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Abroad, though, is also where UPS faces some of its biggest risk. Increasingly stringent environmental laws and rising costs for Asian labor and raw materials all make this business vulnerable. An even more immediate concern is the possibility of government-imposed tariffs or border restrictions. "Global trade is going to lead this recovery," Davis says. "I get on my bully pulpit against anything that could impede...
Volatile energy prices are another worry. When crude-oil prices rise to $100 a barrel, for instance, UPS and FedEx both recover that increase through a fuel surcharge. "They essentially lose money on the way up but make it back on the way down," Ross says. "Longer term, though, higher prices hurt the consumer, and they will downgrade service...
Cavallaro, a Brooklyn native, chose to concentrate in Government at Harvard, focusing on domestic politics—but in many ways, it would be surprising for a student at the College today to make the same choices Cavallaro did at Harvard less than 30 years...
Along with their luggage, they will also bring their passion for bettering the world to Currier House. Indeed, the pair says they are most excited to advise undergraduates as they make major life decisions. But not everyone in the family shares the same priorities...
...breakfast meeting at 8 a.m. at the pair’s house, Cavallaro brought the students danishes and even offered to make them scrambled eggs, according to Vargas, a former Currier House resident...