United Parcel Ostriches

by matt at 6:00 am on November 18th, 2008 in Economy

UPS won’t give annual peak shipping day projection – AP (11/16/08):

Weak October retail sales and the uncertainty of the upcoming holiday season amid the worst financial crisis to hit the U.S. in decades has prompted shipping giant UPS Inc. to decide not to release a projection for the amount of packages it expects to deliver on its busiest day of the year.

It’s the first year since the world’s largest shipping carrier went public in 1999 that it won’t be making a projection for its peak shipping day, spokesman Norman Black said. The company had been scheduled to discuss its peak projection on Tuesday during an online news conference, but that has been canceled, Black said.

So projections are apparently only useful when they represent good news. And if we all stick our heads in the sand for the next couple years, nothing bad will happen…

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