Without disclosing the terms of the agreement, the international company has announced that by the end of 2013 it will buy Union Pak de Costa Rica S.A. and Seisa Brokerage.
Both companies have long-term relationships with UPS as Authorized Service Contractors. Costa Rica Pak Union serves medical device manufacturers and high technology, while Seisa Brokerage is dedicated to same day customs brokerage and deliveries for the Free Trade Zone.
The delivery firm has added the two countries to its UPS Express Freight network, as part of plans to double its carrying capacity in Latin America during 2012.
Scott Aubuchon, director of the international cargo airline UPS said that Nicaragua in particular, needs a critical time freight service given that 58% of its exports - seafood, textiles, gold, etc.
The air transport company has increased by 50% its cargo flight capacity to 19 weekly flights.
Guatemala, Nicaragua and Panama are three of the countries which receive large capacity UPS flights from Miami. UPS has decided to expand in response to increased demand experienced in Latin America.
The firm will use its Boeing 757 cargo plane, which will be replaced by a new B-767 aircraft, which is larger and hence has more capacity.