UPS Express in the United States, founded in 1907 by delivering letters and delivering parcels for retail stores, is the world's largest parcel delivery company and the world's leading provider of professional transportation and logistics services, and acquired TNT Group, the second largest express delivery company in Europe, in 2012
UPS Express originated as a messenger company founded in Seattle in 1907 to deliver letters and packages to retail stores. Due to the business principle of "the best service, the lowest price", the situation gradually opened up on the entire West Coast of the United States.
By the 30s, UPS had reached all the big western cities and developed the first mechanical parcel sorting system.
In the '50s, UPS became a direct competitor to the U.S. Postal Service by taking the rights to a "common transit carrier" and expanding its package delivery business from retail stores to the general public.
Today, UPS, or United Parcel Service, is a global company.
As the world's largest courier carrier and parcel delivery company, we are also a leading provider of professional transportation, logistics, capital and e-commerce services. Every day, we manage logistics, capital and information flows in more than 200 countries and territories around the world.
On March 19, 2012, it invested 5.16 billion euros (about 6.8 billion U.S. dollars) in cash to acquire TNT of the Netherlands, the second largest express delivery service company in Europe.
Acquisition of TNT
UPS, the United parcel service company, will acquire TNT Group, Europe's second-largest express delivery company, for 5.16 billion euros ($6.8 billion) in cash, and the combined company will surpass FedEx and DHL to become the world's largest express company in terms of revenue.
UPS and TNT announced on March 19, 2012 that the purchase price was €9.5 per share for the European express market share, representing a 53.7% premium to the stock's closing price on February 16, the day before the parties announced that negotiations were underway.
Europe is UPS's largest market outside the U.S., accounting for half of UPS's annual international revenue, and UPS has been buying TNT since 2008 in hopes of expanding its presence in the European market. In 2010, UPS accounted for 7.7% of the European express parcel market, and TNT accounted for 9.6%, and the combination of the two will catch up with the 17.6% share of DHL. It is also the largest acquisition by UPS in more than 100 years.
Asia pacific
Founded in 1986 and headquartered in Singapore, Asia Pacific serves more than 40 countries and regions in the Asia-Pacific region. The Asia-Pacific region employs 15,018 people, has a total of 1,887 vehicles of various types (including parcel delivery vehicles, trucks, trailers, vans and motorcycles) and 308 business facilities (administrative offices, parcel centers, transshipment centers, terminals, distribution centers, warehouses). Aviation hub ports in the Asia-Pacific region include Shanghai, Shenzhen, and Hong Kong.
Opened on December 9, 2008, the UPS Shanghai International Hub is located at Pudong International Airport (PVG) and is the world's third-largest UPS hub with the largest on-site customs supervision area in Shanghai, providing 24/7 customs clearance services specifically designed to improve and enhance the handling of express and bulk shipments. With a total of 117 conveyor belts and 47 docking ports, the transshipment center is expected to have a cargo sorting capacity of 17,000 pieces per hour.
On May 18, 2010, the international express giant UPS's air transshipment center at Shenzhen Bao'an Airport was officially opened, which is UPS's second transshipment center in China after Shanghai. UPS Asia Pacific President Drick. Woodward said that with the addition of the Hong Kong hub, three of UPS's more than 10 hubs around the world are located in China, which is UPS's most important overseas market. The next step will be to cooperate with domestic airlines to expand the domestic route network in China.
The new transfer center covers an area of 130,000 square meters, equivalent to 12 standard football fields, and has completed the first phase of the project of 90,000 square meters, with another 150,000 square meters of apron. The installed equipment can handle 18,000 parcels per hour and will be expanded to 36,000 per hour in the future. Shenzhen Customs, entry-exit inspection and quarantine are stationed in the transit center, and can carry out cargo declaration, inspection and customs clearance 24 hours a day. Currently, the hub employs more than 400 people. Regarding the difference between the positioning of the hub and the Shanghai hub opened in December 2008, Woodward, president of UPS Asia Pacific, said that Shanghai's customers are mainly high-tech and high value-added products, and they are exported to Europe, the United States, Japan and the Middle East, and the two centers complement each other in terms of function. The function of the Shanghai Center is to connect China with Europe, the United States and the Middle East, and is an international transshipment center, while Shenzhen is mainly an intra-Asian cargo transshipment.
The opening of the Shenzhen hub marks UPS's completion of the "Shanghai and Shenzhen dual center" operation layout in China. The Clark Transit Center in the Philippines, which previously undertook the transshipment function in the Asia-Pacific region, has been basically replaced by these two centers, and currently only the Shenzhen Transit Center, which has an operating area five times that of the Clark Transit Center and seven times the hourly cargo handling volume of the latter.
