UPS execs look to buy assets during recession

Discussion in 'The Latest UPS Headlines' started by cheryl, Feb 11, 2009.

  1. cheryl

    cheryl I started this. Staff Member

    UPS execs look to buy assets during recession - Courier Journal

    UPS executives view the downtrodden economy as an opportunity, at least when it comes to acquisitions.

    "We think there will be opportunities for UPS to buy assets and/or companies" at reduced prices, CFO Kurt Kuehn said.

    UPS has the financial wherewithal to step in when others don't, he said, and is keeping "our powder dry" in the interim.