UPS Acquires Sandler & Travis Trade Advisory Services (STTAS)
December 04 2017 - 11:00AM
Transaction
Highlights
- Positions UPS to be the global customs broker of choice
- Immediately creates opportunities for enhanced customer
experience
- Provides a robust portfolio of trade management services
- Bolsters trade and customs related information services
infrastructure
- Complements UPS customs brokerage and Trade Management Services
including Foreign Trade Zone services
UPS (NYSE:UPS) today announced it has acquired Sandler &
Travis Trade Advisory Services, the world’s largest independent
provider of global trade management services, on November 30,
2017.
“UPS customers tell us they are looking for a full suite of
brokerage services, including trade management and advisory
services, from a partner that can help them on a global basis,”
said Jim Barber, President, UPS International. “As our customers’
global broker of choice, we can now offer a wider portfolio of
services. Combining Sandler & Travis Trade Advisory Services
with our existing UPS Trade Management Services provides customers
with an even more powerful set of solutions designed to maximize
their trade investments and minimize complexity, time and cost
throughout their international trade operations.”
Sandler & Travis Trade Advisory Services’ 750 trade
professionals provide services in Asia, Europe, the Middle East,
North America and South America and help clients comply with the
ever-changing and complex rules, regulations and laws covering
international trade. Almost 70 percent of the company’s employees
work outside of the U.S., in strategic offices in cities such as
Shanghai, Bengaluru, Aberdeen, Warsaw, Mexico City, Buenos Aires,
and São Paulo. These additional locations will complement UPS Trade
Management Services’ existing global operations in Hefei, Wroclaw,
and Singapore. Sandler & Travis Trade Advisory Services also
provides an advanced trade management technology platform that UPS
will continue to build upon over time.
Building Comprehensive Global Trade Management
Services
Earlier this year, UPS acquired Zone Solutions, which
specializes in Foreign Trade Zone (FTZ) services. Zone Solutions
brings UPS customers extensive expertise in navigating all aspects
of FTZ operations, providing managed services (zone
administration), systems implementation and consulting.
Sandler & Travis Trade Advisory Services and Zone Solutions
enhance existing UPS solutions and add industry-leading trade
management services to UPS’s global portfolio, forming a foundation
the company will continue to build upon. Some of these solutions
include: duty drawback; regulatory compliance; rules of origin
determination; harmonized tariff schedule (HS) classification;
export control classification; order management and free trade
agreement qualification and verification, and more. All such
services all designed to free up UPS customers’ resources and
improve their bottom line and supply chain velocity.
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a
broad range of solutions including transporting packages and
freight; facilitating international trade, and deploying advanced
technology to more efficiently manage the world of business.
Headquartered in Atlanta, UPS serves more than 220 countries and
territories worldwide. The company can be found on the web
at ups.com or
pressroom.ups.com and its corporate blog can be
found at longitudes.ups.com. To get UPS news
direct, follow @UPS_News on Twitter.
About STTAS
STTAS is the world’s largest dedicated global trade compliance
management firm with a footprint that spans North America, South
America, Europe, the Middle East and Asia. With 750 global trade
professionals meeting the needs of multinational clients trading in
more than 70 countries, STTAS focuses exclusively on complying with
government and industry laws, regulations, rules and best practices
connected with the movement of goods across borders.
Glenn Zaccara
404-828-4663
gzaccara@ups.com
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