Tag: China

UPS to open 3 retailing outlets in China in Q2

Posted by | Feb 24, 2006 | |

US United Parcel Service (UPS) plans to open three retailing outlets in China in Shanghai in the second quarter of this year. An executive for UPS told journalists that small and medium businesses accounted for about 30% of total Chinese clients of UPS and made great contributions to UPS’ profits. The three retailing outlets will provide services of collection and delivery of express mails as well as copy and bookbinding. UPS considers locating the outlets in CBD (central business district), hotels and neighboring universities. FedEx is also studying localization of retailing outlets and is set to march into the Chinese retailing market.

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FedEx and UPS lead China foray

Posted by | Feb 17, 2006 | |

FedEx and United Parcel Service are leading the charge among foreign logistics and transportation companies into China. Both companies have seen exceptional growth in the China market and believe expansion in China is crucial to future growth. FedEx recently agreed to pay USD400m to Tianjin Datian W Group to take full control of its international and domestic express business in China. The move, which is still subject to Chinese government regulatory and licensing approval, will allow FedEx to consolidate and expand its presence in secondary cities outside the main urban centres of Beijing, Shanghai and Guangzhou.
FedEx Corp chairman Fred Smith says: ‘This strategic investment in the long-term growth of China will broaden and deepen our relationship by improving access to important markets.’ UPS chief financial officer Scott Davis is similarly excited about the logistics opportunities in China. Speaking last month he said: ‘Business in China is still extremely strong. We don’t see anything getting in the way of this growth for many years to come. A big market, a lot of opportunities.’

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INVESTING IN CHINA: A dogfight for courier service dominance

Posted by | Feb 15, 2006 | |

When FedEx paid Dollars 880m for Flying Tigers, a cargo airline, in 1988, it was buying a piece of Chinese history. Flying Tigers was founded by, and named after, a group of American volunteer fighter pilots who flew for China against Japanese forces in the second world war.

FedEx, however, was more interested in the international cargo network that came with the deal – including access to China.

The acquisition helps explain why, nearly two decades later, FedEx operates more flights to China than any other express delivery company.

Next month, the company will add a further three flights, taking its weekly total to 26, and work is under way to relocate its regional hub from the Philippines to the southern Chinese city of Guangzhou.

But while FedEx enjoys aerial supremacy in to and out of China, inside the country it faces a much tougher dogfight with its rivals DHL, UPS and TNT. FedEx’s need to strengthen its domestic capabilities explains why it agreed a Dollars 400m deal last month to take full control of its Chinese joint venture with Tianjin Datian W. Group.

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FedEx sees steady global growth in '06

Posted by | Feb 9, 2006 | |

Global economic growth prospects appear to be in good shape heading into 2006, FedEx chief economist Gene Huang said Thursday. Global growth should be slightly above 3% this year, after growing at a 3.3% rate in 2005, Huang said.
Huang has an enviable vantage point for an economist – a front row view of the global supply chain management system. ‘I get to watch traffic flows in every sector of every economy in the world on a real time basis,’ Huang told reporters at a briefing. The global business cycle is still determined by trade in goods, Huang said, as the services sector remains constant. Huang said 2006 will be a ‘typical mid-cycle year’ for the global economy, with continued demand and improvement in labor markets. ‘A mid-cycle environment is all about sustainability,’ Huang said. The durable goods and industrial sectors remain strong and there will be ample opportunities in merchandise trade supported by inventory restocking and pent-up demand in capital spending. The United States and China continue to be the global growth engines, Huang said.

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Private delivery firms concerned over China postal law

Posted by | Feb 8, 2006 | |

Shanghai’s private express delivery firms will lobby the government for ‘fairness’ amid fears the latest draft for a new Chinese postal law will seriously disadvantage their businesses, the Shanghai Daily reported. The latest draft, written by China Post, allows the state-backed firm to monopolize express delivery of all mail and goods lighter than 350 grams. Previous drafts allowed private firms to handle deliveries under 350 grams as long as it was not personal mail, the paper said. The new draft prevents private firms from delivering air tickets, business contracts, customs clearance papers, and greeting cards, among other items. Those items account for at least 70 pct of the current business, Liu Heping, vice general manager of Shanghai East Union Express Co, one of the city’s biggest private delivery firms, told the paper.

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