SINGAPORE, May 18, 2007 - UPS (NYSE:UPS) today announced it would launch a new "around the world" flight this summer to further enhance service between Singapore and growing markets in the Middle East, Europe and the United States.
The new flight will allow UPS to enhance its service by improving pick-up times and providing more airlift in response to customers' demands. Customers shipping from
Starting in July, UPS will operate five additional weekly frequencies that connect the globe using MD-11 aircraft. Each week, the aircraft will connect Singapore to major trading markets in Europe, the Middle East and the United States by flying from the company's European air hub in Cologne, Germany. From there, the flight connects to
With UPS's 11 existing "around the world" flights, the total number of worldwide flights now increases to 16 per week.
"Singapore continues to be an important market for UPS in Asia and we are constantly looking at ways to expand our service for customers whether they require express, air freight, ocean freight or distribution and logistics options," said Alan Gershenhorn, president of UPS International, who is in Singapore to celebrate UPS's Centennial with employees and customers.
"In a century of service, UPS has evolved from a small messenger business to become a trusted partner for companies doing business around the world and we remain committed to helping our customers efficiently manage their complex global supply chains," Gershenhorn added.
"The new flights are part of our aggressive efforts to extend service options for customers in
In the 2007 UPS Asia Business Monitor survey, which measures the views of small- and medium-sized enterprise business leaders, some 81 percent of those surveyed in
"This service enhancement, in addition to the new UPS distribution and logistics center at the Airport Logistics Park of Singapore (
Measuring 425,000 square feet, the ALPS facility is one of UPS's key operations centers in the region and provides air and ocean freight as well as logistics and specialty services such as critical parts distribution, final kitting of products before distribution, returns and repair and warranty management. Large shipments can be shipped to
UPS is celebrating its 100th anniversary throughout 2007 and chose
Founded in 1907, UPS today employs more than 427,000 people; operates the world's largest package delivery network; flies the world's eighth largest airline; utilizes more than 90,000 vehicles, and offers an ever-expanding array of transportation, logistics and supply chain services to synchronize the flow of goods, information and funds. Headquartered in
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Except for historical information contained herein, the statements made in this release constituteforward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section21E of the 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 Securities and Exchange Commission, which discussions are incorporated herein by reference.