Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

UPS to open new distribution centre at Calgary International Airport

Tue. November 18, 2008; Posted: 08:59 AM
Stocks RSS
MISSISSAUGA, ON, Nov. 18, 2008 (Canada NewsWire via COMTEX) -- UPS | Quote | Chart | News | PowerRating -- The world's largest package delivery company is establishing a new distribution centre at the Calgary International Airport to meet the rising demands of Alberta's economy.

UPS Canada announced today it is building a 150,000-square-foot distribution facility on Aero Drive NE. The $26 million facility will offer state-of-the-art technology to facilitate import, export and Canadian domestic shipments while allowing UPS to double its package processing capability over time.

"Calgary is clearly Alberta's premier international gateway for cargo today and in the future and this new facility will ensure current and new customers continue to receive expedient, reliable and convenient service," said Mike Tierney, president of UPS Canada.

The new building is the latest addition to Calgary's expanding transportation and logistics industry, which has grown 77 per cent - twice as fast as the rest of the economy - and doubled the size of its workforce to 40,700 in the past 10 years. The new UPS distribution centre will employ 415 of the air transport sector's 6,500 employees.

Since 2003, UPS has seen a 60 per cent increase in the volume of orders from the greater Calgary area, particularly from the retail, technology and financial sectors. The surge in demand prompted the company to invest in a new facility that will ease the flow of parcels through the distribution process and ensure it maintains an optimal level of customer service.

"Calgary's economy is extremely competitive and only by providing superior service to our customers can we continue to grow with the rising demands of the city's businesses," said Tierney. "The new facility will allow us to reduce the time customer shipments spend in transit, which ultimately means our customers continue to receive the level of speed and service for which UPS has become world renowned."

The new UPS facility will have airside access in the Airport's YYC Global Logistics Parks, highly efficient, multifunctional, international trade and transportation hubs that move high volumes of goods to and from local, regional and international destinations. The Parks are part of The Calgary Airport Authority's mandate to foster economic development in the city.

"Calgary is western Canada's largest transportation and logistics centre and one of the major reasons is the 'air cargo bridge' that we've created," said Stephan Poirier, vice president and chief commercial officer for The Calgary Airport Authority. "It provides companies such as UPS access to 24/7 cargo services and an impressive and growing network of integrated transportation systems, services and companies, all on Airport land."

YYC Global Logistics Parks have more than doubled air cargo movement at the Calgary International Airport to 134,000 tonnes in 2007, from 66,000 tonnes in 1999, and have helped turn the Airport into one of the city's major economic engines. Today, the Airport generates more than $5 billion of annual economic activity, approximately 10 per cent of Calgary's gross domestic product, and more than 15,000 people work on Airport land.

UPS's new airport distribution centre will house 157 trucks and will service Calgary as well as surrounding communities, including Airdrie, Okotoks, High River, Bragg Creek, Cochrane, Strathmore, Canmore and Banff. UPS will continue to operate its three separate distribution centres in the city until the new facility becomes operational in October 2009.

<< About The Calgary Airport Authority ----------------------------------- >>

The Calgary Airport Authority is a not-for-profit, non-share capital corporation responsible for the management, maintenance and development of the Calgary International Airport and Springbank Airport under long-term lease from the Government of Canada. Since assuming responsibility for Calgary International Airport in 1992, the Authority (www.calgaryairport.com) has invested more than $880 million in capital and expansion projects while paying $300 million in federal airport rent tax to the Government of Canada.

<< About UPS --------- >>

UPS (NYSE: UPS | Quote | Chart | News | PowerRating) is the world's largest package delivery company and a global leader in supply chain and freight services. With more than a century of experience in transportation and logistics, UPS is a leading global trade expert equipped with a broad portfolio of solutions. Headquartered in Atlanta, GA., UPS serves more than 200 countries and territories worldwide. The company can be found on the Web at UPS.com. To get UPS news direct, visit pressroom.ups.com/RSS.

SOURCE: UPS Canada Ltd.

Dan Ovsey, APEX Public Relations, (416) 924-4442 ext. 239, dovsey@apexpr.com; Steve Vitale, UPS Canada, (905) 676-1708, mediarelations@ups.com

For full details on United Parcel Service B (UPS) click here. United Parcel Service B (UPS) has Short Term PowerRatings of 5. Details on United Parcel Service B (UPS) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [UPS]
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.