佐治亚州亚特兰大
- Consulting, management and fulfillment services create a turnkey Foreign Trade Zone (FTZ) solution
- UPS converts four major U.S. gateways into FTZs
- 42 UPS-operated distribution centers in U.S. available for FTZ
UPS (NYSE:UPS) today announced the recent integration and expansion of Zone Solutions* within its customs brokerage, warehousing, logistics and transportation business. The addition gives UPS a portfolio of Foreign Trade Zone (FTZ) consulting, management and fulfillment services.
UPS also converted four of its major U.S. international air freight (IAF) gateways into FTZs: Chicago (ORD), New York (JFK), Dallas (DFW), and Los Angeles (LAX). The expansion extends UPS’s FTZ-related capabilities beyond warehousing and distribution to create a comprehensive FTZ solution for helping clients manage the end-to-end process from dealing with customs to inventory control. Any of UPS Global Logistics’ 42 U.S. distribution centers can become FTZs.
“UPS is constantly searching for ways to add value while decreasing the cost and complexity of our customers’ supply chains,” said Jeff McCorstin, President of UPS Global Brokerage and Customs. “Adding FTZs enables customers to streamline compliance validations to mitigate risk and promote savings on their IAF shipments by leveraging FTZ-designated gateway facilities.”
The strategic utilization of the FTZ program provides opportunities for duty elimination on exports and scrap, as well as duty deferral on foreign status inventory in an activated FTZ.
According to the most recent data from the Census Bureau (2017), import duties totaled $33.1 billion – equal to 1.4% of the total value of all imported goods, and 4.7% of the value of all imports subject to duty. For businesses looking to grow and expand, proper management and payment of duties is critical.
Importers in industries such as consumer electronics, automotive, apparel, and footwear historically pay high duty rates when importing their products into the country. Foreign Trade Zones help reduce duties, import taxes and other fees by utilizing special regulations that provide potential cost-saving measures through duty deferral, duty elimination, tariff inversion, fee consolidation and streamlined U.S. Customs procedures.
Additional potential benefits of FTZs include:
- Duty deferral – store merchandise in an FTZ and delay paying duty until goods enter into U.S. commerce
- Duty elimination - pay no duty for goods not entered for consumption in the United States when exporting goods out of the zone or when destroying goods no longer needed
- Inverted tariff shift - the use of kitting or manufacturing techniques in the FTZ may result in a new tariff classification with a lower duty rate
- Fee consolidation - entries to U.S. Customs are consolidated into one weekly entry
- Time to market - goods that have not yet received FDA approval, or approval from another government agency, may potentially be housed in an FTZ in anticipation of approval, and ready for market
- Regulatory compliance - systematic monitoring of FTZ transactions helps drive consistent processes
UPS Global Customs Brokerage processes almost 25 million import clearances each year in the U.S. alone, making it one of the world’s largest customs brokers.In 2017, UPS acquired Zone Solutions, a 20-year leader in FTZ services, to bolster its global trade portfolio and provide a wide range of services for companies considering a FTZ program.
“This acquisition was in direct response to our customers’ growing needs,” McCorstin added. “Zone Solutions’ talent and expertise means UPS now provides leading FTZ solutions offerings.”
For additional information, visit UPS Zone Solutions, and to learn more about potential savings, visit our FTZ Savings Estimator.
*Zone Solutions is a service offered by UPS Trade Management Services, Inc.
关于 UPS
UPS (纽交所: UPS) 是全球最大的包裹递送公司之一，2019 年营收为 740 亿美元，为 220 多个国家和地区的客户提供广泛的综合物流方案。公司有超过 500,000 名员工接受了一项说起来简单而且能够完全执行的策略：客户至上。以人为本。致力创新。UPS 致力于成为环境的管理者，并为我们在全球服务的社区做出积极贡献。UPS 同时以坚定不移之姿，支持多元化、公平性和包容性。UPS 公司的网址为 www.ups.com，更多信息请访问 www.pressroom.ups.com 和 www.investors.ups.com。