United Parcel Service has signed an agreement with a new Chinese all-cargo carrier to handle packages for UPS within China.
The first route, expected to begin service on Thursday, will connect Shanghai with Xiamen and Guangzhou. The aircraft, a 737-300 aircraft formerly owned by Lufthansa, will then return to Shanghai.
“It’s going to let us improve delivery times by up to a day for exports out of China,” UPS spokesman John Flick said Monday.
Read MoreChina lets foreign courier firms control ventures
Read MoreUnited Parcel Service Inc which is trying to find extra revenue and trim costs wherever it can amid a slump in deliveries, imposed a new penalty on customers who pay their bills late, the Wall Street Journal reported on Monday.
Read MoreUnited Parcel Service Inc. asked the California Supreme Court not to expand the number of investors who can bring securities suits in a case involving its Fritz Cos. unit.
Fritz shareholders saw their stock fall by half after the company said merger costs in 1996 were higher than expected. Investors sued, saying they would have sold shares if they’d known about the problems. Under current securities laws, only shareholders who bought or sold stock can sue.
Read MoreUPS is spending $20 million to replace old scanners with Bluetooth-enabled devices.
Each of the 304,000 packages sorted per hour at the 4-million-square-foot facility must be scanned so that UPS can provide customers with accurate tracking data.
Beginning in June 2003, UPS will start a $20 million project to replace wearable Symbol Technologies scanners at 1,700 hubs worldwide, including Worldport, with 55,000 devices that use Bluetooth wireless technology.
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