Delivery company moves in on trade finance

United Parcel Post (UPS) is more than just a delivery company. Its financial services arm, UPS Capital is tackling trade finance in Asia.

From humble beginnings in the early 1900s couriering parcels in Seattle with a Model T Ford, United Parcel Post UPS has come a long way. Today, the company delivers some 6% of US GDP worldwide and shifts 13.6 million packages and documents per day.

What does UPS have to do with trade finance Plenty, the company hopes. The mover of goods and documents wants to move funds as well.

It is a natural extension of the business, says Bob Bernabucci, president of UPS Capital Corporation UPS Capital. Between transportation and logistics, and information, we've done a great deal to accelerate supply chains. But the one thing that always got left out was the...

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