The global 3PL market is forecast to reach US$925.31 billion by 2020, according to a new study by Grand View Research Inc. Increased convergence on core competencies by outsourcing secondary business activities such as logistics is expected to drive the 3PL market over the forecast period. Infeasibility in managing geographically dispersed supply chain operations as a result of increased globalisation has led to several companies outsourcing their logistics function. Emerging trends such as … [Read more...] about 3PL market to reach US$925B by 2020
UPS
UPS launches trade consulting services in Asia
UPS announced the addition of Trade Management Services (TMS), comprising trade consulting, import/export technologies and managed services, to the UPS customs brokerage portfolio in Asia to facilitate customers’ expansion opportunities. “The launch of TMS is part of a long-term strategy to help our customers compete and do cross-border business more effectively. Increasing supply chain and regulatory complexities are barriers to trade, and are driving renewed focus on trade … [Read more...] about UPS launches trade consulting services in Asia
UPS expands worldwide express freight in Asia
UPS has expanded its UPS Worldwide Express Freight service in 12 new origin and nine new destination countries globally for urgent, time-sensitive and high-value international heavyweight shipments. UPS now offers the service, which is ideal for product launches, inventory shortages or equipment failure replacement parts, to 50 origin and 51 destination countries and territories throughout the world. In the Asia-Pacific region, UPS Worldwide Express Freight has been extended as an origin and … [Read more...] about UPS expands worldwide express freight in Asia
UPS expects to handle 4 million gift returns
With a record number of consumers shopping online for the holidays, post-holiday returns and exchanges will keep UPS busy right through the new year. UPS National Returns Day is Jan. 6, 2015, when the company expects consumers will ship more than 800,000 packages back to retailers and merchants. By the end of the first full week in January, UPS anticipates transporting 4 million return packages in the United States. "We have successfully completed two of three phases of the Peak holiday … [Read more...] about UPS expects to handle 4 million gift returns
UPS is hiring over 90,000 seasonal employees
UPS expects to hire between 90,000 - 95,000 seasonal employees in the US to support the anticipated holiday surge in package deliveries that began in October and continue through January 2015. The company is gearing up for increased holiday delivery volume in 2014 as it prepares to play a pivotal role in helping retailers take advantage of the holiday gift-giving season. The seasonal positions as package sorters, loaders, delivery helpers and drivers have long been an entry point for permanent … [Read more...] about UPS is hiring over 90,000 seasonal employees
FedEx, UPS make plans to avoid holiday delays
The continued dynamic growth of ecommerce fulfillment has UPS and FedEx preparing for one of the largest holiday season forecasts to date. Retailers and carriers alike are working together on ways to incentivize their consumers to spend more money, but they must also be ready to meet their shipping deadlines when consumer’s make their online purchases. The 2013 holiday shipping season experienced a number of delays, missed deliveries and service disruptions due to the increase of ecommerce … [Read more...] about FedEx, UPS make plans to avoid holiday delays