HO CHI MINH CITY, July 4, 2018 – 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 Caribbean and the Middle East.
The new trade lanes will reduce time-in-transit between Hai Phong and Port Kelang in Malaysia by seven days, while shipments to Sydney, Australia will arrive 12 days earlier than before. The transit-time improvement would be a key factor in boosting shipping expediency and predictability. In this competitive business landscape, transit time is everything as when flexibility is present for the transportation, companies can maximize their performance and efficiency.
“Strengthening connectivity between Hai Phong, the main port servicing Vietnam’s north, and critical trade partners continues to be a priority for UPS. The launch of new routes between Vietnam and trade partners like Australia and Malaysia is particularly timely; bilateral trade grew 22.2 percent and 18.3 percent respectively in 20171and is expected to flourish post-ratification of the Comprehensive Progressive Trans-Pacific Partnership,” said Daryl Tay, Managing Director of UPS Vietnam. “These services are ideal for Vietnam’s new and emerging businesses that are making up an increasingly large part of the commercial landscape here.”
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 Mainland-Europe Rail service.
“This network expansion demonstrates our ongoing investments to continually build 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.
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 ups.com/longitudes. To get UPS news direct, follow @UPS_Asia on Twitter.
1Vietnam Customs Trade Statistics