UPS doesn't see US headed for another recession - Google UPS is sticking with its earnings forecast for the full year despite what it warns will be a "bumpy ride" for the global economy. Speaking at the company's investor conference in Louisville, Ky., Chief Financial Officer Kurt Kuehn said that UPS has seen "momentum in the U.S. basically stall." Still, the company said it had already projected a slowing growth rate in the U.S. and sees the "slow but stable" pace continuing. Kuehn said at the conference it may be 2013 or beyond before growth becomes strong again. He expects 2012 be "another under-trend year."