Investigators looking into last week's crash of a United Parcel Service Inc. (UPS) B747-400 freighter in Dubai are zooming in on the possibility that a fire started in the cargo hold touching off a chain of events that led to the aircraft to crashing into an uninhabited portion of military compound in the Emirate. The freighter approached the airport too fast and too high to attempt a landing, cruised overhead and short66ly afterward crashed, killing both pilots. The cockpit was reportedly … [Read more...] about Cargo fire suspected in crash of UPS freighter
UPS
New UPS distribution centre in Calgary
UPS has announced the opening of its new $30 million distribution centre at the Calgary International Airport (YYC), to provide businesses with direct access to the US and international markets. The facility will be central to the continued growth of Alberta's economy, allowing local businesses to tap into global growth markets such as China, India and Mexico, UPS said. "The rise of middle classes in China and India offers great potential to businesses in the Calgary area," said Mike Tierney, … [Read more...] about New UPS distribution centre in Calgary
101 new China stocking locations for UPS
UPS has announced plans to increase its service parts logistics network in China with 101 new field stocking locations (FSLs) which will complement its existing 950 FSLs in 120 countries. The UPS FSL network expansion will cover 89 key cities across China, spanning more than 110 bonded and non-bonded FSLs, the express company said. “This expansion in China is important to the growth of our Post Sales business worldwide and will benefit companies who require close-to-customer China FSLs for … [Read more...] about 101 new China stocking locations for UPS
UPS looking at acquisitions
United Parcel Service Inc (UPS) is looking for acquisitions to bolster its supply-chain and freight-forwarding units, according to its CEO Scott Davis. UPS has made more than 40 purchases in the past decade, and there are “likely to be some more†in the coming year, with China, India and the Middle East at the “top of the list†for expansion, said Davis according to a Bloomberg report. “We’re strengthening ourselves in emerging markets, the Middle East, … [Read more...] about UPS looking at acquisitions
Leading integrators need to reorganise networks: Datamonitor
Leading integrators DHL, TNT, FedEx and UPS need to reorganise their networks as a result of structural changes in the industry according to consulting firm Datamonitor. Despite severe cost cutting programmes, the four major integrators have all recorded a major drop in profi ts in the last quarter, largely due to significantly lower volumes as well as customers opting for cheaper alternatives, Datamonitor noted in anew report. “However, both DHL and UPS companies have gained some … [Read more...] about Leading integrators need to reorganise networks: Datamonitor
UPS, Shenzhen Customs MOU for 24/7 ops
UPS and the Shenzhen Customs authority have signed a memorandum of understanding (MOU) to seal the terms of their partnership at the soon-to-becompleted UPS intra-Asia hub, located at China’s Shenzhen International Airport. “We believe the new hub will greatly boost export developments in the Pearl River Delta region and increase the total volume of freight transportation and employment level,†said Shi Fushen, deputy director general, Shenzhen Customs Provincial HQ. … [Read more...] about UPS, Shenzhen Customs MOU for 24/7 ops