UPS buys Sandler & Travis to boost global trade management services
December 6, 2017: In an attempt to beef up its global trade management services, American multinational package delivery giant United Parcel Service (UPS) has recently acquired Sandler & Travis Trade Advisory Services, world’s largest independent provider of global trade management services.
Jim Barber, president of UPS International said: “UPS customers were looking for a full-suite brokerage partner to offer trade management and advisory services on a global basis. After the acquisition of Sandler & Travis Trade Advisory, we can now offer a wider and robust portfolio of solutions with our existing UPS Trade Management Services, which is designed to maximize trade investments and minimize complexity, time and cost.”
About 750 trade professionals of Sandler & Travis Trade Advisory Services’ provide services in Asia, Europe, the Middle East, North America and South America. Besides, it 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 US, in strategic offices in cities, such as Shanghai, Bengaluru, Aberdeen, Warsaw, Mexico City, Buenos Aires, and São Paulo.
These additional locations would 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.
Earlier this year, UPS acquired Zone Solutions, which specialises 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 is expected to enhance existing UPS solutions and add industry-leading trade management services to UPS’s global portfolio.
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.
All such services are designed to free up UPS customers’ resources and improve their bottom line and supply chain velocity.