UPS Enters JV with China's SF Express
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UPS Enters JV with China's SF Express
https://www.reuters.com/article/us-u...-idUSKBN18M06B
UPS announced plans to form a joint venture agreement with Chinese express delivery firm SF Holdings SF Holdings, parent company of SF Express, is the dominant package delivery company within China with 240,000 employees.
The joint venture, which is subject to Chinese regulatory approval, will initially focus on shipping goods from China to the United States "with planned expansion to markets in the rest of the world."
UPS said it was "optimistic" that regulators would approve the agreement.
UPS has operated in China since 1988 and conducts more than 200 flights to and from its Chinese hubs weekly.
UPS announced plans to form a joint venture agreement with Chinese express delivery firm SF Holdings SF Holdings, parent company of SF Express, is the dominant package delivery company within China with 240,000 employees.
The joint venture, which is subject to Chinese regulatory approval, will initially focus on shipping goods from China to the United States "with planned expansion to markets in the rest of the world."
UPS said it was "optimistic" that regulators would approve the agreement.
UPS has operated in China since 1988 and conducts more than 200 flights to and from its Chinese hubs weekly.
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