Saudi Airlines Cargo Company enhanced its presence in the African & the European continents adding new freighter flights alongside extra belly capacity onboard Saudia passenger flights during the high season aiming to increase its network capabilities starting this September.
Saudia Cargo added a second additional weekly freighter flight to operate on Tuesday and Thursday to JFK Airport in New York via LGG Airport in Liege, Belgium by a 747-400F freighter aircraft moreover, Saudia Cargo has become the largest player in the Kenya-Europe market by adding four weekly freighter flights from Nairobi airport to Europe as a total of 11 flights per week. In addition, the company added an additional flight to Khartoum International Airport via a 777F aircraft.
Last June, Saudia Cargo announced the launching of its new stations in Athenes & Marakesh in line with the company’s strategy to enhance its global presence & improve its logistical capabilities in order to answer the growing demand for Air Cargo & Ground Handling Services.
Saudia Cargo, the national Saudi air freight carrier, covers more than 900 destinations in more than 175 countries, through a dedicated state of the art freighter fleet alongside the network of SkyTeam Cargo Alliance in addition to the belly capacity onboard Saudia passenger flights.
For IAG Cargo, Latin America is experiencing strong growth, particularly in the perishable, automotive and pharmaceutical sectors, regional commercial director for Latin America Rodrigo Casal tells Air Cargo Week.
Capacity is being added to markets including Brazil to give customers more flexibility and availability.
IAG Cargo also includes Florida in its LATAM region, and that is a key player in its business.
Casal says around 60% of tonnage in Florida is from the LATAM region, making it a major hub for inter-regional cargo and for links to North America and beyond.
Casal is confident about 2019, saying, “We are feeling positive about the rest of the year and hope that the strong growth seen in H1 continues throughout the second half of 2019. Our performance was really strong in H2 last year and we’re looking to build on this and continue to provide an excellent service to our customers.”
The busiest trade lane goes via Spain, accounting for over a quarter of IAG Cargo’s Latin American business.
Casal says double-digit growth between January and May was due to strong demand for perishables including fish, berries and avocados.
There is also strong growth into Asia, with Casal saying, “The main driver for this is China, where we’re seeing consistently high demand for high value perishables like stone fruits and Chilean salmon.”
Perishables have traditionally been a major export, but automotive parts are also flying out of Latin America.
Casal says they primarily originate from Mexico and Brazil where several international automakers have large manufacturing operations.
He says: “Our global network and services into Spain mean that we offer our customers plenty of options to transport their cargo to assembly plants in Europe and beyond. Our Critical and Prioritise products offer speed and reliability to ensure items like crucial spare parts are accelerated through our network to their final destination.”
This year, IAG Cargo has also added year-round services to Puerto Rico, the region’s biggest producer of pharmaceuticals, letting customers experience Madrid’s Constant Climate Centre.
Casal says, “LATAM is not traditionally a significant player in pharmaceutical trading, but increased flights to Puerto Rico and the use of our Constant Climate Centre in Madrid will grow the market.”
He adds, “We’re also planning to grow capacity out of Ecuador and Lima, the capital of Peru, by increasing frequencies to Spain in the third quarter of this year. This is the busiest business period of the year for Peru and reflects our commitment to expanding our service to wherever our customers need it.”
Tigers South Africa has expanded its services by launching a renewable energy vertical to handle the import of solar panels from China.
Tigers is working with some of the major solar panel manufacturers in the industry, as well as Energy Partners, a leading energy solutions provider in South Africa.
“These are exciting times for Tigers as we move into the renewable energy sector, which is a growing market, especially in South Africa,” said Paul Lawrence, Managing Director, Tigers South Africa.
“As with the recently opened Tigers e-commerce facility in South Africa, the renewable energy vertical is in line with our progressive approach to freight forwarding and embracing new markets.”
Tigers is providing Customs brokerage, local logistics, and warehouse storage to meet growing demand for solar panels in South Africa.
The solar panels are shipped from China into Cape Town and Durban, and then distributed across the country by Tigers.
“In South Africa, there are frequent power failures, and with such high levels of sunshine in the region it makes sense for people to invest in solar power generation,” said Lawrence.
“We expect the market for renewable energy to continue to grow in the coming years, and Tigers is ready for the demand.”
Amsterdam Airport Schiphol (AAS) has announced total cargo volume decreased by 9.2 percent to 767,519 tons, compared with 2018, but total belly cargo volume increased by 0.9 per cent, following the release of the mid-year figures.
