I've been waiting most of my career to see these guys go public. I can't think of a bigger and better company in recent memory that's decided to do this.
More Quotes from Doug Rockel:
I think people still think of UPS as a strong and good company, but I think people are more rational now. They came in with fine earnings, but it wasn't the Internet play that people thought. The realization that traffic was up 5 percent, and that is equal to GDP growth, not two, three or 20 times GDP growth. The stock at that time had a premium valuation. Some of that premium has evaporated.Doug Rockel
A lot of people think Federal Express is an Internet play -- it isn't. They forget FedEx is a high-end transportation provider. The transport companies benefiting from the Web boom now are the Post Office and UPS, which are hard to invest in.
Doug Rockel
Consensus moves markets, and UP certainly has the momentum now. A healthy UP is good for everyone.
Doug Rockel
If you order a paperback book, slower delivery time via the mail or UPS is fine. But if you've ordered a fur coat, then FedEx is more of an option.
Doug Rockel
Right now, the timing of this is difficult. There's no doubt a price increase of this magnitude would be justified by the costs. But it's not what the shipping community is willing to hear right now.
Doug Rockel
They'll have to do something. If he senses in six to nine months that the deal is going forward, he can't sit there for years and watch them cherry-pick their best freight.
Doug Rockel
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