Category: UPS Press Release

Service helps customers balance speed and cost in supply chains

UPS® (NYSE: UPS) announced today the addition of a Full Container Load (FCL) rail solution to its China-to-Europe transportation lineup. The move is the latest in a series of expansions of UPS’s worldwide forwarding services designed to offer customers more choices for shipping.

“Our customers are looking to UPS for ways to achieve their business objectives of reaching new markets and reducing costs,” said Keith Andrey, UPS vice president of ocean freight and multimodal services. “We are excited to add our rail option for our customers in one of the world’s largest freight lanes to complement our existing ocean and air freight and package capabilities. This gives customers access to a broader transportation portfolio to better meet their business needs.”

Expanded facility will increase package processing capacity by more than 80 percent

Construction recently began to expand by one-third the UPS® (NYSE: UPS) package distribution facility on Swinnea Road in Memphis. The project will add approximately 140,000 square feet of building space bringing the total to more than 430,000 square feet at an estimated cost of $70 million. The facility will improve processing rates through increased capacity and expanded use of UPS’s next generation sorting technology when completed in early 2016.

UPS expects to add 350 new jobs over a three-year period to meet volume growth at this site. These jobs include tractor trailer and delivery drivers, package handlers, management, maintenance and support staff. According to the Economic Development Growth Engine for Memphis and Shelby County (EDGE), the project will create nearly $9.8 million in new tax revenue for the metro area.

Combines UPS shipping with insurance for high-value goods in all-in-one, simple solution

UPS Capital® Corporation, a business unit of UPS® (NYSE:UPS) that helps customers achieve smarter trade with financing and insurance solutions, today announced the expansion of its Jeweler’s Elite Program to San Francisco, Philadelphia, and Providence.

Designed specifically to help jewelers protect their high-value shipments, the service delivers time and cost savings by combining UPS shipping with insurance offered through UPS Capital Insurance Agency, Inc.

New Pricing Addresses Industry Trend, Promotes Packaging Efficiency and Environmental Responsibility

UPS® (NYSE:UPS) today announced that, beginning December 29, 2014, in the United States, dimensional weight will be utilized to calculate the billable weight of a shipment on all UPS® Ground services and UPS® Standard to Canada packages. UPS already applies this method for UPS air services (domestic and international), UPS Standard™ to Mexico ground services and for UPS® Ground packages and UPS® Standard to Canada packages measuring 3 cubic feet in size or larger.
“UPS has been researching the potential expansion of dimensional-weight pricing for a number of years because it enables us to more appropriately align rates with costs which are influenced by both the size and weight of packages,” said Alan Gershenhorn, UPS executive vice president and chief commercial officer.

Gershenhorn to lead growth and innovation initiatives

UPS® (NYSE: UPS) today announced that Alan Gershenhorn is appointed executive vice president and the company’s first Chief Commercial Officer, effective immediately. Gershenhorn, 55, will lead development and implementation of broad strategic growth and innovation initiatives focused on creating distinctive customer value. These include new market development, innovative future products and solutions, increased speed-to-market and stronger customer engagement across the entire UPS portfolio. Gershenhorn, a 35-year UPS veteran, previously served as chief sales, marketing and strategy officer.

“We must continue to push the limits on innovation and solution delivery for our customers,” said Scott Davis, UPS chairman and CEO. “Alan has been instrumental in defining and driving our strategic priorities of healthcare logistics, global business to consumer services, and emerging markets capabilities. These will remain priorities among many other growth platforms that will redefine UPS over the next decade.”