UPS Supports Trade, Transportation and Tax Reform

Atlanta, September 09, 2011

Davis discusses the importance of bipartisan compromise to move the economy forward and create jobs

UPS (NYSE: UPS) applauds the White House and congressional leaders both for putting forth plans over the last week to get Americans back to work, help businesses hire and grow, reform the corporate tax code, pass long-needed trade pacts and modernize our transportation system.

“I’ll wait to see the details as they emerge on how we can get our economy moving and responsibly offset these initiatives, but I am encouraged that both the President and Republican leaders in Congress pledged to work together to find common ground and put people back to work…the American people expect and deserve no less.”

“The three trade agreements will have long-term beneficial effects for jobs and commerce. Moreover, the recognition of the need to invest in our infrastructure is timely and could generate jobs both in the near-term and long-term. And both parties mentioned the need to reform the corporate tax code which is imperative for all companies.

“If our businesses are to grow and create jobs, if our economy is to climb decisively and swiftly out of this downturn, political leaders in Washington need to resist being partisan and act on the best ideas from both sides of the aisle. Both parties should cede ground and come to a compromise now to rebuild America’s economy.”

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Scott Davis serves as Chairman and Chief Executive Officer of UPS, the world’s largest package delivery company and a global leader in logistics services. He is a member of the President’s Export Council. Davis also served as chairman of the Federal Reserve Bank of Atlanta in 2009.

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