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UPS plans major investment in Panama logistics

Monday, January 28, 2013

UPS, the world leader in courier service and logistics in in talks with officials in Panama with a view to a major investment there.

Panama's logistics sector is becoming more attractive to investors, particularly due to the Canal expansion project.

Although the logistics sector in general grew 9 percent last year, the amount of cargo handled in the country's ports grew just 3 percent, half of what the authorities had predicted at the start of 2012. The shortfall was caused by protests over plans to sell land in the Colón Free Trade Zone.

Full story (in Spanish)