Full freighter cargo volumes were down by 16.4 percent, with a decrease of full freighter air transport movements (ATMs) by 14.4 percent, but total belly cargo ATMs increased by 3.3 percent.
The figures show that Shanghai, China, remains the main destination for AAS, reaching 88,481 tons in the first six months of 2019, despite the ongoing trade tensions with the US, followed by Moscow, Russia, with 38,633 tons.
“The mid-year figures reflect our expectations for a decrease in overall freighter volume as we continue to face slot scarcity, on top of a weakening of the global air cargo market,” said Bart Pouwels, Head of Cargo, Amsterdam Airport Schiphol.
“As a mainport for the Netherlands, we are concerned about the negative developments within the air cargo market and the consequences it has for the overall network of our airlines at Schiphol.
“With a decrease of full freighters, we may become less attractive for freight forwarders, as the forwarders need a mix of full freight and belly cargo to operate sustainably.
“This may result in forwarders leaving Schiphol and the airport becoming less attractive for airlines as belly cargo contributes significantly to certain routes.
“So, the consequence may be that the network may be impacted as well.
“We are keen to maintain our network of destinations for which we need to keep our cargo volumes at a sustainable level.”
The mid-year figures revealed a decrease in volumes across all markets; apart from small increases in North America outbound and the Middle East inbound.
The Asian inbound market was down by 10 percent to 131,725 tons, and outbound decreased by 13 percent to 130,520 tons.
European figures show a 15 percent inbound decline to 47,493 tons, compared to the same period last year, and outbound was down by 8 percent to 54,756 tons.
The North American market saw a 13 percent inbound decrease to 56,314 tons, and an increase in outbound cargo of 4 per cent to 82,242 tons.
The Latin American market showed negative growth with inbound cargo down 10 percent to 58,666 tons, and an 8 per cent decrease in outbound cargo to 37,184 tons.
The African market showed negative outbound results with a 4 percent decrease in cargo to 25,489 tons, while inbound cargo decreased by 20 percent to 46,518 tons.
The Middle Eastern region went up by 5 percent (inbound) but declined 6 percent (outbound) to respectively 44,603 and 52,008 tons.
Thefts of products from supply chains in the Europe, Middle East & Africa (EMEA) region exceeded €55 million or more than €305,000 a day in the first six months of 2019, according to new incident data reported to the Transported Asset Protection Association (TAPA), the world’s leading Security Expert Network for everyone in the supply chain.
Data published today in the Association’s Incident Information Service (IIS) Q2 Report confirms 2019 is already a record year for freight thefts recorded by the Association in EMEA, which follows four previous years of consecutive growth. After collating intelligence on 3,981 cargo crimes in 2018, TAPA EMEA has already identified 4,198 incidents in the six months to 30 June 2019, up 5.1%.
Thorsten Neumann, President & CEO of TAPA EMEA, said, “While these figures should set alarm bells ringing for manufacturers and the cargo industry, they are still only a fraction of the full impact of freight losses in the region. Less than 30% of the losses in Q2/19 provided any financial data and, even more significantly, it is important to remember that we can only share intelligence on the thefts reported to our IIS database. The vast majority of crimes still are not being reported to us but we, and other associations we are engaged with, estimate the true cost of loss to be billions of euros every year in our region.”
Founded in 1997, TAPA’s membership in EMEA consists of nearly 600 of the world’s biggest manufacturers from industries such as the tobacco, food and drink, clothing & footwear, cosmetics and hygiene, pharmaceutical, automotive, technology, electronics, and furniture and household appliance sectors, as well as logistics service providers, law enforcement agencies, insurers and other security stakeholders. On behalf of its members, TAPA provides industry security standards for trucking, facilities and secure parking, and delivers training and crime intelligence to enhance the resilience of supply chains and inform companies of the risks they need to manage.
In the April-June 2019 period, 24 of losses with a value exceeded €100,000 and these crimes alone produced an average of €677,010. These contributed to an overall recorded loss total for the quarter of €21,048,706 as the Associated gathered information on criminal attacks in 30 countries in EMEA. As well as incidents across Europe and Scandinavia, TAPA’s IIS recorded losses from trucks and warehouses in the United Arab Emirates, South Africa, Nigeria, Zimbabwe, Kenya, Ghana, Uganda and Morocco as the number of reported crimes grew 167% year-on-year to 1,485.
