UPS CEO Rails Against Protectionism

FedEx(FDX Quote) and UPS(UPS Quote) may be going after each other on the issue of their contrasting treatment under labor law, but the two companies agree strongly on another hot-button political issue: mounting protectionist sentiment.

At the Detroit Economic Club's National Summit on Tuesday, UPS CEO Scott Davis said global trade offers the best path to ending the global recession, and he blasted protectionism.

The principal threats to the global economy come from economic turmoil and protectionism," Davis said, adding, "We must argue that protectionism is the worst response at the worst time. We can't let political expediency cloud global reality." ...