News / UPS Mexico takeover overshadowed by poor Q2 results

Photo: UPS

UPS is taking over its partner in Mexico, pointing to strong potential in nearshoring and cross-border flows. However, the news could not compensate for disappointing Q2 results, which sent UPS stock down sharply.

Estafeta, a privately owned logistics integrator offering parcel, logistics and supply chain solutions on a domestic network of 145 facilities and over 750,000 sq metres of infrastructure serving 95% of the nation’s population, also runs an air network of four B737-400 freighters flying between 12 Mexican airports and ...