UPS Doesn't Expect a Drone Delivery Invasion
04-28-2017, 07:15 AM
#1
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Posts: 1,339
UPS Doesn't Expect a Drone Delivery Invasion
Video clip of UPS CFO interview.
UPS Doesn't Expect a Drone Delivery Invasion Anytime Soon, but Does See a Healthy U.S. Economy
Despite the U.S. economy sputtering a bit in the first quarter, transport giant United Parcel Service (UPS) delivered with its latest results.
The package delivery company reported first quarter earnings of $1.32 a share, beating Wall Street forecasts for $1.29 a share. Total revenue rose 6.2% to $15.3 billion, ahead of estimates for $15.2 billion. Excluding the impact of currency fluctuations, UPS saw sales rise 7.5%. Sales in the U.S. gained 5% on the back of average daily volume growth of 2.6% and higher delivery prices. It helped, too, that UPS continued to benefit from the shift toward online shopping. Meanwhile, international average daily volume rose 12.1%.
UPS reiterated its full year profit forecast of $5.80 to $6.10 a share. Shares rose TK.
The U.S. economy bounced back toward the end of the first quarter as consumers received their delayed tax refunds, UPS CFO Richard Peretz told TheStreet. Tax refund delays have been called out this earnings season by big companies such as PepsiCo (PEP) , Procter & Gamble (PG) and Unilever (UL) as one reason for mixed results.
Ultimately for some on Wall Street, UPS' upbeat results may have come as a surprise.
JPMorgan Chase economists recently slashed their first quarter U.S. GDP growth estimates due to a slowdown in consumer spending. The economists now forecast first quarter GDP growth of a mere 0.4 percent, down from a prior estimate for a 0.6 percent increase.
https://www.thestreet.com/story/1410...HOO&yptr=yahoo
UPS Doesn't Expect a Drone Delivery Invasion Anytime Soon, but Does See a Healthy U.S. Economy
Despite the U.S. economy sputtering a bit in the first quarter, transport giant United Parcel Service (UPS) delivered with its latest results.
The package delivery company reported first quarter earnings of $1.32 a share, beating Wall Street forecasts for $1.29 a share. Total revenue rose 6.2% to $15.3 billion, ahead of estimates for $15.2 billion. Excluding the impact of currency fluctuations, UPS saw sales rise 7.5%. Sales in the U.S. gained 5% on the back of average daily volume growth of 2.6% and higher delivery prices. It helped, too, that UPS continued to benefit from the shift toward online shopping. Meanwhile, international average daily volume rose 12.1%.
UPS reiterated its full year profit forecast of $5.80 to $6.10 a share. Shares rose TK.
The U.S. economy bounced back toward the end of the first quarter as consumers received their delayed tax refunds, UPS CFO Richard Peretz told TheStreet. Tax refund delays have been called out this earnings season by big companies such as PepsiCo (PEP) , Procter & Gamble (PG) and Unilever (UL) as one reason for mixed results.
Ultimately for some on Wall Street, UPS' upbeat results may have come as a surprise.
JPMorgan Chase economists recently slashed their first quarter U.S. GDP growth estimates due to a slowdown in consumer spending. The economists now forecast first quarter GDP growth of a mere 0.4 percent, down from a prior estimate for a 0.6 percent increase.
https://www.thestreet.com/story/1410...HOO&yptr=yahoo
04-28-2017, 04:55 PM
#4
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Posts: 104
Originally Posted by G550Guy
Does this mean all the snowflake kids who want to fly drones in their pj's while living in mom/dads basement will have to get a real job?
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04-28-2017, 05:24 PM
#5
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Posts: 493
Originally Posted by Bushmaster09
Where I live(HK) this technology has created some very good jobs. I have met more than one neighbor who recently moved to HK and is renting a home much nicer than mine working for DJI. They are also incredibly interesting to speak with.
Oh really?
What kind of jobs? With whom? What type of benefits do these jobs come with? What market are they changing with these jobs? Who are the buyers and the consumers?
FYI... People with schizophrenia are incredibly interesting to speak with as well, but it doesn't mean they're changing the world or that I believe anything they say.
