English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

UPS buys G4S insured parcel business

PRESS RELEASE

July 16, 2015: UPS Capital, a subsidiary of UPS which provides supply chain financial, insurance and payment solutions, is purchasing the Insured Parcel Services (IPS) business of G4S International Logistics (G4Si), the logistics arm of G4S, the world's leading global integrated security company.

UPS Capital recently acquired Parcel Pro, the leading logistics provider to the high-value jewelry, wristwatch and collectibles industries. With this acquisition, IPS customers will have access to enhanced service offerings through Parcel Pro's secure logistics solutions, including higher insured value limits, expanded international coverage and superior technology.

"G4Si IPS and Parcel Pro are both players in the secure transportation of luxury, high-value jewelry, which is an industry segment that UPS Capital and UPS are dedicated to serving," says Ronald Chang, president of UPS Capital.

"This acquisition complements and strengthens our commitment to provide high-value parcel shippers with increased supply chain risk mitigation capabilities and enhanced services across the globe, including the United Kingdom, Germany, Thailand, the United Arab Emirates and Hong Kong."

G4Si is the logistics arm of G4S, the world's leading global integrated security company specializing in the provision of security products, services and solutions. Each year, G4S International Logistics (G4Si) exports cargoes worth in excess of one hundred billion dollars. With a network in over 110 countries, G4Si provides secure international transport and insurance for very high value cargoes, typically worth between one hundred thousand and one billion US dollars per transaction.

More News

Written on 29/03/2017, 19:07
akzo-nobel-to-help-reduce-maersk-emissions-by-10-percentTHE HAGUE: March 28, 2017. AkzoNobel and Maersk Line have signed a partnership to reduce carbon emissions by 10 percent for every shipped container. The...
Written on 29/03/2017, 17:02
freightos-gets-another-us-25-million-for-saas-platformHONG KONG: March 29, 2017. Logistics technology company Freightos has completed a US$25 million investment round led by GE Ventures to scale its online...
Written on 28/03/2017, 19:24
ups-adds-more-destinations-to-china-europe-rail-serviceATLANTA: March 28, 2017. As ocean capacity gets tight between Asia and Europe, UPS has announced the addition of six destinations to its full and...
Written on 27/03/2017, 19:52
dsv-tests-abattoir-biofuelMALMO, Sweden: March 27, 2017. DSV Sweden is testing a Mercedes-Benz hybrid truck that runs on both electricity and a new HVO 100 biofuel - made from...
Written on 27/03/2017, 19:23
aar-wins-usaf-logistics-contractWOOD DALE, IL: March 27, 2017. – Global aftermarket supplier AAR has won a US$909.4 million contract to manage the repair, maintenance and logistics of...
Written on 24/03/2017, 21:15
hapag-lloyd-hit-by-low-freight-ratesHAMBURG: March 24, 2017. Hapag-Lloyd reported a net loss of €93.1 million in 2016 on revenue that fell 12.5 percent from the previous year to reach €7.73...
Written on 23/03/2017, 19:40
new-grow-box-technology-from-maerskTINGLEV, Denmark: March 23, 2017. Maersk Container Industry (MCI) has launched Star Cool CA+, an extension of its controlled atmosphere (CA) technology,...
Written on 23/03/2017, 17:04
emirates-responds-to-u-s-laptop-banDUBAI: March 23, 2017. Emirates Airline has responded swiftly to the U.S. ban on laptops and tablets via its passenger flights from Dubai with a free...
Written on 22/03/2017, 20:44
flying-eye-hospital-arrives-in-dohaDOHA: March 22, 2017. Qatar Airways has welcomed the arrival of the Orbis Flying Eye Hospital from the UK where the non-profit organization had earlier...
Written on 21/03/2017, 21:12
fedex-to-launch-round-the-world-from-liegeMEMPHIS, TN: March 21, 2017. Next month FedEx is to begin a B777 freighter flight from Liège, Belgium to Memphis as part of a round-the-world service...
Written on 16/03/2017, 20:20
k-n-acquires-two-pharma-logistics-companiesSCHINDELLEGI, Switzerland: March 16, 2017. Kuehne + Nagel is to acquire two specialist logistics companies in Turkey and Italy to expand its good...
Written on 15/03/2017, 17:52
panalpina-expands-circular-economy-centerDUBAI: March 15, 2017. Panalpina has officially opened its 40,000 square meter logistics manufacturing center in Dubai Logistics City, part of the bonded...
Written on 15/03/2017, 17:12
coyote-logistics-opens-in-guadalajara-mexicoCHICAGO: March 14, 2017. UPS 3PL subsidiary Coyote Logistics has opened a new office in metropolitan Guadalajara, Mexico to develop transborder truckload,...
Written on 15/03/2017, 15:20
auto-traffic-switches-from-road-to-railKIRCHHEIM/TECK, Germany: March 15, 2017. After a five-year hiatus, automobile logistics specialist Mosolf Group is re-introducing a weekly rail link...
Written on 14/03/2017, 19:47
unisys-offers-pay-for-use-air-cargo-managementLONDON: March 14, 2017. Unisys has launched 'Digistics' - described by the company as an "integrated cargo logistics solution" for carriers to streamline...
Written on 14/03/2017, 17:03
mercator-introduces-ice-in-abu-dhabiABU DHABI: March 14, 2017. IT solutions provider Mercator, majority-owned by Warburg Pincus Investments, has launched what it says is the air cargo...
Written on 14/03/2017, 15:59
unilode-wins-saudi-arabian-airlines-contractABU DHABI: March 14, 2017. Unilode, the ULD management company formerly known as CHEP, has won a major outsource contract from Saudia and Saudia Cargo to...
Written on 13/03/2017, 15:37
2016-revenue-increase-for-turkish-cargoISTANBUL: March 13, 2017. Turkish Airlines has reported a six percent rise in air cargo revenue in 2016 to US$996 million. Some US$600 million was...
Written on 10/03/2017, 21:49
nec-to-develop-visibility-platform-for-pandemic-responseTOKYO: March 09, 2017. The U.N. World Food Programme (WFP) and NEC Corporation are to develop the first supply chain visibility platform for pandemic...
Written on 10/03/2017, 20:21
airbus-helps-south-sudan-refugeesTOULOUSE: March 09, 2017. The Airbus Foundation has used an A330 test aircraft to carry 17 tonnes of aid equipment from the UK to Uganda for refugees...

- powered by Quickchilli.com -