UPS to acquire Estafeta.

UPS, an American multinational shipping & receiving and supply chain management company, agreed to acquire Estafeta, a Mexican express delivery company. Financial terms were not disclosed. “Global supply chains are shifting, Mexico's role in global trade is growing, and Mexican SMB and manufacturing sectors are looking for reliable access to the US market. There is no better way to capitalize on these trends than by combining the size and scale of UPS with Estafeta. As the shift to nearshoring continues, our combined business will give customers in Mexico unprecedented access to global markets with seamless service and greater efficiency,” Carol Tomé, UPS CEO.