UPS Hurt by Slowdown in Manufacturing in Asia, Brutto Says

Discussion in 'The Latest UPS Headlines' started by cheryl, Sep 20, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    UPS Hurt by Slowdown in Manufacturing in Asia, Brutto Says - Businessweek

    United Parcel Service Inc. (UPS) projects short-term economic headwinds amid a decline in manufacturing orders in Asia while the company pursues a major acquisition in Europe, the head of its international division said.

    “We’ve seen down-trading at UPS,” Dan Brutto said this morning at a Bloomberg Government newsmaker breakfast in Washington. “We’re very bullish in the long term. I think this is just a cycle.”