US&T to Invest in E-Commerce
United Shipping & Technology, which became the nation’s largest same-day delivery firm with the acquisition of Corporate Express Delivery Systems in September, has raised $9 million through a private sale of stock.
United Shipping recently began testing a browser-based, real-time tracking system that allows online merchants to monitor the movement of packages throughout the US&T system.
For the full story, see the Jan. 17 print edition of Transport Topics. Subscribe today.
The money will be used to fund additional investments in technology applications and electronic commerce business expansion and to enhance working capital, company officials said.
 |  |
“Our customers can actually ‘watch’ their delivery move from the pickup point to the final destination on the Internet,” said Steve Jeffrey, director of information technology for Corporate Express.