Despite the increase in recorded crimes and its significant impact on the companies affected, the growing level of intelligence sharing with the Association is helping TAPA members reduce their exposure to risks. This is primarily due to its developing relationships with law enforcement agencies (LEAs) as they increase their understanding of the value of partnering with TAPA to reduce crime. In 2019, in particular, TAPA has gained strong support from police authorities in France and Germany, significantly improving its members’ understanding of the types of crimes occurring in both countries, the locations of incidents and the goods being targeted.
“We are especially appreciative of the trust and proactive support given to us by French and German law enforcement agencies to build our public-private partnerships and support our shared goals of preventing cargo crimes. In the first half of 2019, we recorded intelligence on over 2,000 attacks on supply chains in France and Germany compared to just 68 in the same period of last year as a result of this support. This is vital intelligence for our members and has been added to the data we receive from other police forces in the Netherlands, United Kingdom, Spain, Sweden and elsewhere in EMEA. Consequently, for our members at least, their supply chains are more secure and resilient. Overall, we now have a database of over 30,000 cargo crimes in EMEA that our members can use to support their in-house security programs,” added Thorsten Neumann.
In Q2 2019, the top 10 countries for recorded losses – France, Germany, the Netherlands, United Kingdom, Spain, Russia, South Africa, Belgium, Romania and Italy – accounted for 91.8% of all incidents added to the TAPA IIS database.
Growing its members’ understanding of the geographic areas where cargo thieves are active, and the modus operandi used in attacks, is increasingly critical as the majority of goods moving in supply chains are now at risk of theft, TAPA says. It recorded losses in 19 of its IIS product categories in Q2 2019, led by thefts of tobacco products, food and drink, furniture and household appliances, clothing and footwear, and cosmetics and hygiene goods. The highest value loss in the quarter involved the theft of €10 million in cash from the cargo hold of an aircraft at Tirana airport in Albania on 9 April.
The majority of cargo losses, however, still involved thieves targeting goods onboard trucks, most notably when they were parked in unsecured or unclassified locations. In Q2/19, Theft from Vehicle crimes represented 853 or 57.4% of the three-month total alongside frequent incidents involving Theft from Trailer, Theft of Vehicle and Theft of Trailer. 61% of these crimes featured trucks in unclassified parking locations. Increased security at warehouse operations in EMEA contributed to just 51 cases of Theft from Facility, 3.4% of Q2 total.
To begin to tackle one of the biggest causes of cargo crime, TAPA EMEA has launched a new secure parking program and has already added over 4,700 parking places to its online planning tool for members to access. It expects to see significant growth in Parking Place Operators joining the program in the coming months to add thousands more secure parking places into its database.
Thorsten Neumann said: “We are growing at our fastest-ever rate in EMEA in terms of our membership, the number of companies adopting our security standards, and the level of intelligence we are collating. This is because more businesses understand the consequences of being a victim of cargo crime. It leads to damaged customer relationships, increased costs and puts employee safety at risk. Our message to companies is that our supply chains are stronger when we work together and this is why we are actively encouraging more manufacturers, transport and logistics companies to join our Association. Alongside the growing support of the law enforcement community, we can all do more to improve the resilience of our supply chains and being part of the TAPA Family is a great place to start.”
Worldwide Flight Services (WFS), the world’s largest air cargo handler, is investing €10 million in a new Pharma Centre to expand its range of services for airline and freight forwarder customers at Paris Charles de Gaulle Airport. This investment also includes equipment and supplies for the next 10 years. Opening in September 2019, it will be the only facility owned by a ground handler dedicated to pharmaceuticals at Paris Charles de Gaulle (CDG).
This latest investment follows the opening of WFS pharma facilities in Copenhagen, Johannesburg and Miami.
The Pharma Centre offers both landside and airside acceptance capabilities and will be fully GDP compliant when it opens. It will also become IATA CEIV Pharma certified, as part of an initiative launched by Group ADP within the cargo community at Paris-CDG Airport, to fully support WFS’ dedicated temperature-controlled service to maintain strict control of the distribution chain, therefore protecting the quality and integrity of healthcare and life science products. With the CEIV Pharma certification, WFS will have a strategic advantage in the air cargo handling market with a stronger, more competitive and enhanced service.
