IPA strike vote results

[nightrider]

Just off the presses

93% of eligible ups pilots voted with 99.4 % (approximately 2360) voting in favor of a strike and .6% or 15 no votes.

Lets get ready to rrruuummmmbbbblleee.

Take care
N

 

[P-3 Bubba]

Actually it was 96.3% of eligible voters sent in a ballot. As you said, 99.4% of those voted YES!!!

 

[Hugh Jorgan]

I hope it doesn't come to that for Brown, but man, the solidarity is encouraging. Do you suppose anyone in Memphis is paying attention to this?

 

[flybrowntails]

as i have previously posted--i am hopeful that both brown and the ipa can come to an agreement before a strike happens. this would not serve our loyal customers, "shareowners", the company or our pilot group.

with that said I support our neg. team and our eb 100%. with the results from the vote, it is a clear picture of how dedicated and unified our group is.

waiting for the word.

fbt 100%

 

[FDJ2]

Will George Bush allow a strike at UPS?

 

[VaB]

I hope it doesn't come to that for Brown, but man, the solidarity is encouraging. Do you suppose anyone in Memphis is paying attention to this?

Paying attention to what? We got 3%. woohoo

 

[sandman2122]

UNITY, that vote from the IPA group was a fine example of what an organized group can accomplish.


After that JOKE of an offer from FedEx we should also take a strike vote down here in Memfo.

 

[Big Beer Belly]

$how Me The Money!!

UPDATE 2-UPS gaining momentum in volume growth, shares rise
Wed May 11, 2005 10:01 AM ET
(Adds analyst comment, details, background, updates stock action.)

CHICAGO, May 11 (Reuters) - United Parcel Service Inc. (UPS.N: Quote, Profile, Research) on Wednesday said U.S. volume growth was "well ahead" of expectations for the second quarter, as it moved more goods for mid-sized companies.

Citing "good momentum" through the first five weeks of the quarter, the world's largest package delivery company, whose shares rose more than 2 percent in early trading, also reiterated its forecast for profit growth in 2005 of 16 to 20 percent over the adjusted $2.90 reported last year.

"Momentum in the U.S. domestic business is visible in the early weeks of this quarter," UPS Chief Financial Officer Scott Davis said in a statement. "Through the first week of May, we are well ahead of our 2 percent guidance for total volume growth."

The company's efforts to stimulate volume growth in the U.S. business were gaining traction, particularly among mid-sized companies, he added, at a company meeting on Wednesday in New York with investors and analysts.

In addition to the U.S. volume growth, the company said second-quarter international export volume continued to climb at its expected double-digit rate.

The news was seen as positive, if not overly exciting.

"This is certainly a comforting release, but nothing more than that for investors. There is no positive surprise for investors," said Tim Ghriskey, chief investment officer with Solaris Asset Management, who does not hold UPS shares but follows them closely.

"There isn't much you can really get your arms around, but it's got to provide comfort," he said.

Last month, UPS, known for its brown delivery trucks, raised its 2005 profit outlook, citing a change in management compensation.

It raised its 2005 growth outlook to a range of 16 to 20 percent, from 13 to 17 percent, above adjusted earnings of $2.90 a share last year. That was mostly due to a shift from a fixed profit-sharing plan to a performance-based plan for management that added 4.5 cents a share to quarterly earnings and will have similar benefits through the year.

Analysts expect UPS to earn $3.41 a share on average, according to Reuters Estimates.

On April 21, UPS forecast second-quarter earnings of 82 to 87 cents a share, and reiterated its 2 to 3 percent U.S. volume growth target for the year and estimated 2 percent volume growth in the second quarter.

Going forward, UPS said the integration of Menlo Worldwide Forwarding is progressing so well that it expects $50 million to $100 million in savings in 2006 and at least $200 million in 2007.

Davis also said capital spending in 2006 and 2007 would remain at or below 6 percent of revenue, at the low end of the Atlanta company's historical range.

He added that UPS would consider acquisitions if they were in "attractive markets and offer compelling synergies that leverage our strengths."

UPS shares rose $1.59 to $73.22 on the New York Stock Exchange.

 

[cosmotheassman]

I've said it once and I'll say it again...UPS doesn't have any balls left to allow a strike. You guys might want to shoot for the moon because you'll probably get it.

 

[N1atEcon]

'Will George Bush allow a strike at UPS?'

I don't think that the government will get involved in this one. Especially since there is coverage with other freighters. I remember the strike in 1996 or 1997, Man that got ugly! Shut that place down for 2 weeks plus. They lost billions. They would have been better off to negotiate a deal but they did it the hard way.

 

[Fracster]

This is not flame bait but a serious question.

Is the contract the UPS pilots are asking for substantialy better than the current one, is it better than the current FedEx contract?

Just curious

 

[Check Essential]

This is not flame bait but a serious question.

Is the contract the UPS pilots substantialy better than the current one...

Just curious

Say again?

 

[Fracster]

Are the imrpovements solely monitary? Is it more a QOL thing.

 

[FreightNazi]

pay, retirement, scope, scheduling, insurance/bennies... everything!

 

[flybrowntails]

its quite simple.

schedules (ie qol--duty days, reserve usage, fatigue issues, flipping of the clock, stuffer trips, death march lines, min rest. ...ask a 75 or bus guy)

retirement, scope--outsourcing is a huge issue, benifits and compensation.
compensation--ups is not an airline, sorry guys-we are not, we are a multi-billion dollar trucking/freight/logistics/finance company. look at the stock price and the stability of this great company and ask them how stable and profitable they would be without the air division. growth is not in moving a package from louisville to grandmas house in st. louis. it is the defined air structure and growth internationally. compensation should be reflective of the contribution of the air crewmembers.

each article is not a seperate article but an extension of all the articles.

fbt 100%