UPS has announced the official opening of its new healthcare facility in Hangzhou, China. The move represents a major expansion of its Asia healthcare distribution network. "China represents one of the most important markets for UPS and our customers," said Jim Barber, UPS International president. "To capture this growth of consumer demand in healthcare, as well as increase presence in China, we are investing in bringing the best-in-class solutions to our customers." The Hangzhou facility … [Read more...] about UPS opens Hangzhou healthcare facility
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UPS: Continued slow growth for 2011
UPS: Continued slow growth for 2011 United Parcel Service (UPS) posted a third-quarter consolidated net income of US$1.04 billion, up five per cent from $991 million year-over-year. UPS chairman and CEO Scott Davis attributed the results to a “deceleration in exports from Asia and a challenging global economic environment.” Operating revenue rose eight per cent to $13.2 billion from $12.2 billion while operating expenses increased 9.2 per cent to $11.55 billion, producing an … [Read more...] about UPS: Continued slow growth for 2011
Cargo fire suspected in crash of UPS freighter
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
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