The 2,400 m² dedicated space, located in the heart of CDG airport’s cargo area, has its own docks and manoeuvring area for the loading and unloading of temperature-controlled pharmaceutical shipments. The facility provides:
✓ A dedicated room for loose cargo storage at +15-+25°C with a capacity for 108 euro-pallets on four levels of racking.
✓ A dedicated cold room for loose cargo storage at +2-+8°C with the capacity to store 47 euro-pallets on the ground, and with additional racking also available.
✓ A small freezing room for loose cargo storage at -20°C capable of handling 9 euro-pallets at a time.
✓ Two temperature-controlled areas for +2 to +25°C for cargo unit load devices with a combined capacity to store 53 P2P or 106 AKE pallets.
WFS is also investing in new digital technology systems to improve operational efficiency and shipment visibility. A new warehouse management system (WMS) supports the use of barcode scanning for real-time storage capacity monitoring and management. This will ensure constant tracking of shipments from the Pharma Centre to and from aircraft with time and date statements available on demand. A temperature monitoring solution with a Cloud platform will collect temperature and humidity data in real-time via sensors and enable this information to be accessed on mobile devices.
Designed with the flexibility to adjust capacity on-demand, the WFS Pharma Centre is served by exclusively-designed temperature-controlled three-pallet trailers and cool dollies as part of WFS’ end-to-end airport handling solution and works in accordance with the strict temperature requirements for specific pharmaceutical product groups.
As part of WFS’ global safety and security programme, the controlled-access Pharma Centre is also equipped with modern screening, CCTV control and alarm systems, monitored 24/7 by its Security Operational Centre. The facility also reflects the company’s environmental commitment with its investment in an all-electric fleet of forklifts and pallet trucks as well as a robust plastic and wood waste recycling programme.
The WFS Pharma Centre will adopt a Quality Management System with specific processes for temperature-controlled cargoes. The performance will be measured against pre-set Key Performance Indicators during management reviews and internal audits.
The WFS Pharma Centre will be operated by a dedicated team of highly trained pharmaceutical handling specialists, who are IATA CEIV trained and possess a solid knowledge of time and temperature-sensitive healthcare and pharmaceutical products transportation according to IATA’s Temperature Control Regulations. They will also receive additional training at WFS’ award-winning WFS Academy, recognised by IATA as one of the world’s top 10 aviation training providers. Employees working in the building will offer expertise on product temperature ranges, packaging technology, key risk factors and critical control points.
Hugo Rodrigues, Vice President Cargo France at WFS, commented: “Pharmaceuticals continue to be one of the fastest-growing air cargo products and our airline customers have responded to this opportunity with dedicated products and services to meet this demand. WFS also has a vital role to play in helping our customers deliver the quality of service they have promised and in ensuring we consistently perform to the high standards required for sensitive, temperature-controlled cargoes to protect their integrity throughout the cool chain. At a major air cargo gateway like Paris CDG, we believe it is incumbent on ground handlers to invest in the right equipment to handle pharma products. Once again, this demonstrates WFS’ willingness to invest in new, state-of-the-art facilities when we see opportunities to benefit our customers and our own business.”
DUBAI: Samsung Gulf Electronics recently launched in Dubai the most powerful device in its Note series with Galaxy Note10 which can transform handwritten notes into digital text that can be saved in PDF or word format, premium grade camera and video, new security features, among other advance tech systems to help users make the most of every moment.
Samsung said Galaxy Note10 is inspired by a generation that ﬂows seamlessly between work and life, the Galaxy Note10 gives users the freedom to work the way they want and showcase their creative spirit, all on-the-go.
Tarek Sabbagh, Head of IT & Mobile (IM) Division at Samsung Gulf Electronics, said: “Whether they’re viewing and editing documents and presentations, watching a favorite show or playing games, Galaxy Note10 will help them do it faster and better. Packed with exciting upgrades, the Galaxy Note10 is a testament to our commitment to provide the consumers with a powerful device that helps to bring their new ideas to life with productivity, performance, design and creativity tools, as well as oﬀering them a connected experience across our portfolio of products.”
The new device comes with a new sleek, slim sophisticated design. Its ﬁngerprint security feature has been enhanced to detect fake from a real one.
