August 19,2014: UPS today announced the expansion of inbound and outbound air and ocean freight services in Myanmar for the first time. Global customers trading to and from this emerging market will have access to UPS's extensive supply chain technologies and services, which initially will include UPS Air Freight Direct, UPS Air Freight Consolidated, Full Container Load and Less-than Container Load services.
"UPS works closely with our customers and they have expressed a need for reliable freight services from Myanmar that will connect them to markets worldwide," said Mary Yeo, vice president of Supply Chain Operations, UPS South Asia District. "Businesses in Myanmar can tap into UPS's global logistics expertise, extensive network and technologies while relying on our air freight and ocean freight services."
As Myanmar begins its economic transformation with aims to become a new manufacturing market, and its businesses integrate into global supply chains, demand for freight services is expected to skyrocket. According to the International Monetary Fund (IMF), Myanmar has a growth potential of 8.5-percent in the fiscal year of 2014 to 2015.1
"Asia continues to evolve as new markets emerge and mature markets move up the value chain," added Jeff McCorstin, president of Global Freight Forwarding, UPS Asia Pacific. "UPS's offering in Myanmar underscores our longstanding efforts to strengthen our service offering in Asia and to integrate emerging markets into the global supply chain."