UPS Expects to ‘Hit on All Cylinders’ - Barrons
“Global trade continues to be less strong than any of us would like at this point in time,” CEO Scott Davis said on a conference call. “UPS has made the necessary adjustment. In the fourth quarter we expect to hit on all cylinders.”
UPS rival FedEx (FDX) was punished by investors because it failed to react quickly enough to falling demand for its premium services. UPS, however, appears to be navigating the slowdown effectively, some observers said.
“Global trade continues to be less strong than any of us would like at this point in time,” CEO Scott Davis said on a conference call. “UPS has made the necessary adjustment. In the fourth quarter we expect to hit on all cylinders.”
UPS rival FedEx (FDX) was punished by investors because it failed to react quickly enough to falling demand for its premium services. UPS, however, appears to be navigating the slowdown effectively, some observers said.
