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
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
UPS opens first phase of Worldport expansion
United Parcel Service Inc. began operating the first phase of the US$1.1 billion Worldport expansion at Louisville International Airport last month. The first phase will allow UPS to expand its package-sorting capacity at the hub by 15 per cent, to 350,000 packages per hour, from 304,000 packages per hour. The second phase is scheduled to open in May 2010. A third phase will begin when the economy turns around and air freightshipping rebounds, the company said. When the total project is … [Read more...] about UPS opens first phase of Worldport expansion
UPS launches JV in Turkey
UPS has launched a new joint venture headquartered in Dubai to coordinate management and growth of UPS’ express package, freight forwarding and contract logistics services throughout the Middle East, Turkey and some portions of Central Asia. UPS will have a majority stake in the new venture, while Unsped Paket Servisi San ve Ticaret, its existing service agent in Turkey, will have a minority stake. “This joint venture will spearhead growth among our other service agents and … [Read more...] about UPS launches JV in Turkey
