UPS Fritz purchase to close this week
United Parcel Service acquired Fritz for $450m by the issue of 7.4m ‘B’shares in UPS.
Read MoreTag: Courier/Express/Parcels
Saying yes with flowers (Rutges Cargo)
A high-speed rail freight service between Amsterdam to Milan may have finally broken into
the fresh flowers market, after the first shipment last week.
The 14-hour Overnight Express service was set up as a combined passenger/freight pilot project last year for flower shippers and traders, but had struggled to win the confidence of the industry.
IT advancements deliver for UPS
United Parcel Service of America Inc. has been a quiet company, steadily increasing its business through new technology but rarely calling attention to its efforts. That stance has masked one of the most technologically advanced IT operations in the Fortune 1000.
Read MorePARCELFORCE WORLDWIDE’S WORLD OF SHOPPING WINS TOP PRIZE AT WORLD MAIL AWARDS
World of Shopping, the global shopping site developed by Parcelforce Worldwide, in partnership with Global eBusiness Solutions specialists, Retail Futures, last night picked up the Internet Commerce Award at the World Mail Awards in London
Read MoreChina Post Not Worried
Lured by the huge potential market of China, foreign and domestic delivery companies have been racing to get a bigger bite of the growing pie. UPS started direct flights to China in April, 12 years after it began operations in the country, becoming the second US express carrier after Federal Express (FedEx) to operate direct flights. UPS will operate six Boeing 747 flights a week between the two countries. The company served the China market through Hong Kong in co-operation with Sinotrans, its China-based partner, before being granted direct air rights by the US government in January. Grabbing about 5% of China’s express delivery market, UPS posted a 45% growth in 2000 over the previous year in its China business.
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