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UPS CFO does not see U.S. economy getting much worse.

Dav8tor

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Jan 29, 2002
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UPS CFO does not see U.S. economy getting much worse

Thu Apr 23, 2009 11:15am EDT
CHICAGO, April 23 (Reuters) - Although it is hard to say when the U.S. economy will recover, the pace of decline appears to be slowing, a top executive at United Parcel Service Inc (UPS.N: Quote, Profile, Research, Stock Buzz) said on Thursday.
"We don't have a unique telescope to the future on the U.S. economy ... but we don't think it's going to get much worse," Chief Financial Officer Kurt Kuehn told Reuters in a telephone interview.
Kuehn added that he expected recent gains in market share made by the world's largest package delivery company -- in particular in its international package business -- would continue. (Reporting by Nick Carey, editing by Maureen Bavdek)
 

goodgig

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On one hand, it's nice to see a little optimism - and the more people in his type of position spread that the better it might work.

On the other hand, I think he's full of it.

Imminent peril of the auto industries, swine flu scare, yada yada.
 

GittinFatter

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And if I was sitting under his golden parachute, things would be looking rather "sunny" too.
 
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