United Parcel Service, Inc. (UPSannounced that it has added six stations to its full and less-than-container load (FCL and LCL) multimodal rail service connecting Europe and China. This expansion will provide customers with more options for reducing supply chain costs. Following the move, they can balance cost/time-in-transit requirements in a better manner.

Changsha, Chongqing, Suzhou and Wuhan stations have been added to the existing ones -Zhengzhou and Chengdu- in China. Additionally, in Europe, Duisburg, Germany and Warsaw, Poland have been included as stations to the ones in Lodz, Poland and Hamburg, Germany

According to Cindy Miller, President of UPS Global Freight Forwarding, this rail service is expected to save customers up to 65% versus air freight and improve time-in-transit by 40% versus traditional ocean freight service.

The new rail service offers closed circuit TV monitoring during train transition, seal management, alarms and optional GPS container tracking. The customs clearance process has been simplified and is limited to China and European import/export nations. It also offers several other improved facilities that will provide customers with fast and cost effective shipping solutions.

We note that United Parcel, which competes with the likes of FedEx Corporation FDX, has been making constant efforts to expand. Toward this end, it has inked multiple deals and launched products.

Zacks Rank & Key Picks

United Parcel currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the broader transportation sector areRadiant Logistics RLGT and Gol Linhas Aereas Inteligentes GOL. Both Radiant Logistics and Gol Linhas sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Radiant Logistics performed impressively in the fourth quarter, delivering an earnings surprise of 900%, while shares of GOL Linhas gained over 36% in the last six months.

More Stock News: 8 Companies Verge on Apple-Like Run

Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.

A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Gol Linhas Aereas Inteligentes S.A. (GOL): Free Stock Analysis Report
 
United Parcel Service, Inc. (UPS): Free Stock Analysis Report
 
FedEx Corporation (FDX): Free Stock Analysis Report
 
Radiant Logistics, Inc. (RLGT): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Want to learn how to invest?

Get a free 10 week email series that will teach you how to start investing.

Delivered twice a week, straight to your inbox.