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Friday, September 24, 2010
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UPS Boost From LatAm Trade Growth

UPS Latin America benefits from trade expansion in 2010
UPS boosted its traffic with Brazil by 15 percent in the first half of the year.

BY JOSEPH A. MANN, JR.

The rising tide of U.S. trade with Latin America is providing a boost to U.S.-based United Parcel Service Inc. (UPS), the world's largest package delivery company.

During the first half of 2010, UPS’ average export volume expanded by 50 percent in Costa Rica compared with the same period last year, and by 15 percent in Brazil, according to Stephen Flowers, president of UPS Americas.

“In Latin America, steady growth can already be seen in countries throughout the region,” he says. While noting that the company does not provide regional or country figures on volume, revenue or market share for competitive reasons, he says that “UPS Latin America and the Caribbean has directly contributed to the outstanding international growth UPS has experienced during the first two quarters of 2010.” 

TOP MARKETS

Mexico, Brazil, Argentina, Puerto Rico and Colombia are UPS’ largest markets in the region, but other countries – like Costa Rica – are demonstrating strong growth, according to Flowers.

New investments and acquisitions form an important part of UPS’ strategy in Latin America, he says. “We are very optimistic about the future in the region and we keep investing in developing our network to improve operations in Latin America,” he says.

This year UPS launched a domestic offering for UPS Express service in Argentina, Brazil and Chile and announced an expansion of its supply chain warehouse and distribution center in the State of Mexico (Estado de Mexico).

ADDING BOEING 767

The company also says that it is adding a Boeing 767 to support its import/export services in Argentina, Brazil and Colombia this year, thereby increasing shipping capacity by 20 percent in the three markets.

UPS began operations in Latin America in 1989, with service to Argentina, Brazil, Chile, the Dominican Republic and Mexico. Today, the company serves over 50 countries and territories and has about 8,200 employees, contractors and service providers in Latin America and the Caribbean out of 68,000 international employees.

The company reaches 45 airports within the region and flies to 25 airports in other countries. Its services include small package delivery; logistics and distribution; transportation and ocean/air freight; customs brokerage and, in some markets, capital financing and ground freight service.

  © Copyright Latin Business Chronicle 

 

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