UPS Trade Direct Expands Global Import and Export Reach
BRUSSELS, April 3, 2006 - UPS (NYSE:UPS) today announced the availability of UPS Trade Direct Air and Ocean services between Europe, the USA and Canada to meet the import and export needs of customers for faster and more efficient shipping among these dynamic trade forces.
UPS Trade DirectSM is an integrated, multi-modal service that combines air or ocean freight and customs clearance with express package and less than truckload (LTL) delivery. Here's how it works:
Goods bound for the United States and Canada from Europe are individually packaged, labelled for delivery and then combined into one freight shipment. After moving by airplane or ship, the goods clear customs as a consolidated unit. That unit is then separated back into individual parcels or LTL shipments, bypassing costly warehouse stops, and placed directly into the UPS system for final delivery. As UPS handles the goods throughout this process, customers can follow the progress of their shipments through UPS's tracking and shipping notification technology.
This newest Trade Direct expansion follows the successful implementation of the service along other major routes. UPS launched Trade Direct outbound from Europe to the United States in January 2005 and inbound from Asia to Europe in June 2005.
"Businesses of all sizes are increasingly recognising that their success is closely tied to the effective management of their supply chains," said Wolfgang Flick, President, UPS Europe. "Providing the type of inbound and outbound services as we are on the key trade lanes between Europe and North America is a further step in advancing efficiency in our customers' global supply chains."
North America and Europe continue to be the two respective epicentres of global trading. In 2004 alone, the United States and the EU exchanged $441.5 billion in goods*, while Canada's bilateral trade exchange with the EU totaled $62.9 billion**.
For more information about UPS Trade Direct products, visit pressroom.ups.com/tradedirect.
UPS is the world's largest package delivery company and a global leader in supply chain services, offering an extensive range of options for synchronising the movement of goods, information and funds. Headquartered in Atlanta, USA, UPS serves more than 200 countries and territories worldwide. UPS's stock trades on the New York Stock Exchange (UPS), and the company can be found on the Web at www.ups.com.
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Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. Such forward-looking statements, including statements regarding the intent, belief or current expectations of UPS and its management regarding the company's strategic directions, prospects and future results, involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, governmental regulations, our competitive environment, strikes, work stoppages and slowdowns, increases in aviation and motor fuel prices, cyclical and seasonal fluctuations in our operating results, and other risks discussed in the company's Form 10-K and other filings with the US Securities and Exchange Commission, which discussions are incorporated herein by reference.
*Statistics based on figures from the US Mission to the European Union, website: http://www.useu.be/
**Statistics found on the Canadian government website: http://www.dfait-maeci.gc.ca/eet/cimt/2004/pfact_annual_trade_2005-11-en.asp
Contact: Carsten Helssen, UPS Public Relations
0032 2 776 9832
carsten.helssen@europe.ups.com
Sabine Henssler, Edelman PR
00 32 2 227 6177
sabine.henssler@edelman.com
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