UPS increases operations in Brazil

The US UPS (United Parcel Service) had a 10% increase on the operations in Brazil in the last quarter of 2001. However, the company still has a very modest position Latin America, specially Brazil. In the domestic market UPS comes after companies like DHL, Worldwide and Fedex (Federal Express). According to Abrec (Associacao Brasileira das Empresas Courier) the leader is DHL, followed by FedEx and UPS. In 1999, the company acquired CAC (Challenge Air Cargo) and who operated in the Aeroporto Internacional de Viracopos (Sao Paulo). CAC suspended operations since early 2002 and UPS Air Cargo is the current responsible for five weekly flights to Brazil. By late 2001, UPS invested US$30mil in the construction of an international terminal for the Americas. Copyright 2002 South American Business Information. Source: Financial Times Information Limited.