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04-28-2017, 07:55 PM
#6
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Originally Posted by Bushmaster09
Where I live(HK) this technology has created some very good jobs. I have met more than one neighbor who recently moved to HK and is renting a home much nicer than mine working for DJI. They are also incredibly interesting to speak with. One guy here from the Ukraine, is working with farmers back in his region. I love meeting these guys. Some of the most forward thinkers you will meet. So, not to be rude, just pointing out that the above example is not necessarily true.
Whether we like it or or not this technology will catch up with our profession. Not if but when. Pretending otherwise is akin to sticking our heads in the sand. Having said that, it'll probably be several decades before two-pilot flights become one-pilot flights with the copilot, or whatever term they'll use, monitoring from the ground.
A decade or two later it'll all be controlled from the ground via drone technology. There will be pilots but they won't necessarily be physically present on those airplanes, instead they'll operate those airplanes from the ground. Again, probably another few decades (hopefully
).Growing up I remember people speculating about trains becoming fully automatic sometime in the distant future. Well, it's slowly happening.
New 'driverless' tube trains unveiled by TFL - Telegraph
It's a very slow and gradual shift as the technology is being tested and it also allows people to get used to the idea. In this case the trains won't really need a driver but there will be a human "monitor" on those trains for a few more years.
The article in the original post wasn't really about pilot jobs but ground delivery jobs. It'll take a while but eventually those jobs will also morph into an automated delivery of some kind.
Bushmaster - out of curiosity, are you Russian? I've only heard Russians refer to Ukraine as "the" Ukraine? A leftover from Soviet Union days when Ukraine's official name was "the Ukrainian Soviet Socialist Republic."
Ukraine or the Ukraine: Why do some country names have 'the'? - BBC News
04-29-2017, 06:10 AM
#7
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Joined APC: Mar 2017
Posts: 194
Originally Posted by whalesurfer
I bet it is a very interesting group of people. This technology is so new it probably attracts people who like to 'think out of the box'.
Whether we like it or or not this technology will catch up with our profession. Not if but when. Pretending otherwise is akin to sticking our heads in the sand. Having said that, it'll probably be several decades before two-pilot flights become one-pilot flights with the copilot, or whatever term they'll use, monitoring from the ground.
A decade or two later it'll all be controlled from the ground via drone technology. There will be pilots but they won't necessarily be physically present on those airplanes, instead they'll operate those airplanes from the ground. Again, probably another few decades (hopefully).
Growing up I remember people speculating about trains becoming fully automatic sometime in the distant future. Well, it's slowly happening.
New 'driverless' tube trains unveiled by TFL - Telegraph
It's a very slow and gradual shift as the technology is being tested and it also allows people to get used to the idea. In this case the trains won't really need a driver but there will be a human "monitor" on those trains for a few more years.
The article in the original post wasn't really about pilot jobs but ground delivery jobs. It'll take a while but eventually those jobs will also morph into an automated delivery of some kind.
Bushmaster - out of curiosity, are you Russian? I've only heard Russians refer to Ukraine as "the" Ukraine? A leftover from Soviet Union days when Ukraine's official name was "the Ukrainian Soviet Socialist Republic."
Ukraine or the Ukraine: Why do some country names have 'the'? - BBC News
Whether we like it or or not this technology will catch up with our profession. Not if but when. Pretending otherwise is akin to sticking our heads in the sand. Having said that, it'll probably be several decades before two-pilot flights become one-pilot flights with the copilot, or whatever term they'll use, monitoring from the ground.
A decade or two later it'll all be controlled from the ground via drone technology. There will be pilots but they won't necessarily be physically present on those airplanes, instead they'll operate those airplanes from the ground. Again, probably another few decades (hopefully
).Growing up I remember people speculating about trains becoming fully automatic sometime in the distant future. Well, it's slowly happening.
New 'driverless' tube trains unveiled by TFL - Telegraph
It's a very slow and gradual shift as the technology is being tested and it also allows people to get used to the idea. In this case the trains won't really need a driver but there will be a human "monitor" on those trains for a few more years.
The article in the original post wasn't really about pilot jobs but ground delivery jobs. It'll take a while but eventually those jobs will also morph into an automated delivery of some kind.
Bushmaster - out of curiosity, are you Russian? I've only heard Russians refer to Ukraine as "the" Ukraine? A leftover from Soviet Union days when Ukraine's official name was "the Ukrainian Soviet Socialist Republic."
Ukraine or the Ukraine: Why do some country names have 'the'? - BBC News
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