UPS Capital Acquires Parcel Pro

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Go back to UPS Capital Acquires Parcel Pro

UPS Capital (UPS) Acquires Luxury Item and Collectibles-Focused Logistics Provider, Parcel Pro

June 15, 2015 12:02 PM EDT

UPS Capital, a subsidiary of UPS (NYSE: UPS), announced the acquisition of Parcel Pro, the leading independent logistics provider to the jewelry, wristwatch and collectibles industries.

"The synergies between UPS Capital and Parcel Pro will greatly benefit customers shipping high-value products," said Ronald Chang, president of UPS Capital. "The acquisition enhances our supply chain risk mitigation capabilities, providing global logistics expertise and peace of mind to customers who need to ship their valuable goods. Many jewelry retailers have insurance policies that cover their inventory, but shipping losses are not always covered by... More