Here are Galaxy Note10’s unique features:
Two Sizes: For the ﬁrst time ever, the Galaxy Note comes in two sizes, a 6.3-inch and 6.8-inch Cinematic Inﬁnity Display which features the award-winning Dynamic AMOLED display making photos and videos are brighter than previous Note devices
Handwriting to Text: The Galaxy Note10 brings a powerful new capability to the re-designed, uni-body S Pen. Now, users can jot down notes, instantly convert their handwriting to digital text in Samsung Notes, and export it to a variety of diﬀerent formats, including Microsoft Word. Users can now customize notes by shrinking, enlarging, or changing the color of the text. In just a few taps, meeting minutes can be formatted and shared; bursts of inspiration can quickly become editable documents.
Evolution of the S Pen: The S Pen now also supports intuitive gesture recognition with S Pen Air Actions so that you can always be completely in control. S Pen Air Actions let users take pictures, zoom in and out and switch camera mode with a simple gesture, as well as change content and volume in multimedia apps and manage PowerPoint presentations with ease and without the need of touching the device.
Samsung DeX for PC: The Galaxy Note10 extends Samsung DeX’s capabilities, making it easier for users to work between their phone and a PC or Mac. With a simple, compatible USB connection, users can drag and drop ﬁles between devices, and use their favorite mobile apps with a mouse and a keyboard, while keeping their data secure on their phone through Samsung Knox.
Link to Windows: The Galaxy Note10 integrates Link to Windows directly into the Quick Panel. With one click, users can connect to their Windows 10 PC. There, they can see notiﬁcations, send & receive messages, & review recent photos without pausing to look down at their phone.
Premium Video Technology: The Galaxy Note10 enables users to capture pro-grade video without having to carry around any extra gear. Live focus video adds depth-of- ﬁeld adjustments so you can blur the background to focus on your subject. Zoom-In Mic ampliﬁes the audio in frame and pushes background noise aside to help focus on the sounds that you want. And to remove the bumps and shakes that usually make an action shot blurry, new and improved Super steady stabilizes footage, and is now available in Hyperlapse mode for steady time-lapse videos.
Quick and Easy Video Editing: Once they’ve recorded their video, Galaxy Note10 users can edit-on-the-go instantly right from their phone. Video editor can be used with the S Pen, so instead of having to tap to select or edit a clip, users can choose the precise moment they want to trim.
Screen Recorder: For gamers who want to add some personality to their streams, or vloggers who want to enhance their tutorials, the Galaxy Note10 introduces Screen recorder. Easily capture what’s on the screen, use picture-in-picture to add reactions, and use the S Pen to annotate as they record for a more entertaining, engaging video.
AR Doodle and 3D Scanner: The Galaxy Note10 integrates bleeding-edge AR and 3D capabilities into the camera. Along with an Ultra Wide camera, it opens up an entirely new medium for creators.
Night Mode: People take plenty of selﬁes in low light situations—at dinner, at concerts or just enjoying a sunset. Night Mode, now available on the front camera, lets users capture striking selﬁes no matter how dim or dark the conditions.
Emirates Airline announced recently new appointments to its leadership team, including a new chief commercial officer, chief operating officer, and a new divisional senior vice president for international affairs.
The Dubai carrier said it appointed Adnan Kazim as chief commercial officer, nearly four months after Emirates’ former CCO Thierry Antinori abruptly resigned from the role. Kazim has been serving as acting CCO since Antinori’s resignation.
It also named Adel Al Radha as the new chief operating officer, leading all operational departments in the airline including flight operations, service delivery, airport services, Emirates Engineering, crew manpower, aircraft procurement, and the Emirates Flight Academy.
Meanwhile, Shaikh Majid Al Mualla has been named divisional senior vice president for international affairs. He previously held the position of divisional senior vice president for commercial operations center.
Shaikh Ahmad Bin Saeed Al Maktoum, chairman and chief executive officer of Emirates Airline and Group, said all three appointees are experienced members of the company’s leadership team, with strong expertise and proven leadership abilities.
“These roles are strategically important to growing our customer base and developing our commercial strategies, delivering the best experiences across customer touchpoints, and progressing our business objectives through engaging with governments, regulators, and key industry bodies around the world,” he said in a statement.
The change in leadership at the carrier started in May when the chief commercial officer resigned just a day after Emirates reported a 69 per cent plunge in its net profit for the year ending March 31, 2019. The drop was on the back of higher fuel costs, currency challenges and competitive pressure.
Celine Hourcade will join The International Air Cargo Association (TIACA) as Project Manager from September 2019, supporting the Association’s transformation program.
The first two priorities for Hourcade will be the development of TIACA’s Sustainability Program, including the first Sustainability Award, and the delivery of the Cargo Service Quality (CSQ) objectives for the tool, which went live in February 2019.
