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Tuesday, October 7, 2014

CORRECTED-UPS acquires logistics company i-parcel, (NYSE: UPS)

United Parcel Service Inc the world's biggest courier company, said it bought i-parcel LLC to strengthen its business in the fast-expanding global e-commerce market.Terms of the deal were not disclosed.I-parcel helps American e-commerce merchants with international delivery services in over 100 countries, UPS said.

United Parcel Service, Inc. (UPS) is a package delivery company. Shares of UPS fell by 1.3% or $-1.28/share to $97.28. In the past year, the shares have traded as low as $88.45 and as high as $105.37. On average, 2733360 shares of UPS exchange hands on a given day and today's volume is recorded at 1316552.