Press release from GlobeNewswire (a Nasdaq OMX company)
UPS Broadens Multimodal Express Portfolio with China-Europe Rail Offering
Monday, June 30, 2014
UPS Broadens Multimodal Express Portfolio with China-Europe Rail Offering06:00 EDT Monday, June 30, 2014
ATLANTA, June 30, 2014 (GLOBE NEWSWIRE) -- 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."
UPS now offers the rail service from Chengdu, China, to Lodz, Poland, and from Zhengzhou, China, to Hamburg, Germany. Combining the rail movement with a truck network, UPS can provide service to customers throughout China and Europe. The new rail service is up to 50 percent faster than ocean freight and up to 70 percent less costly than air freight.*
The new rail service is well-timed to meet the needs of customers looking to balance supply chains. According to a recent Seabury survey1, 71 percent of customers expect a moderate to strong shift to lower cost modes in the next 1-3 years.
The rail offering follows several enhancements in 2013 to UPS's multimodal express services, including the expansion of UPS Preferred™ Less-Than-Container Load (LCL) ocean freight service from Asia to Mexico and from Europe to the U.S. and Canada, and the introduction of UPS Worldwide Express Freight™ service to and from the UAE. For additional expansions, visit the UPS Pressroom at http://www.pressroom.ups.com/pressroom/.
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® and its corporate blog can be found at blog.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS
* Transit times and costs vary based on origin, destination, and commodity and are not guaranteed.
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