UPS to invest $1 billion in Europe - CFO in paper

Discussion in 'The Latest UPS Headlines' started by cheryl, Jul 2, 2014.

  1. cheryl

    cheryl I started this. Staff Member

    UPS to invest $1 billion in Europe - CFO in paper - Reuters

    United Parcel Service Inc plans to invest $1 billion in its European operations in the next three to five years, mostly in expansion of its logistics centres, Chief Financial Officer Kurt Kuehn told a German newspaper.

    He said the new strategy UPS is due to unveil in November includes acquisitions, particularly in the healthcare sector where he said transportation of medicines has been a logistical challenge because they are sensitive to changes in temperature.