UPS and SF Express team up
UPS and SF Express plan to establish a new joint venture that will provide international delivery services. In the initial stages, the JV will focus on deliveries from China to the US, but the plan is to expand to other destinations in the future.
UPS and SF Express said that they plan to “leverage their complementary networks, service portfolios, technologies and logistics expertise”.
The joint venture is subject to regulatory approval.
UPS, of course, is one the of big global integrators; and SF is a strong player in the Chinese express delivery market.
Ross McCullough, President of UPS Asia Pacific, commented: “This joint venture will support products that provide competitive benefits to our Chinese customers who trade or seek to trade internationally,” said
“Our combined efforts will result in new logistics products and services to simplify and accelerate B2B and B2C customers’ cross-border trade.”
Alan Wong, Group Vice President of SF, added: “China is leading the world in terms of e-commerce market size, growth, penetration and mobile business usage. Coupled with a rapidly growing and internet-savvy consumer base, it’s imperative that SF and UPS collaborate to revolutionize the logistics sector. Together, we aim to bring greater competitive advantages to our customers in China, to succeed globally.”
Meanwhile, on 8 May, SF announced that it had opened new service centres in Vietnam and Thailand.
