Taiwan Express, Cargo: Upbeat Forecast

Major air cargo and express multinationals in Taiwan have given upbeat forecasts for their businesses this year, reports the Commercial Times. Firms with operations in Taiwan including DHL Corp. (X.DHL), Federal Express Corp., United Parcel Service Inc. (UPS) and TNT Global Express, Logistics & Mail said in the first quarter on average their business grew 30%. They added business is expected to grow 25% in the second quarter and rise between 35%-40% in the third and fourth quarters. The firms said the reason for the upbeat outlook stems from a warmer economic relationship across the Taiwan Strait as Taiwan firms send orders to their China plants for production.