UPS Expands Ocean Freight Service In 130 New Trade Lanes
Get Alerts UPS Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 6.6%
Revenue Growth %: +2.3%
Join SI Premium – FREE
ATLANTA, June 07, 2018 (GLOBE NEWSWIRE) -- UPS (NYSE: UPS) today announced a major expansion to its ocean Less-Than-Container Load (LCL) service with the addition of direct sailings in 130 lanes. The origin and destination countries cover most of the globe, including ports in Asia, Latin America, Africa, Europe, U.S. the Carribean and the Middle East.
Customers who do not have enough cargo to fill an entire ocean freight container can still access cost-effective ocean transportation using UPS’s extensive network of capabilities and freight facilities. Customers benefit from an economical way to transport goods versus other modes of transportation while gaining access to a broad portfolio of value-added and alternative services. These services include cargo insurance and financing solutions from UPS Capital, customs brokerage services, supplier management, sea-air service, UPS Preferred ™ LCL, and China-Europe Rail service.
“This network expansion demonstrates our ongoing investments to continually build out our network so we can meet or exceed customer demands,” said Steve McMichael, UPS Vice President, Global Ocean Freight Services. “Shippers are looking for alternative service options to limit risk, increase security, and manage inventory more efficiently with reliable transit times. We provide end-to-end support to help our customers keep promises to their customers.”
A list of the new LCL direct sailings can be found here.
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com or pressroom.ups.com and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, follow @UPS_News on Twitter.
Jennifer Cook 404-580-6099 [email protected]Source: UPS
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPS invests $48 million in 27 cold-chain freight facilities globally
- Evermore Hospitality Announces Industry-First Partnership with Harvard-Trained Social Scientist Kasley Killam to Advance Relational Wellness
- CIR-0602K Begins Dosing in Breakthrough T1D-Supported Phase 2 in Type 1 Diabetes
Create E-mail Alert Related Categories
Press ReleasesRelated Entities
TwitterSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share