United Parcel Service (UPS), the world's largest express carrier
and package delivery company, headquartered in the US, 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 US 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.
(China
Daily 08/07/2001)