A market war is underway among express delivery firms in China as foreign and domestic firms battle for a share of the lucrative market.
Liu Xuede, deputy chairman of Sinotrans Air Transportation Development Company said Saturday that the express delivery market had grown rapidly as couriers sought to carve out niche areas for their services.
Read MoreShare of U.S. ground parcel market controlled by integrated carriers, by volume, in first quarter 2002.
Read MoreThe Board of Directors of UPS (NYSE:UPS) opened its regular quarterly meeting today in China, marking the first time the group has formally met at a site in the increasingly important Asia Pacific Region. UPS recently announced plans to open 20 new representative offices in China by the end of 2003 and in the past month, opened three offices in the eastern cities of Xiamen, Shenzhen and Qingdao.
Read MoreUPS today unveiled its new automated package distribution hub in Maple Grove. The facility features new technologies for material handling and one of the most sophisticated sorting systems ever constructed. The 335,000-square-foot building can sort 20,000 packages an hour or more than five per second. It will be home to 272 delivery vehicles when at full capacity, and will house a retail customer counter starting in 2003.
Read MoreLansinoh Laboratories, which provides products for new mothers, will rely on four UPS business units to support its growth while it focuses its internal resources on product development and sales.
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