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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Rich1 who wrote (24479)8/17/2001 1:51:10 PM
From: westpacific  Respond to of 30051
 
UPS chairman-elect sees no signs of U.S. rebound

THIS IS HUGH NEWS< DOW DROPPED WHEN THIS HIT THE WIRE

ATLANTA, Aug 17 (Reuters) - United Parcel Service Inc. (NYSE:UPS - news) Chairman-Elect Michael Eskew said on Friday he saw no signs yet in the company's package delivery business that the U.S. economy was braced for a recovery in the third quarter.

The world's No. 1 package delivery company has, like its competitors, been hard hit this year by the impact of an economic downturn on package shipments in the critically important U.S. market.