China grants FedEx, UPS operating licenses for some Chinese cities

Discussion in 'The Latest UPS Headlines' started by cheryl, Sep 11, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    China grants FedEx, UPS operating licenses for some Chinese cities - Reuters

    The approval gives FedEx access to eight cities while UPS was given access to five cities, the SPB said.

    The approval of the licenses was first reported by the Wall Street Journal, which also said that FedEx already provides services in Chinese cities through joint ventures with local companies while UPS doesn't have partnerships with Chinese companies.