Missed Service

Good post overall. However, I'd like to point out that everyone else your example weren't raking in a billion in profits every 90 days while having pilots unemployed.

Ask not what brown can do FOR YOU, But ask what can brown do TO YOU.

WhenPigsFLy

agree. By Dec 31 2022 if there is no contract then we revert back to flat dollar (ame would have occurred on Dec 31 2016 with no contract). By that date we will have over 500 guys over 60 that might be forced to leave by Dec 31 to get the bigger pension (forgot the name). Remember the company gives you the bigger one unless the contract expires then the only option is flat dollar and in most cases it will be 35K less each year on ave for a capt with around 25 years. If they cut off that option and per fed guidelines UPS has funded the pension for the highest pension they get a big win.

Missed Service

War with China, people deported, walls coming up, alienate just about everybody....

I wouldn't be so sure about the pension being there after trumpty dumpty is done with this place.

FTFF

Big picture: we are a small group and they kill us off pretty early after retirement on average. I would think they would like to target other employee groups.

Vito

Missed Service,
Don't know how old you are, but read a history book about the hysteria after Reagan "The Cowboy who was going to March us to nuclear Armageddon with the Soviets" was elected. The weak and feable Left was soooo fearful about the implications of Reagan's tough stance against the Soviets. Turns out the Soviets recognized that they weren't going to get away with all their BS anymore and ultimately made moves to accommodate Reagan's policies. The same wusses shrieked like chicken little after the Lybia bombing in 1986. After that raid, they cried , Like Schumer, that the Lybian's were going to exact revenge on us..turns out that kept real quiet for a looooong time..don't be scared, everything will be ok.

whalesurfer

Fantastic post and a very good comparison Vito. He wasn't my top choice but it is what it is - we'll be fine.
This current Armageddon-inspired hysteria is ridiculous. The political pendulum swings the way it does because it's designed to do just that.

Amazon cozying up to DHL might be a much bigger problem for us than who's in the White House.

BoilerUP

Just in case anybody cares...the average age of newhires YTD is 42.

WhenPigsFLy

I see Amazon as good and bad. Bad you can figure out. Good: It will force UPS to morph, grow, compete and focus on service. You might even see a new business model were we start selling stuff or team up with people like Walmart, Target etc. I'd expect to see us team up with some large chain for a kiosk/section in a every store where you and go and pick up your package like Fedex is going to do with Walgreens. I can see change being faster then we have ever seen. I would not expect UPS to sit by and be overrun. The days of a duopoly are over. However, they are well aware of what is to come and are already talking about it. A example is this qts earning report conf call. The top men at UPS are going to have to be innovative. I think this will cause a evolution/revolution in the management ranks of who is successful/promising in the management ranks. I can tell you one thing. 10 years from now UPS will be far different. On the other side of the street at the Pax carriers they are confronting NAI, ME3, ULCC (dom and internation), outsourcing still to bigger RJ. I'm just not sure who is gonna get their a$$ kicked more. Many changes and unknowns.

UPSFO4LIFE

Competition usually makes you stronger. Let's hope UPS is not blowing the Amazon threat off, because I can see them blowing UPS off a few years down the road.

Vito

One aspect of Amazon's business model that in our (UPS) favor is that most of Amazon's business is the type that UPS took a hit for this past quarter...Door to door small items, instead of large b2b transactions that are easier and more profitable