UPS to build new Asia hub
The US express service provider United Parcel Service is investing USD 125 million in a new intercontinental airfreight hub in Shanghai (China). The approximately 100,000 sqm facility is scheduled to go into service in November. Over and above this, the CEP service provider wants to start construction work on a USD 180 million hub in Shenzhen (China) for intra Asian flights. This platform should be finished by 2010 and replace UPS’ existing facility in the Philippines. UPS anticipates that it will generate 40 pct of its sales in international traffic in 2010. At present the figure is 25–30 pct. UPS has also announced that it is acquiring a logistics company in China, but it is still remaining tight-lipped about the rumours concerning its supposed USD 20 billion offer for TNT, Europe’s second largest CEP service provider.
The US express service provider United Parcel Service is investing USD 125 million in a new intercontinental airfreight hub in Shanghai (China). The approximately 100,000 sqm facility is scheduled to go into service in November. Over and above this, the CEP service provider wants to start construction work on a USD 180 million hub in Shenzhen (China) for intra Asian flights. This platform should be finished by 2010 and replace UPS’ existing facility in the Philippines. UPS anticipates that it will generate 40% of its sales in international traffic in 2010. At present the figure is 25–30%. UPS has also announced that it is acquiring a logistics company in China, but it is still remaining tight-lipped about the rumours concerning its supposed USD 20 billion offer for TNT, Europe’s second largest CEP service provider.
