UPS expects continued strong U.S. export growth: CFO

Wed Apr 23, 2008 10:38am EDT
 
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CHICAGO (Reuters) - Package delivery company United Parcel Service Inc (UPS.N) expects double-digit growth in its U.S. export business to continue throughout 2008 thanks to the weak dollar, a top official said on Wednesday.

"U.S. exports are the only bright spot in an otherwise dark sky right now," Chief Financial Officer Kurt Kuehn told Reuters in a telephone interview.

UPS also expects growth in its business between Asia and Europe to continue at robust levels and is on track to complete its $10 billion share buyback program by the end of 2009, Kuehn added.

(Reporting by Nick Carey, editing by Gerald E. McCormick)

 

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