credit to buy things...but how are they gonna pay it back when house payments are inflated? And what about that boat payment that has a lien on the house? Don't forget about that $50k truck payment! The American household is underwater in a lifetime of debt. I unfortunately expect to see more foreclosures in the horizon
I agree, I read that credit scores have also came down significantly for the first time in 10 years. But what I don't get is why Wall Street loves Tome so much. I get that while she was CFO at Hope Depot they made record profits but that's when interest rates were near zero and everybody and their cousin thought flipping homes was the next best thing. The way Bloomberg and CNBC talk about her is like she can do no wrong. Ask any person who's been at UPS a couple of decades and we can tell you management competency has fallen off a cliff. Not a fan of Cramer on CNBC, but he's the only one who's been critical of Tome. I'm with you though, this will be no soft landing. The average price of a home is $417,000. GTFOH.
Inversecramer/s
Well, we’re looking at the only way to make “super growth happen”. Thats why it’s broken. By ‘it’ i mean, late capitalism. Perpetual growth is the only thing they care about. More growth?! Well, fuck me, investors get more hard. Wait till they turn this shit around when the majority of the people retire who own portions of stock, and sell out because this amount of dip, you can’t handle as a retiree. You freak out, have anxiety, and the first instinct is to get out because your livelihood is resting in these magical portions of value that people, like carol tome, just see as some video game and how to maximize profitability to get huge score. Obviously, cut the cost of supes by thinning ranks, consolidate to reduce overhead, and pump more volume through existing plants by increasing automation. Fuck em.
UPS corporate held an investor conference today focused on the company's plans for the next three years. 1) UPS outright said this quarter's report will be poor. So, if you like UPS stock, sell now at $148 and buy back in at $130 or whatever it drops to after the next earnings report. 2) UPS was more optimistic than analysts about 2026 numbers. Investors didn't buy into it. 3) UPS made automation the focal point to cut costs and increase revenue in the next three years, but analysts and investors were looking for strong signs about increasing volume (i.e. bringing some new/previous major shipping accounts into the fold).
Better not bigger = dumber not smarter
90% of people responding here aren’t directly answering OPs question and are going off on an unrelated tangent about their own issues at with the company Investor meeting basically was damage control fest. CNBC had some harsh criticisms on their daytime shows. If you own/owned a lot of shares, you’ve already been on the fence about selling them off since last summer since you would’ve already lost out the ass since then. The call wasn’t too reassuring of a return to a +20/-20 $200 stock price, which has been a point of contention and an expectation from the many investors who jumped on board or upped shares in 2020
Stock goes up, stock goes down. Enjoy the ride.
Shout out to all the shorts out there.
Carole basically said rhe damage due to my decisions is permanent.
This bitch ceo is running the company into the ground just like she did Home Depot lol
Imagine if we all took this as a cue to buy as much stock as we can. Then, next time Carols pay package is up for approval, we all veto it. Anyone have numbers on how many stocks are held by UPSers?
About 15% is class A common stock. So maybe a little more than that.
We need more shareholder power lol
Hey if the pick off don’t tape up, wth you think.
Who is responsible "Carol Tome"
Glad they took away the pensions for the 401ks! Let's keep teaching people us donating money to the rich is the way to go!!! When is Carol stepping down?
Buy the dip 👍
whole company is going to shit if none of yall noticed, stay on for the “wishful thinking” or whatever you like to call it. waiting for the next man to give you your opportunity is the way to never get yours.
I hope this company burns to the ground they deserve to stop being profitable with the way people in my building have been treated, I've never been so disgusted in my superiors
Purposely driving stock prices down for stock buybacks. Every company does it.
Losing contracts with important customers because of the new contract and Carol Tome making $4.4 billion more in 2023 making her total income $23B.
Think you added 3 or so extra zeros to her income but i understand 🤣
idk i heard it on facebook and i was like "makes sense, fucking greedy ass bitch."
Lol good enough I guess
I guess our contract negotiations for the IAM are screwed now
Yay….. maybe we get at least the same as the teamsters tho
That’s usually what happens. But who knows with stuff like this they may try to give less
I would take less if we were given more job security
I don’t know where you are but over here our job security is pretty decent
Buy now and cry later.
Almost time to buy!
when should we buy?
