UPS CEO Scott Davis On The Economy and USPS

Speaking before the U.S. Chamber of Commerce Thursday UPS Chief, Scott Davis, had a couple of things to say regarding the stimulus bill and the United States Postal Service.

He said that he has a feeling that the stimulus bill will help but he added "If somebody said you have $800 billion to stimulate the economy, I might have spent it differently."

Mr. Davis was asked what his thoughts were regarding recent talk about the postal service possibly reducing the number of delivery days due to financial problems - he said that while the Postal Service has some real challenges, it has been doing a better job running itself like a business.

He suggested that it was unlikely that UPS would get into the business of delivering first-class mail. "That would be a real challenge for our company to accept," Davis said, noting that UPS charges based on cost of service while the Postal Service will deliver a letter requiring one stamp anywhere in the country.