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UPS Expanding Logistics Options for Intra-Asia Customers.

CHANGI AIRPORT, Singapore -- UPS (NYSE:UPS) has launched an aggressive effort to extend new freight and logistics options to customers doing business within Asia.

While trade to and from Asia, particularly China, has attracted much attention in recent months, there also is steadily rising demand for improved air freight and logistical options for goods moving within Asia. The business demands and lengthy trade lanes within the region are underscoring the need for fast and flexible supply chains.

"The need for regional distribution, replenishment and logistics services continues to grow, particularly in the south Asia region," said John Hafferty, UPS Supply Chain Solutions vice president for Asia operations. "We're expanding to provide more regional distribution services."

As part of the effort, UPS Supply Chain Solutions is building a distribution and logistics hub here in Singapore within the Airport Logistics Park Singapore, or ALPS. The 425,000-square-foot facility, scheduled to open in early 2006, will serve as one of the company's key operations centers for south Asia.

UPS has had a presence in Singapore since 1988. The new facility, which also is close to the ocean port, will allow UPS to provide both air and ocean freight as well as logistics activities in a single hub. That means large shipments can be shipped to Singapore and then quickly broken down into smaller shipments for rapid re-distribution to their final destinations. Moreover, the facility will be capable of providing specialty services such as kitting, critical parts distribution, returns and repair and warranty management.

ALPS is Singapore's first logistics Free Trade Zone (FTZ) and opened in March 2003. It is located adjacent to the Changi Airport.

Because the UPS Supply Chain Solutions facility is located within the FTZ, customers can save time and money on documentation, customs clearance and transportation. For example, the Goods and Services Tax is suspended within the FTZ until the cargo is redistributed. And since ALPS has a dedicated customs checkpoint, the process of customs clearance averages eight minutes or less.

"This ALPS location provides the flexibility that we need for greater speed and efficiency in transportation and documentation, and allows UPS to expand freight capabilities and provide the distribution services this region needs," Hafferty added.

"We are excited about UPS's latest expansion," said Manohar Khiatani, Director for Logistics & Transport Engineering, Singapore Economic Development Board. "This is a clear vote of confidence that Singapore is an attractive and competitive location for UPS to serve its global customers. We are committed to strengthening our capabilities and infrastructure to address the changing needs of businesses."

The logistics and distribution facility, which will increase by 50 percent the company's logistics and distribution operations in Singapore, exemplifies UPS's commitment to growth in Asia. UPS Supply Chain Solutions recently announced a building program in China that will add 20 additional facilities through 2006. In addition to the logistics and distribution business, the UPS package operation's Asia headquarters is located in Singapore.

UPS is the world's largest package delivery company and a global leader in supply chain services, offering an extensive range of options for synchronizing the movement of goods, information and funds. Its business unit, UPS Supply Chain Solutions, offers transportation and freight services, logistics and distribution and international trade services. UPS's stock trades on the New York Stock Exchange (UPS) and the company can be found on the Web at UPS.com and UPS-SCS.com.

Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E 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.
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Publication:Business Wire
Date:Apr 7, 2005
Words:707
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