United Parcel Service Inc. plans to expand its business in Japan by creating an extensive distribution network, UPS Chairman and Chief Executive Officer Mike Eskew said.
In an interview with media organisations, Eskew said that the company will boost its number of distribution centers in Japan to several thousand in five years from the current 72.
Read MoreUpon introduction of a comprehensive postal reform bill in the Senate, UPS has pledged its support for the measure and expressed optimism that Congress could complete work on the issue this year. “The Collins-Carper bill marks a strong step toward long-term, comprehensive postal reform,” said UPS Chairman and CEO Mike Eskew. “We are optimistic that Congress can modernize the law governing postal operations for the 21st century.
“We commend Chairman Collins for her leadership on this important and critical issue to our nation’s economy and Sen. Carper for his commitment to an efficient U.S. Postal Service,” Eskew added.
Read MoreAfter FedEx and UPS, the No. 3 player in the U.S. express package delivery market is DHL, which has a major air hub at Cincinnati/ Northern Kentucky International Airport.
Although DHL is No. 3 in the U.S., its international operations are much larger, especially in Europe, where its parent company is based.
Read MoreSenate Governmental Affairs Committee Chairman Susan Collins and Senator Tom Carper have introduced comprehensive legislation to reform the USPS. Their legislation, the first major overhaul of the USPS since 1970, would help ensure that the USPS and the millions of businesses and employees whose livelihoods depend on it remain viable into the 21st century.
Read MoreThe USPS released F2Q:04 (quarter ending March) results this week. Y-o-y volume losses within Priority Mail, Express, and Parcel Post continued, off 2.5%, 3.1%, and 6.5%.
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