KELLY: UPS POSITIONED FOR LONG-TERM GROWTH
' United Parcel Service chairman Jim Kelly told Wall Street investors that UPS is well-positioned for long-term growth.
“By sticking to a long-term strategy that emphasizes helping customers across every aspect of global — moving goods, information and money –UPS now sits astride a supply chain revolution that will likely separate the winners from the losers,” Kelly said.
UPS has changed from a company competing in a $60 billion domestic transportation market to an end-to-end supply chain provider now competing in a $3.2 trillion global market, Kelly said.
Short-term business conditions for UPS remain “fairly stable,” Kelly said. He also reaffirmed the company’s previous guidance of second quarter earnings per share at the lower end of a $0.55 to $0.60 range.