UPs have been awarded a contract to be the primary air cargo provider status for USPS.
Takeaway Points
- UPs have been awarded a contract to be the primary air cargo provider status for USPS.
- The award aims to build up the existing relationship between the two organizations.
Air Cargo Contract
The Shipping Company UPS announced on Monday, in a press release, that it has been awarded an air cargo contract by the United States Postal Service (USPS). UPS will become the USPS’s primary air cargo provider and move the majority of USPS air cargo in the US. The award aims to build-up the existing relationship between the two organizations.
Carol B. Tomé, the Chief Executive Officer of UPS, said that the two companies have developed an innovative solution that benefits them.
“Together UPS and USPS have developed an innovative solution that is mutually beneficial and complements our unique, reliable and efficient integrated network,” Carol said.
UPS and Other Investments
UPS is one of the world’s largest shipping companies, headquartered in Atlanta. It provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories. According to UPS, they have approximately 500,000 employees, and in 2023, the had a revenue of $91.0 billion. Their strategy is customer-first, people led, innovation driven. UPS also takes an unwavering stance in support of diversity, equity, and inclusion.
On March 21, UPS increased investment in Asia Pacific with the building of a new hub in the Philippines. According to the report, the investments include the company’s recent agreement with the Luzon International Premiere Airport Development Corporation (LIPAD) to expand its operations at Clark Airport (CRK) in the Philippines.
Wilfredo Ramos, president of UPS Asia Pacific, said that Asia Pacific is one of UPS’s fastest-growing regions.
“Asia Pacific continues to be one of UPS’s fastest growing regions. UPS has continued to invest in our network to maximize speed and flexibility, build solutions addressing the shift of global trade lanes, and offer resilience for our customers,” he said.
He further added saying “We have been doing business in our Philippines hub for more than 25 years, helping to connect businesses to markets in Asia Pacific and beyond. The investments UPS continues to make through this expansion will enhance time in transit across Asia Pacific and continue to deliver service reliability for our customers and position UPS for long term growth.”
LIPAD Chairperson Josephine Gotianun Yap said that UPS’s expansion will bring positive changes to Pampanga by providing job opportunities to the community.
“UPS’s expansion in Clark will bring positive changes to Pampanga, providing job opportunities for the local community and serving as an economic stimulus in the region,” he said.
“This partnership between UPS and LIPAD also represents a significant milestone in developing Clark as an ideal logistics hub for global brands aiming to establish or expand their international operations. LIPAD, which operates Clark International Airport, looks forward to welcoming UPS to its future location in Clark and supports its expansion in the Philippines,” Yap added.
Since 2022, UPS has invested in the healthcare business. It introduced UPS Premier, which provides priority handling for time- and temperature-sensitive, patient-critical products in nine markets across the Asia-Pacific region. In 2023, the company added over 22,000 square meters of cold-chain-enabled handling, storage, and distribution space via new healthcare facilities in Singapore and Australia. An additional 12,000 square meters is planned for 2024.
USPS
The United States Postal Service (USPS) is a company that provides mail processing and delivery services to individuals and businesses in the U.S.