She will head up further projects as the Association continues to roll out new transformation initiatives as part of an ongoing drive to grow the organization and deliver a reinvigorated value proposition for members.
“I am very happy and excited that Celine is joining our team,” said Steven Polmans, TIACA Chairman, and Director, Cargo and Logistics, the Brussels Airport Company.
“With her industry knowledge, her passion for air cargo, her experience and expertise, she will be a great addition to the current TIACA team.
“It was, and is, our clear ambition to transform the organization and deliver more content to our members.
“With Celine on board, we are more than ever ready to do so.
“Celine is very well respected in our industry and did a great job when working for the International Air Transport Association (IATA), no doubt she will continue to do so when working for TIACA and our members.”
Hourcade has 18 years of experience in international business, mainly in the aviation industry, working for WaveStone, Amadeus, and then for IATA for 13 years, joining its Cargo Department in 2008, where she focused on advocacy, sustainability, industry transformation, and innovation projects.
“From the e-ticketing project on the passenger side, to the wonderful world of cargo, I am proud of the transformation initiatives I have been privileged to contribute to, launch, and drive,” said Hourcade.
“I am thrilled to join the TIACA team and work with Steven [Polmans, TIACA Chairman], Sanjeev [Gadhia, TIACA Vice Chairman], and Vladimir [Zubkov, TIACA Secretary General] to put sustainability and diversity at the top of its agenda.
“I believe it will address what the industry wants and needs and will further strengthen TIACA’s relevance.
“I am passionate about sustainability in its broader sense and believe that sustainably-minded companies will perform better than average.”
Hourcade has developed a wide range of projects at IATA including the Future Air Cargo Executive (FACE) program to attract, develop, and retain young talent in air cargo, the Air Cargo Makes It Happen campaign, the Air Cargo Carbon Footprint measurement standard, the Global Shippers Surveys, the Air Cargo Innovation Awards, and the StB Cargo program.
Hourcade is also enthusiastic about unmanned aviation and is a member of the Advisory Board of the Swiss drone start-up Rigi Technologies, and the Lake Victoria Challenge, and is part of the World Economic Forum’s Drone Innovators Network.
UPS announced recently that Richard Peretz, UPS Chief Financial Officer, 57 plans to retire. Brian Newman, 50 currently Executive Vice President, Finance and Operations, Latin America for PepsiCo, is appointed UPS Chief Financial Officer, effective immediately. Newman will join the UPS Management Committee, the senior-most leadership team responsible for management of the company. Peretz will remain with the company through December 2019 to assist Newman to ensure a smooth transition period.
Newman is a proven senior corporate leader with extensive finance, operations, corporate strategy and information technology experience. He served in positions of increasing responsibility at PepsiCo over 26 years and has worked in Asia, Europe, Russia and the U.S. in various corporate, regional and sector assignments. He began his career in investment banking prior to joining PepsiCo. In his current role, Newman has leadership responsibility for all finance and operations activity across the Latin America region.
“I am very pleased to welcome Brian to UPS’s senior management team,” said David Abney, UPS Chairman and CEO. “Brian’s deep finance knowledge and broad cross-functional experience will be a great asset as we continue our Transformation. He will contribute to our drive for improved growth and operating performance, and he will support our strategies focused on the long term success of the company.” Richard Peretz was appointed UPS CFO in 2015 and served in numerous roles throughout his 38 year career with UPS.
“On behalf of the company and the entire Board of Directors, I thank Richard for his commitment and substantial contributions to UPS,” said Abney. “Richard’s leadership and guidance helped the company achieve strong financial and operational performance, and have well positioned the company for the future. I am pleased that Richard will help facilitate a smooth leadership transition.”
“I am proud to have been part of such a great company and to have participated in UPS’s extraordinary growth during my years here,” said Peretz. “I am confident in the management team and appreciative of all the opportunities I have been given throughout my career at UPS.”
Peretz joined UPS in 1981. He held a series of finance leadership positions of increasing responsibility, including district controller supporting UPS’s expansion into the Americas, and he was a key member of the team responsible for UPS’s IPO in 1999. Peretz was named Chief Financial Officer of International in 2003, and promoted to Corporate Finance Vice President in 2007, where he oversaw a broad range of finance staff areas. He was named Corporate Controller in 2013, and expanded his role to include Corporate Treasurer in 2014.