UPS buys cross-border e-commerce shipping specialist i-parcel

UPS buys cross-border e-commerce shipping specialist i-parcel

UPS has boosted its cross-border e-commerce credentials with the acquisition of a US company that helps online retailers to reach foreign consumers. Massachusetts-based i-parcel helps e-commerce merchants to attract shoppers from overseas, providing localized versions of a retail website selling goods in local currencies, and it also ships the purchases to foreign consumers.

The company started up nine years ago to simplify the global e-commerce experience so that online shoppers can use British and American e-commerce websites as though they were shopping in their own country.

Once items are sold to consumers overseas, retailers ship them to one of i-parcel’s hubs in Los Angeles, Indianapolis, New Jersey or in Surrey, in the UK. i-parcel then ships the items overseas via commercial airlines, using local couriers to deliver items over the last mile.

The company’s Preferred Service offers five-to-eight business day delivery.

UPS, which did not disclose the terms of the acquisition, said the acquired firm now connects web merchants in the US and UK to more than 100 countries.

“Ever-growing”

Alan Gershenhorn, the UPS executive vice president and chief commercial officer, said his company was eyeing the huge growth in cross-border e-commerce.

He said research from Pay-Pal predicted that the current $105bn market will grow to more than $300bn by 2018, with 130m shoppers buying cross-border.

“UPS continues to look ahead to the expanding worldwide demands in the ever-growing global e-commerce market,” he said.

“UPS continues to invest in capabilities that enable its e-commerce merchants to meet the growing global demand.”

UPS, the world’s biggest package delivery firm, said i-parcel chief executive Will Gensburg would be remaining with the company following the acquisition.

Gensburg said: “i-parcel has been an international bridge linking U.S. and U.K. merchants to global e-commerce consumers throughout the world and our team is excited to join with UPS to further globalize e-commerce.”

Relevant Directory Listings

Listing image

RouteSmart Technologies

RouteSmart Technologies helps the largest postal and home delivery organizations around the world build intelligent route plans for more efficient last-mile operations. No matter the size of your business, our proven solutions allow you to decrease planning time, create balanced and efficient delivery routes, lower […]

Find out more

Other Directory Listings

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What’s the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.

 

News Archive

Pin It on Pinterest

Share This