UPS Earnings Show The Weight Of $170,000 Salaries While It Learns To Navigate Shipping Slump
UPS Earnings Show The Weight Of $170,000 Salaries While It Learns To Navigate Shipping Slump
A substantial slowdown in the shipping business has caused United Parcel Service, Inc. (NYSE:UPS) to deliver lackluster first-quarter results on Tuesday.
航運業務大幅放緩導致聯合包裹服務公司（紐約證券交易所代碼：UPS）週二公佈的第一季度業績乏善可陳。
When compared to the same period last year, revenue declined 5.3% and operating profit was down 31.5% when adjusting for inflation.
與去年同期相比，經通貨膨脹調整後，收入下降了5.3％，營業利潤下降了31.5％。
The large drop in operating profit stems from recent salary negotiations between UPS and the Teamsters, the labor union that represents the company's employees.
營業利潤的大幅下降源於UPS與代表公司員工的工會Teamsters最近進行的薪資談判。
The historic wage negotiation closed last August and hit the UPS balance sheet by guaranteeing a $170,000 salary for delivery truck drivers over the next five years. Negotiations affect 340,000 UPS teamsters with higher wages and overall better working conditions, making the $170k salary the new average for UPS employees.
歷史性的工資談判於去年8月結束，保證送貨卡車司機在未來五年內獲得17萬美元的工資，從而進入了UPS的資產負債表。談判影響了34萬名UPS團隊成員，他們的工資更高，總體工作條件也有所改善，這使得17萬美元的工資成爲UPS員工的新平均水平。
Nonetheless, shares of the company were up by 2.4% as Tuesday progressed, as quarterly profit beat analyst expectations, although they were on the decline for five consecutive quarters.
儘管如此，隨着週二的進展，該公司的股價上漲了2.4％，儘管季度利潤連續五個季度下降，但仍超出了分析師的預期。
The company is boasting several positive news from recent times, including a new contract with the United States Postal Service (USPS) to provide air cargo services.
該公司最近發佈了幾條積極的消息，包括與美國郵政局（USPS）簽訂的提供航空貨運服務的新合同。
The USPS dropped FedEx Corp (NYSE:FDX) earlier this month as its main domestic air carrier, deciding not to renew a contract worth $1.5 billion, and choosing UPS instead. The new contract will go on at least for five-and-a-half years and have UPS as the primary contractor for the USPS' first-class mail, priority mail and priority express mail.
本月早些時候，美國郵政局取消了聯邦快遞公司（紐約證券交易所代碼：FDX）作爲其主要國內航空承運人的資格，決定不續簽價值15億美元的合同，而是選擇了UPS。新合同將至少持續五年半，並將UPS作爲美國郵政頭等郵件、優先郵件和優先特快郵件的主要承包商。
Read also: UPS Vs. FedEx: Which Stock Boasts A Higher Upside? Here's What Analysts Say
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The shift was considered a win-win for both competitors, as FedEx is looking to reduce its operations and take out $4 billion in structural costs by the end of fiscal year 2025.
這種轉變被認爲對兩個競爭對手來說都是雙贏的，因爲聯邦快遞希望在2025財年末之前減少運營並減少40億美元的結構性成本。
On its previous quarterly call, UPS CEO Carol Tomé called 2023 "a difficult and disappointing year." The company experienced declines in volume, revenue, and operating profit in all three of its business segments, causing analysts to cut their forecasts.
在上一次季度電話會議上，UPS首席執行官卡羅爾·託梅稱2023年是 “艱難而令人失望的一年”。該公司所有三個業務領域的銷量、收入和營業利潤均出現下降，導致分析師下調了預期。
Tomé blamed the macro environment, as well as the new employee deal as reasons behind recent drops in revenue.
Tomé將宏觀環境以及新員工協議歸咎於最近收入下降的原因。
This time, the executive showcased a more hopeful attitude. While average daily volume continued to decline, the rate of decline was slower in the first quarter both domestically and internationally.
這次，這位高管表現出了更有希望的態度。儘管日均交易量持續下降，但第一季度國內和國際的下降速度均有所放緩。
To compensate for the decline in volume, the company announced earlier this year plans to shed 12,000 positions, representing about 14% of its managerial workforce, potentially saving the company $1 billion in 2024.
爲了彌補交易量的下降，該公司在今年早些時候宣佈計劃裁掉12,000個職位，約佔其管理人員的14％，有可能在2024年爲公司節省10億美元。
Tomé is expecting the USPS deal to bring in at least part of the revenue the company needs to compensate for losses in volume. The CEO said the deal will contribute to top-line growth, fitting "beautifully with our strategy to grow our B2B business."
Tomé預計，美國郵政的這筆交易將帶來該公司彌補數量損失所需的至少一部分收入。首席執行官表示，這筆交易將促進收入增長，“非常符合我們發展B2B業務的戰略”。
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譯文內容由第三人軟體翻譯。