UPS expects record profit, "slow-growth economy"

LOUISVILLE, Kentucky (Reuters) - United Parcel Service Inc Chief Executive Scott Davis said the world's largest package delivery company is on track for record results this year in the face of the economy's "bumpy ride" and expectations for sluggish economic growth.

Analysts were concerned that package delivery companies such as UPS and rival FedEx Corp would fall short because of the economy and plummeting consumer sentiment. Even as the company repeated its expectations, concerns about near-term economic growth appear to be clouding the reaction of investors.