UPS Buys Sandler & Travis, Boosts Trade Management Services
Zacks Investment Research | Dec 04, 2017 08:49PM ET
United Parcel Service, Inc. (NYSE:UPS) recently announced its acquisition of Sandler & Travis Trade Advisory Services (STTAS), the world’s largest global trade compliance management firm. Financial terms of the transaction were not revealed.
STTAS consists of 750 trade professionals, providing services in Asia, Europe, the Middle East, North America and South America plus helping clients comply with the rules, regulations and laws covering international trade.
The acquisition enables UPS to provide customers with enhanced solutions to maximize their trade investments. Furthermore, complexity, time and costs associated with international trade are minimized as a result of UPS’ latest buyout.
While STTAS will carry on with its usual services, UPS is likely to continue building on the company’s advanced trade management technology platform.
Earlier in the year, UPS acquired Zone Solutions, a firm specializing in Foreign Trade Zone (“FTZ”) services. The buyout offers UPS customers strong expertise in navigating all aspects of FTZ operations, besides providing managed services (zone administration), systems implementation and consulting.
These two takeovers boost UPS’ existing solutions and add top-notch trade management services in the company’s portfolio. The solutions help the company’s customers free up resources and improve the bottom line and supply chain velocity.
Zacks Rank & Key Picks
UPS carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.