A new service announced today by UPS, UPS Exchange Collect, helps exporters and importers accelerate payments and reduce the risks associated with international trade transactions. UPS Exchange Collect is an easy-to-use, technology-based electronic payment option that synchronizes the movement of goods, information and funds between exporters and importers.
Read MoreMajor express shippers like UPS, DHL and FedEx may be forced out of Mexico, reports Mexico City’s El Financiero. Mexican lawmakers are considering mandating that “natural or legal Mexican citizens” operate federal cargo, courier and express services and restricting foreign stakes in such companies. Public hearings should begin March 15.
Read MoreMike Eskew, the chairman and CEO of United Parcel Service, today was sworn in by President George W. Bush to the President’s Export Council.
“The President’s Export Council is the premier national advisory committee on international trade, and I know Mike Eskew will have a positive impact in his advisory role to the President,” stated Commerce Secretary Don Evans. “Twelve million American jobs depend on exports of goods and services. The President’s economic growth plan has set the course for a stronger economy that underscores the importance of trade to America’s economic growth and prosperity.”
Read MoreThe US package delivery company, UPS (United Parcel Service), is considering the possibility of leaving the Mexican market if the proposed new Federal Transport Law is passed later this year. The legislation will ban foreign companies from participating this sector. UPS is currently lobbying among legislators, attempting to demonstrate that the costs of the new law will be higher than any benefits.
Read MoreSome Mail Boxes Etc. franchisees are upset about United Parcel Service’s plans to convert the retail outlets to the UPS Store, and they may attempt to block the move in court. Two years after buying Mail Boxes Etc.,UPS is asking the franchisees to sign an amendment within a month that would make the outlets UPS stores. To sweeten the deal, UPS is offering the franchisees a 20 percent reduced rate over what the average Mail Boxes Etc. now charges. But FedEx, which has long served Mail Boxes Etc., will bow out if the stores rebrand with a competitor’s name, said Howard Clabo, FedEx spokesman.
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