Is anyone here invested in transport stocks?
I have a large position in UPS I bought several years ago at around $100. With the union deal and several other headwinds we are right where we started. All gains almost lost
Does anyone have faith this management team will turn it around? I’ve been patient collecting dividends but I’m a bit uneasy moving forward.
The company is going to have to raise prices and continue to automate with the new contract. In addition a dividend cut could be on the table. I am just feeling very uneasy about these guys moving forward. FedEx and Amazon have a lower cost structure for now, but won’t their employees be demanding more compensation and things level out? The other thing that concerns me is this deal wages continue to escalate. I have no idea how they’ll get out of this.
Long UPS for now but very concerned.
