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UPS to boost spending on capacity expansion

: Thursday, July 31 - 2014 @ 09:25

The world’s biggest courier company, United Parcel Service (UPS) has cut its earnings forecast for the year, as it spends to boost capacity ahead of the holiday shopping season, Reuters has reported. UPS said it would invest $175m to beef up capacity and technology to ensure timely deliveries during the peak shopping season beginning around Thanksgiving. The company had earlier estimated that it would spend $100m to improve its stretched delivery network.

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Thursday, July 31- 2014 @ 9:25 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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