Fresh from announcing a 56 per cent plummet in first quarter earnings, UPS CEO Scott Davis warned that protectionist moves would seriously danger the fragile global economy. “UPS will emerge from these difficult times as a more efficient and finely-honed enterprise,†said Davis. He added: “In this worldwide recession, no one should lose focus on global trade. It is one of the most important tools we have to lift us out of this financial crisis. The fragile economic … [Read more...] about UPS CEO warns against protectionism
UPS
UPS expands India field stocking network
US-based global package delivery and logistics service provider UPS has announced plans to expand its field stocking location (FSL) network in India. "Despite current economic conditions, Asia continues to be a global manufacturing hub and market research indicates Asia's contract logistics market could overtake North America's in the next five years," said president of UPS Logistics & Distribution, Brad Mitchell. "UPS is expanding its post sales solutions in the Asia Pacific region to fulfill … [Read more...] about UPS expands India field stocking network
UPS expands its field stocking network in Asia
UPS announced plans this week to boost its global post sales service options by expanding its field stocking location (FSL) network in India and by establishing an Asia Post Sales Customer Support Centre in Clark, Philippines. "Despite current economic conditions, Asia continues to be a global manufacturing hub and market research indicates Asia's contract logistics market could overtake North America's in the next five years," said Brad Mitchell, president of UPS Logistics & Distribution. "UPS … [Read more...] about UPS expands its field stocking network in Asia
China throws up barrier to int’l express carriers
A new Chinese postal law may make life difficult for international express carriers operating in China to expand their business. The Chinese government on enacted a new postal law on 24 April that bars foreign companies from delivering domestic express letters. Without access to this segment it may be difficult to operate international express business in the country according to the Brussels-based Global Express Association, who called the move by China "protectionist". The market for express … [Read more...] about China throws up barrier to int’l express carriers
China throws up barrier to int'l express carriers
A new Chinese postal law may make life difficult for international express carriers operating in China to expand their business. The Chinese government on enacted a new postal law on 24 April that bars foreign companies from delivering domestic express letters. Without access to this segment it may be difficult to operate international express business in the country according to the Brussels-based Global Express Association, who called the move by China "protectionist". The market for express … [Read more...] about China throws up barrier to int'l express carriers
UPS CEO warns against protectionism
Fresh from announcing a 56 per cent plummet in first quarter earnings, UPS CEO Scott Davis warned that protectionist moves would seroiusly danger the fragile global economy. “UPS will emerge from these difficult times as a more efficient and finely-honed enterprise,†said Davis. He added: “In this worldwide recession, no one should lose focus on global trade. It is one of the most important tools we have to lift us out of this financial crisis. The fragile economic conditions … [Read more...] about UPS CEO warns against protectionism
