Tag: UPS

To support its rapidly growing presence in China, UPS announced today that it has been selected as the Official Logistics and Express Delivery Sponsor of the Beijing 2008 Olympic Games. The agreement was signed today in Beijing in a ceremony hosted by The Beijing Organizing Committee for the Games of the XXIX Olympiad (BOCOG). Under the agreement, UPS will provide logistics consultation and management to BOCOG, and assist BOCOG to develop and execute the logistics operating plan for the Beijing 2008 Olympic Games. UPS also will provide express delivery services to venues during the Games.

A doubling in shipments out of China helped UPS increase earnings by a better than expected 22 per cent in the second quarter. Rapid international expansion, especially in Asia, has helped the package delivery and logistics group offset slower growth in the US over recent months. But there were signs in the second quarter that the domestic business was recovering strength, following management restructuring and an increased focus on medium-sized business customers. International export volume rose 18 per cent, helped by “steady” growth in the world economy. Asian exports were up nearly 40 per cent. This month the group announced plans to launch a domestic express delivery service in China and build a new hub for Asian operations in Shangahi.