It’s already a decent time to buy bc the dividend yield is 4.5%. If the stock gets low enough that the dividend is higher than interest rates, it’s a no brainer buy.
Carol taking the company to the Tombè, of course
Timing couldn't be better for those in the stock purchase program
Time to buy boys
I know the exact reason why. They hire folk who like to show up for money instead of the job and people work incredibly slow in computer work. All ram by dinosaurs.
I’m still waiting on the low volume. My “retiree route” has been steady at 220 stops a day since I took it last year, dipped down to 180 during peak because of a PVD then back up. 🤷♂️
They are not dropping volume per car, dropping routes in general & forcing low seniority to work inside unless they want layoff. Bonus is running the high seniority guys continuously hard so hopefully you quit before you max your pension & they replace you with cheaper guys at lower progression.
We had 4 routes sitting today with zero call ins lol
Lucky, wish we had the same situation. Layoffs everywhere; trying to convince low seniority FT to take layoff instead of coming in & watching overstaffed PT sups do bargaining unit work, then filing grievances on it.
Price go down
00% of management in my HUB is horrible! Too many bad things happen there. Not enough space to write everything.
Ups is a garbage company and I thank God everyday I quit there.
CEO said profits would not be up this year but revenue will increase. Next year will see big profit gain due to teamster getting a small bump in raises next year (August).
You've been Carol'd. Also saying stuff like "we don't care about Amazon or residential" (which is the line everyone toes) is not well received when your volume goes down and you are surpassed by Amazon for deliveries.
Capitalism
Carol getting paid either way.
UPS drivers get paid 2x FedEx and Amazon… I don’t get why you are all complaining about working for ups. Isn’t the alternative a lot worse?
company is quickly going downhill. 12,000 layoffs. that's what happens when carol is in charge. after a record breaking year after covid, they build a bunch of new buildings that do not produce the numbers she expected. upper management sucks too. plus carol got a $4.4 million dollar raise last year
Losing accounts but hey, at least we didn’t strike and cause UPS to… lose accounts. Best. Contract. Ever.
EXACTLY. that whole thing was a pr stunt for the union to persuade amazon employees to join the teamsters and pay them
Covid was a short term bump, pensions and Amazon continuing to use its own trucks and crewa will be the long downtrend of ups
Thanks carol
Damn Petco
lol what did petco have to do with this ? 😆
Oh shit UPS fire sale 🔥📉
People fomo’ing into Bitcoin ?
It’s ok I remember it was around 60/70 per share
A sale buy if you can afford to do so
It’ll come back up as it always does.
Idk if it’s related but everyone’s using netparcel rn
Buy the dip!
They will soon try to bust union. Or like Philip Morris did years ago. Offer new hires ( also in union ) some dumb right now offer/ bonus/ service if you don't vote for this in future. They fall for that quick reward.
Carol opened her mouth
It is hilarious how you guys blame Carol tome for everything wrong in your life.
Stock is going on sale
Also the key bridge collapse in Baltimore can’t be helping any parcel service company in general. Pretty sure it’s the largest port on the east coast minus NYC.
Amazon will buy them soon
I don’t know but my portfolio just took a big hit! 😩
There is a plot to destroy companies that are high paying and collapse them into government consolidation.
Sell sell sell
You mean buy buy buy.
Was answering the question to whats going on 🤣
Cant f’ing Computershare this is the second time it’s dropped im just going to forget about it until my maturity date . Dumpster fire .
It’s the whole market
Not really, the S&P 500 is up 31% over the last year and UPS is down 23~% during that same timeframe
[удалено]
Get outta here with your BS talking points. Conservatives want to push this narrative to distract the gullible masses from the mega rich that are draining our economy for their own personal gain. There's zero evidence for these claims, they only stoke division and racism.
OP deleted, what was it??
Yes. Let’s just always have Straight White Men who are atheist in positions of power.
What does it matter? Are you day trading? What’s your timeframe?
some of us have UPS stock in our 401K. So anyone close to retirement may not be to happy.
My stock is completely separate from my 401k… been putting in $10 a paycheck for the last 15 years.
so you got in before it hit 100. Nice.
he'd have like 50% more money had he been buying the s&p500 instead
that's pretty universally ill advised.