Recovery Is Real, But Vulnerable - UPS - Seeking Alpha
Bullish comments out of UPS this morning. Although we’ve been seeing some very weak data out (and commentary) of the transport sector, UPS (UPS) is bucking the trend. They think the recovery is real and could continue throughout 2010 as volumes surge. At a meeting in Singapore UPS CEO Scott Davis made the following comments: “I think we will go back to see positive volumes next year as the economy improves…I believe the recovery is real, but it is gradual. It is sustainable but vulnerable.”
Bullish comments out of UPS this morning. Although we’ve been seeing some very weak data out (and commentary) of the transport sector, UPS (UPS) is bucking the trend. They think the recovery is real and could continue throughout 2010 as volumes surge. At a meeting in Singapore UPS CEO Scott Davis made the following comments: “I think we will go back to see positive volumes next year as the economy improves…I believe the recovery is real, but it is gradual. It is sustainable but vulnerable.”
