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Old 04-01-2024 | 09:53 AM
  #21  
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Originally Posted by Rock
Their stock is down today. Investors aren’t excited about the new deal.
And our stock is down stubstantially more today (currently down over $9 vs UPS down $0.92). I guess investors aren't excited that we lost that revenue stream.
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Old 04-01-2024 | 10:02 AM
  #22  
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The loss ("we let it expire" - Raj) of a lucrative federal contract (Uncle Sam always pays) trucking, plane, or otherwise is not good news.

So what if USPS wanted to "move to trucking", well shocking surprise - so does FedEx. The fact that Raj and gang were not able to retain a 20 year customer or have the brains to get it renewed is concerning

Article: https://finance.yahoo.com/news/ups-w...155911656.html

UPS will replace FedEx as the dominant provider of domestic air cargo for the U.S. Postal Service for the first time in more than 20 years. The express delivery giant on Monday announced that the Postal Service has awarded it a “significant” contract to move the majority of the mail agency’s air cargo in the United States.
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Old 04-01-2024 | 10:23 AM
  #23  
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Originally Posted by TheBaron Deux
Our uphill battle for a new contract just got substantially steeper with the news today.

https://www.cnbc.com/2024/04/01/ups-...ing-fedex.html
Doesnt change much about our contract worth IMO. As someone near the bottom, I’d rather get furloughed than accept anything close to TA1.

They knew this was coming and announced another $5bil in stock buybacks. Not buying the “I’m poor” mantra.
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Old 04-01-2024 | 11:44 AM
  #24  
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Originally Posted by Tuck
that’s a silly guess. UPS pilots enter sec6 in 2 months and they almost always take well over 24 months before getting a TA..

You may be right, could be a silly guess but you made my point and I agree with you, UPS just started talks and as you said they take an average of two years. That’s relative peace compared to the stage of the game we are at, and peaceful enough to get through the election in November.
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Old 04-01-2024 | 12:24 PM
  #25  
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Party is over boys. Guess the next TA won't be what you want now.
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Old 04-01-2024 | 12:40 PM
  #26  
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Originally Posted by Stan446
Party is over boys. Guess the next TA won't be what you want now.
Looks like. Sorry about your retirement, Stan. You’ll have take a hit while I sit R24 instead of R16 for the next five years.
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Old 04-01-2024 | 12:43 PM
  #27  
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Originally Posted by TheBear
Looks like. Sorry about your retirement, Stan. You’ll have take a hit while I sit R24 instead of R16 for the next five years.
Nice try. 39K a year bump was nothing. You really think that would make a difference to someone who has maxed their 401K for over 25yrs? I'll be enjoying my pension and millions while you are sweating out a job.
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Old 04-01-2024 | 12:53 PM
  #28  
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Originally Posted by Stan446
Nice try. 39K a year bump was nothing. You really think that would make a difference to someone who has maxed their 401K for over 25yrs? I'll be enjoying my pension and millions while you are sweating out a job.
Classy.

“Leave it better than you found it.” Words very few senior FedEx pilots take to heart. But they exist. You’re not one of them.
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Old 04-01-2024 | 12:55 PM
  #29  
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Originally Posted by Stan446
Nice try. 39K a year bump was nothing. You really think that would make a difference to someone who has maxed their 401K for over 25yrs? I'll be enjoying my pension and millions while you are sweating out a job.
Im not sweating anything. It’s just a job and if I lose it I’ve got options and the sun will still come up.
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Old 04-01-2024 | 01:03 PM
  #30  
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Originally Posted by Stan446
Nice try. 39K a year bump was nothing. You really think that would make a difference to someone who has maxed their 401K for over 25yrs? I'll be enjoying my pension and millions while you are sweating out a job.
man you are a scumbag. To ever wish ill on other pilots that you share the flight deck with that just want to provide for our families and don’t have the “millions” you have is as repulsive as this company and management thieves
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