Subscribe to our free, weekly email newsletter!


UPS to acquire to Costa Rica-based companies

By Jeff Berman, Group News Editor
September 05, 2013

Transportation and logistics bellwether UPS said this week it plans to purchase the assets and operations of Costa Rica-based companies Union Pak de Costa Rica S.A., a small package delivery company, and SEISA Brokerage, a freight brokerage services provider.

Terms of these deals were not disclosed. UPS said it expects to complete the transactions during the fourth quarter.

UPS said it has had long-standing relationships with each company as Authorizes Service Contractors.  A UPS spokesperson told LM that Union Pak de Costa has operated as a small package ASC since 1994 and SEISA has for “many” years.

Union Pak de Costa Rica has 100 employees, 8 locations and SEISA Brokerage has 60 employees. Union Pak’s service focus is on various industries, focusing on high-tech and medical device manufacturers, and SEISA Brokerage provides same day customs clearance and delivery of package shipments within the Costa Rican Free Trade Zone, which UPS said eases cross border trade for customers.

“UPS has enjoyed successful long-term relationships with these companies, with both offering exemplary service to customers,” the spokesperson said. “The management has deep regional knowledge and expertise and like UPS, these companies have high operating standards and a focus on service excellence, making them a good fit for the UPS network. The additions will enable UPS to better connect Costa Rica’s expanding economy to regional and world markets through the UPS network. UPS is better positioned to provide Costa Rican shippers with one source for small package, freight forwarding, brokerage and contract logistics, with a stronger link to UPS’s global transportation network. Customers will have greater access to multi-modal services including ocean and air freight to improve cross boarder shipments, boosting export trade lanes within Latin America and to the U.S.”

About the Author

Jeff Berman headshot
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Josh Green, CEO of Panjiva, an online search engine with detailed information on global suppliers and manufacturers, said despite the recent trends coming out of China, it is important to remember is that on a big picture level, its impact on the global economy is big and growing.

Diesel gasoline’s average price per gallon dropped for the ninth week in a row, according to data issued by the Department of Energy’s Energy Information Administration (EIA) this week.

Citing currency exchange rates and lower fuel surcharges, second quarter revenue for transportation and logistics titan UPS dropped 1.2 percent to $14.1 billion, the Atlanta-based company reported today. Even though revenue was slightly down, earnings per share saw a 12 percent annual gain at $1.35, which was above Wall Street estimates of $1.27.

Does your organization struggle with the integration of information between your internal systems, processes and partner portals? You're not alone! Kapow Software alongside EFT has surveyed over 200 organizations regarding the importance of information access, visibility and discusses some of the major goals for supply chain and logistics organizations.

The U.S. Department of State maintained Thailand’s Tier 3 ranking, the lowest category, in its annual Trafficking in Persons (TIP) Report, which was released this week.

Article Topics

News · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA