|
UPS is also better equipped now to do more with less. As technology improves, the company needs fewer workers to handle every package. Kuehn said at the conference it may be 2013 or beyond before growth becomes strong again. He expects 2012 be "another under-trend year." "The next three years might be a little bumpy," Kuehn said. Still, the company projects earnings growth of between 10 and 15 percent per year through 2016. United Parcel Service Inc. and rival FedEx Corp. are gauges of broader economic health because consumers and businesses rely on the two behemoths to move everything from overnight documents to car parts and refrigerators. Also Thursday, UPS raised the number of shares it plans to buy back this year to $2.7 billion from $2 billion previously. Shares of Atlanta-based UPS fell 19 cents to $65.97 in afternoon trading.
[Associated
Press;
Copyright 2011 The Associated Press. All rights reserved. This
material may not be published, broadcast, rewritten or
redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor