PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727
This is where the president can have traction on getting heating oil costs down this winter.
PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727
And then he's already said to Microsoft and he negotiated with them and said, hey, look, if you're building a data center, you cannot dump that increase in cost onto the consumer.
PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727
So he's already aware of it and already drawing a line on it.
PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727
So we need help for the people that live in the northeast region.
PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727
We need the power companies, and we need the supply of oil to come up and the barrel costs to come down a little bit.
PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727
Those people with stock in Chevron and Exxon on the exploration side will disagree with that, but that's what we need because that will help.
PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727
But this article has a lot of stats from last year, and there is a reduction in heating oil costs.
PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727
Let me take a look.
PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727
Well, what's interesting is UPS is saying that it's cutting the jobs.
PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727
And the CFO was on a conference call and identified that a good number of the jobs are coming to attrition.
PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727
In other words, when people resign or retire, they're not replacing those particular jobs as they consolidate responsibilities, number one.
PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727
Number two, they had voluntary separation packages in areas where they had overhired during COVID.
PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727
Remember during COVID, nobody drove to Costco to pick up stuff.
PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727
Nobody went to Target.
PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727
Those were all being delivered by UPS.
PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727
Remember that big boxes of stuff?
PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727
And so UPS radically expanded.
PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727
And if you were working for UPS,
PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727
And you were delivering, you were getting overtime hours, you were getting extra shifts on weekends if you wanted them, and they were hiring more people in sorting facilities and in the small vehicle deliveries because not everything is a giant brown truck for UPS.
PBD Podcast
Trump's LA Rebuild TAKEOVER, Google's $68M Spying Case, UPS Layoffs + Energy Costs EXPLODE | PBD 727
Well, all of that happened then, Pat, and then it's all come back down to earth as over the last three years, people are back to driving their SUV to Costco and picking the stuff up themselves.