UPS Sees Rapid Business Growth in China
United Parcel Service (UPS), the
world’s largest express carrier and package delivery company, headquartered in
the U.S., has announced here that its business in China during the second
quarter of this year had increased by 25 percent from the same period of last
year. Due to the strong growth of Chinese business, UPS’ global revenue for the
quarter hit 7.6 billion U.S. dollars, up 3.9 percent year on year, according
to an official with the company. Starting in April, UPS has six weekly flights between the United States and
China, directly servicing Beijing and Shanghai. According to the official, direct flights between the two countries cut the
time in transit for express delivery to and from major commercial centers in
China. Experts noted that, with the opening of the new UPS direct fights to China,
competition in the Chinese express delivery market is likely to become more
heated. Copyright 2001 XINHUA NEWS AGENCY -0-XINHUA NEWS AGENCY, 06th August 2001
