UPS expects strong intra-Asia growth
United Parcel Service, the worldÃ¢â‚¬™s largest package delivery service, is optimistic about the intra-Asia trade growth and expects its Shenzhen Asia Pacific hub to support this development in terms of improving efficiency and transit times, Daniel J. Brutto, president of UPS International, said. Speaking to reporters at the Shenzhen hub official opening on 18 May, […]
June 1, 2010
Speaking to reporters at the Shenzhen hub official opening on 18 May, Brutto, who is responsible for air freight network management and global brokerage services, cited reports that the intra-Asia trade will double by 2015.
Ã¢â‚¬Å“So, it makes sense for UPS to sort and dispatch the packages of this (intra-Asia) trade,Ã¢â‚¬Â he said, adding that China was in the driverÃ¢â‚¬™s seat to spur this growth in the next couple of years.
With an initial investment of US$180 million, the 89,000 square-metre site is UPSÃ¢â‚¬™ largest facility in Asia and in building the facility, UPS is also recognising ChinaÃ¢â‚¬™s importance to the growth of the Asia Pacific region, amid an improving regional economy, Derek Woodward, president of UPS Asia Pacificregion, said.
UPSÃ¢â‚¬™ Asia volume grew more than 20 per cent in the first quarter with the fastest growth from the regionÃ¢â‚¬™s smalland medium-sized enterprises. Shenzhen, which is UPSÃ¢â‚¬™ second hub in China after Shanghai, will focus on intra- Asia traffic, which is boosted by a bilateral trade agreement between China and ASEAN that came into effect this year.