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United Parcel Service Inc. said Friday it expanded a partnership with an Indonesian company that will market, pick up and deliver UPS packages throughout the country.
UPS said it is expanding an alliance with PT Tiki Jalur Nugraha Eka Kurir, or JNE, an Indonesian company that currently handles pick up and delivery of UPS international express packages. It said JNE has more than 500 centers around the country. UPS has done business in Indonesia since 1988 and first partnered with JNE in 2000.
Indonesia is the fourth most populous country in the world, with about 240 million people. The country is an archipelago made up of thousands of islands.
In afternoon trading, UPS shares dipped $1.27 to $66.15.