UPS has acquired US-based international e-commerce enabler and logistics company i-parcel, LLC. UPS said that the acquisition complements its international cross-border logistics capabilities from the US and UK to over 100 countries. "UPS continues to look ahead to the expanding worldwide demands in the ever-growing global e-commerce market," said Alan Gershenhorn, UPS executive vice president and chief commercial officer. "According to a Pay-Pal study, cross-border e-commerce will reach … [Read more...] about UPS buys e-commerce enabler i-parcel
UPS
UPS expands Incheon air hub in Korea
UPS officially opened its newly expanded hub at Incheon International Airport. Situated within the airport's cargo terminal area, the newly expanded hub occupies over 9,000 square metres, more than 60 per cent increase in size. The increased capacity allows UPS to increase import, export and transshipment capability by around 50 per cent. Setting new standards in Korea, the expanded hub is equipped with new technologies and infrastructure which will strengthen UPS's capability to support … [Read more...] about UPS expands Incheon air hub in Korea
Xpress seals new deals with UPS, S.F. Express
Xpress New Media (XNM) is partnering United Parcel Service (UPS) of Singapore and S. F. Express (Group) Co. to provide value-added logistics services. These include providing other value-added documentation services like completion of air waybills, shipment invoices, as well as tracking services right up to the completion of delivery at its 8–8 Biz Butler outlets and its flagship outlet in the Singapore’s central business district. XNM said the collaborations will enhance its … [Read more...] about Xpress seals new deals with UPS, S.F. Express
UPS opens new contract logistics facility in Thailand
UPS announced the opening of its newest contract logistics facility in Amphur Sungnoen, Nakhonratchasima Province. The facility is dedicated to Seagate Technology and offers small package delivery, freight and contract logistics services, and technology solutions that together demonstrate the value of a fully integrated logistics solution. Situated next to Seagate's Korat plant, the facility is a contract logistics warehouse that will operate around the clock and double its existing storage … [Read more...] about UPS opens new contract logistics facility in Thailand
UPS Capital names Ronald Chang as president
Ronald Chang, currently vice president of UPS Capital Corporation, has been named president of UPS Capital. This business unit of UPS enables smarter trade through cargo and parcel insurance, trade finance and payment services. Chang succeeds Bob Bernabucci, who will retire from the company after 41 years. "We are grateful to Bob for his loyal service and contribution to our company," said Kurt Kuehn, UPS chief financial officer. "He's built a strong portfolio of products for UPS Capital … [Read more...] about UPS Capital names Ronald Chang as president
UPS expects “excellent” peak season this year
Calling 2014 “the year of investing for the customer,” UPS’s CEO, Scott Davis announced plans to invest nearly US$175 million in its US network earlier in the year to develop technology to improve communications and forecasting - the ORION project - and open 50 new hub source locations in existing buildings to expand sorting capacity. Meanwhile in Europe, because of the strong quarterly shipment growth and changing volume distribution patterns, UPS had to pay a … [Read more...] about UPS expects “excellent” peak season this year
