InterGlobe Enterprises And UPS Launch MOVIN - A New Logistics Brand Built For India
May 26 2022 - 4:30AM
InterGlobe Enterprises And UPS Launch MOVIN - A New Logistics Brand
Built For India
UPS (NYSE: UPS), the global leader in logistics and InterGlobe
Enterprises, India’s trusted travel and hospitality conglomerate,
today announced a joint venture to launch
MOVIN, a
new logistics brand to serve the needs and demands of the
fast-paced Indian market. The name MOVIN is a combination of
Movement and
India
(
MOVEMENT+
INDIA).
MOVIN will offer a range of
extensive express and premium service coverage across India with a
strong portfolio of B2B domestic services including a day-definite,
as well as express, time-definite solutions, which will give
businesses better predictability and greater competitiveness to
swiftly integrate into the global value chain.
India’s rapidly developing economy and the
demand of the business community for robust logistics solutions
presents a significant opportunity and MOVIN is
well positioned to provide efficiencies, stronger distribution
channels, advanced technology, and apply global best practices.
“India’s growth towards a $5 trillion economy
will be largely supported by the growth of local businesses and
logistics which are key contributors to India’s economy. I am
confident that InterGlobe’s deep understanding of the Indian
market, combined with UPS’s 114 years of logistics expertise will
make this venture a success,” said JB Singh, Director InterGlobe
Enterprises who will oversee the new brand. “We are certain
that our foray into logistics with MOVIN will
contribute significantly to the rapid development and growth of
businesses in India. We look forward to enabling and facilitating
trade, commerce and employment through this venture.”
“The powerful simplicity of
MOVIN’s service experience is based on the brand’s
people-centric and performance-driven approach that will empower us
to deliver outstanding customer experiences to businesses across
India.”
Leveraging UPS’s global logistics expertise
combined with InterGlobe’s deep understanding of the Indian
market, MOVIN will build technology-backed
solutions that will link companies across the country to
international businesses with speed, reliability and enhanced
digital customer experience. Creating corridors of opportunity,
innovation and excellence, MOVIN will offer
seamless integration across air and ground networks, to B2B
customers, enabling an uninterrupted flow of goods that is backed
by consistent, predictable and responsive operations.
“UPS is excited to launch this new venture with
InterGlobe Enterprises. Together we will empower local businesses
to grow and connect them to trade opportunities around the world,”
said Ufku Akaltan, UPS President Indian subcontinent,
Middle East and Africa. “With a strategy of customer
first, people led, innovation driven, UPS further expands its
global network, including healthcare solutions, through a unique
partnership that creates a suite of services to serve B2B
customers’ need to grow.”
Headquartered in Gurugram,
MOVIN is launching operations today in a phased
manner and will ramp up in July of 2022 starting with Mumbai, Delhi
NCR and Bengaluru - with more expansions to other metros and cities
across the nation to follow.
About MOVINUPS and InterGlobe
Enterprises formed a joint venture, IRIS Transportation Services
Pvt Ltd. in order to create MOVIN, a new logistics brand in India.
The name MOVIN is the combination of Movement and
India
(MOVEMENT+INDIA). MOVIN Service
is built for Indian businesses in the fast lane. Its pace and
agility will match their ambitions, and its service levels will
exceed their expectations. MOVIN will offer a suite of B2B domestic
services including a fully predictable, day-definite service, as
well as express, time definite service across the country. With
seamless integration across air and ground networks, these express
corridors will enable an uninterrupted flow of goods, backed by
consistent, predictable and responsive operations. For more
details, visit www.movin.in
About UPSUPS (NYSE: UPS) is one
of the world’s largest companies, with 2021 revenue of $97.3
billion, and provides a broad range of integrated logistics
solutions for customers in more than 220 countries and territories.
Focused on its purpose statement, “Moving our world forward by
delivering what matters,” the company’s 534,000 employees embrace a
strategy that is simply stated and powerfully executed: Customer
First. People Led. Innovation Driven. UPS is committed to reducing
its impact on the environment and supporting the communities we
serve around the world. UPS also takes an unwavering stance in
support of diversity, equity and inclusion. More information
can be found
at www.ups.com about.ups.com and www.investors.ups.com.
About InterGlobe
EnterprisesInterGlobe Enterprises Pvt. Ltd. is a large
Indian conglomerate holding leadership positions in Aviation,
Hospitality and Travel related services. InterGlobe through its
various businesses employs more than 27,000 professionals across
115+ cities globally. Since 1989, the Group has building businesses
and representing global brands that delivery quality and value. It
has been bridging the gap between people and markets through
innovation and service leadership and the unswerving commitment to
this purpose has allowed it to establish a strong foothold in
businesses such as Aviation (IndiGo), Hospitality, Airline
Management, Travel Commerce, Advanced Pilot Training, and Aircraft
Maintenance Engineering. For more details, visit
www.interglobe.com
United Parcel Service (TG:UPAB)
Historical Stock Chart
From Nov 2024 to Dec 2024
United Parcel Service (TG:UPAB)
Historical Stock Chart
From Dec 2023 to Dec 2024