“Exports are the main indicator we look at and seek to grow,” Jim Kearney, country manager UPS Romania, Greece and Hungary, told ZF.
UPS saw growth of 20% in export services in 2016 and 34% to 35% in the first half. The trend continued in the ensuring months so the growth rate should remain unchanged until the end of the year. Moreover, import services are on the rise, too, Kearney added.
UPS operates on three market segments – transportation of small packages by road (a small part of its business), freight forwarding (by sea or by air) and contract logistics. UPS owns storage facilities throughout the world where it can keep products for its customers and deliver them to various parts of the world in two to four hours.
In Romania, UPS operates via two legal entities, UPS Romania and UPS SCS Romania, which posted 202 million lei (EUR44 million) revenue in 2016, up 9% on 2015, according to ZF’s calculations based on Finance Ministry data. (EUR1=RON4.5990)
(English version by Loredana Fratila-Cristescu)