UPS sees trade headwinds ‘growing’ as global production and exports are slowing - CNBC
UPS CEO David Abney said global businesses are facing ‘prolonged trade uncertainty’ in Europe and China
As the U.S and China prepare for fresh trade talks, comments made by United Parcel Service Inc. management suggest investors shouldn’t be so quick to buy into the hype, as the negative effect of trade wars, including a separate standoff with the European Union, appear to be “growing.”
Meanwhile, UPS’s stock soared toward its biggest one-day gain in over a decade after the package delivery giant reported second-quarter profit and revenue beats, as its next-day air business took business away from its rivals’ two-day service.
UPS CEO David Abney said global businesses are facing ‘prolonged trade uncertainty’ in Europe and China
As the U.S and China prepare for fresh trade talks, comments made by United Parcel Service Inc. management suggest investors shouldn’t be so quick to buy into the hype, as the negative effect of trade wars, including a separate standoff with the European Union, appear to be “growing.”
Meanwhile, UPS’s stock soared toward its biggest one-day gain in over a decade after the package delivery giant reported second-quarter profit and revenue beats, as its next-day air business took business away from its rivals’ two-day service.