UPS on Mend, but Holiday View Unclear - The Street
Like the economy, UPS(UPS Quote) has recovered during 2009, but recently it seems to have stalled a bit.
The largest overnight package carrier, which at any moment has 6% of U.S. GDP and 2% of world GDP in its system, doesn't have a clear signal to offer on which way the holidays will go. It is hiring holiday workers at a pace slightly below its norm. And it predicts a long, slow recovery.
Like the economy, UPS(UPS Quote) has recovered during 2009, but recently it seems to have stalled a bit.
The largest overnight package carrier, which at any moment has 6% of U.S. GDP and 2% of world GDP in its system, doesn't have a clear signal to offer on which way the holidays will go. It is hiring holiday workers at a pace slightly below its norm. And it predicts a long, slow recovery.