UPS CEO stumps for free trade - Smart Money
United Parcel Service Inc. (UPS) Chief Executive Scott Davis on Thursday warned lawmakers against implementing trade protectionist measures and called for advocates to increase lobbying efforts favoring trade.
Davis said international trade isn't the major contributing factor to U.S. job reduction, rebutting a notion held by some free-trade rivals. Using his company as an example, Davis added, "Each time we add 40 new international packages in the U.S. - in other words, 40 packages imported or exported by our customers - we create another new U.S. job somewhere in our system. Last year we grew the international portion of our business by more than 10 percent, creating thousands of new job opportunities at UPS for U.S. citizens."
United Parcel Service Inc. (UPS) Chief Executive Scott Davis on Thursday warned lawmakers against implementing trade protectionist measures and called for advocates to increase lobbying efforts favoring trade.
Davis said international trade isn't the major contributing factor to U.S. job reduction, rebutting a notion held by some free-trade rivals. Using his company as an example, Davis added, "Each time we add 40 new international packages in the U.S. - in other words, 40 packages imported or exported by our customers - we create another new U.S. job somewhere in our system. Last year we grew the international portion of our business by more than 10 percent, creating thousands of new job opportunities at UPS for U.S. citizens."