UPS ® (NYSE:UPS) today announced the expansion of its UPS Preferred™ Less-Than-Container Load (LCL) expedited ocean freight service by offering access between Asia to three destinations in Mexico: Monterrey, Mexico City and Guadalajara. Customers can also take advantage of the innovative visibility technologies used for UPS package shipments allowing shippers to better anticipate and control their inbound supply chain operations.
Mexico continues to gain momentum and strengthen trade with Asia as ocean lane imports are forecasted by Seabury Group to grow at a CAGR of 12.1 percent through 2016, compared to 6.5 percent growth projection globally. UPS Preferred LCL lane enhancements highlight the company’s competitive advantage and continuous effort in meeting customer demand, especially as it relates to international market trends.
“We continue to see retail, industrial and automotive companies looking for additional freight transportation options allowing them to increase their speed to market without dramatically increasing their transportation costs and without having to sacrifice product visibility,” said Keith Andrey, vice president, UPS ocean freight services. “UPS’s technology solutions, Mexico customs brokerage expertise and the expansion of its Preferred LCL ocean freight service in these geographies can help alleviate customer challenges related to delays and difficulties in customs processing.”
UPS’s Preferred LCL service was first launched in Japan in 2010 and across 10 Asian markets in 2011. It provides up to 20 percent faster port-to-door delivery to Mexico for UPS’s LCL shipments*, while delivering the economic advantages of ocean freight. The time-in-transit improvements are the result of utilizing UPS’s existing North American freight network and the UPS CrossBorder Connect ™ service. By integrating LCL service, UPS’s brokerage capabilities and the UPS CrossBorder Connect ™ service can reduce customs delays associated with border regulations, inspections and lengthy paperwork.UPS continues to be a leader in the ocean freight market for Preferred LCL services, providing Preferred LCL service from 27 Asian ports, seven Western European ports to the U.S., Canada and now to three destinations in Mexico. With this expansion, UPS will have more origins and destinations for expedited LCL service from Asia to North America than any other provider.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts