UPS CEO Says More Risk Than Before Of Recession
January 9, 2008 – 5:49 pmThe country is at increased risk of falling into a recession, and it isn’t clear when the slowing economy will rebound, the chief executive of United Parcel Service Inc. (UPS) said Wednesday. CEO Scott Davis, who took over the helm of the world’s largest shipping carrier earlier this month following Mike Eskew’s retirement, told a Metro Atlanta Chamber of Commerce gathering that overall economic growth is lethargic. “Hopefully, we’ll work our way through it,” Davis said of the economy. He said he couldn’t say for sure if the U.S. will fall into a recession, but he added, “There’s more risk than there was before.”