UPS CEO: US consumer is holding up - Yahoo Finance The U.S. manufacturing sector may be in recession and the jobs market is cooling down, but the U.S. consumer is still alive and kicking says shipping giant United Parcel Service (UPS). “The consumer is holding up in the U.S., there is no doubt about that. We believe it will be a healthy peak season. We think e-commerce will continue to grow,” UPS CEO David Abney told Yahoo Finance. Despite Abney’s upbeat read on a key linchpin of the economy, there are cracks starting to emerge in the U.S. consumer is strong thesis. Full blame goes to rising uncertainty among consumers on the impact on their wallets from the Trump administration’s trade war with China.