UPS Forms Dubai Joint Venture as U.S. Sales Decline - Bloomberg
http://www.bloomberg.com/apps/news?pid=20601209&sid=ac4z33UIPzcQ
United Parcel Service Inc., the world’s largest package-delivery company, will create a joint venture covering 21 countries in the Middle East to focus on overseas markets as U.S. deliveries fall.
“This part of the world has become a transportation bridge and ideal near-sourcing location for Europe, Russia and Asia,” Dan Brutto, president of UPS International, said in the statement.
http://www.bloomberg.com/apps/news?pid=20601209&sid=ac4z33UIPzcQ
United Parcel Service Inc., the world’s largest package-delivery company, will create a joint venture covering 21 countries in the Middle East to focus on overseas markets as U.S. deliveries fall.
“This part of the world has become a transportation bridge and ideal near-sourcing location for Europe, Russia and Asia,” Dan Brutto, president of UPS International, said in the statement.