UPS and the Shenzhen Customs authority signed a memorandum of understanding (MOU) today to seal the terms of their partnership at the soon-to-be-completed 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 signs Shenzhen Customs agreement for new China hub
UPS
UPS sees net profit halved in Q2 from last year
UPS saw its net profit fall 49 per cent in the second quarter, to US$445 million with company saying it expects the weak global economy to remain just as weak in the coming months. “The business environment in the third quarter should be similar to the second quarter,†UPS CFO Kurt Kuehn said. Overall revenue at UPS fell 16.7 per cent in the three months ending 30 June from the same period a year ago as volume across its domestic and international operations fell 4.7 per cent. But on … [Read more...] about UPS sees net profit halved in Q2 from last year
UPS launches new critical parts fulfillment system
UPS has announced the launch of a new Web-based system that manages global service orders and inventory for critical parts fulfillment. The UPS Post Sales Order Management System (OMS) allows companies located anywhere in the world to quickly assess their critical parts inventory, determine the most optimal routing strategy to meet customer needs, place orders online and track parts from the warehouse to the end user, UPS said in a statement. UPS said the new order management system was ideal … [Read more...] about UPS launches new critical parts fulfillment system
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. UPS network of field stocking locations provides critical logistics support to companies that must respond quickly to customer service needs, such as high-tech electronic firms, the US-based express logistics company said. UPS will expand its presence in India with … [Read more...] about UPS expands its field stocking network in Asia
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 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 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
