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The Latest UPS Headlines
FedEx Takes on UPS With Long-Range China Jets
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<blockquote data-quote="cheryl" data-source="post: 798553" data-attributes="member: 1"><p><strong><a href="http://www.bloomberg.com/news/2011-01-13/fedex-takes-on-ups-in-china-with-longest-range-cargo-jets-freight-markets.html" target="_blank">FedEx Takes on UPS With Long-Range China Jets - Bloomberg</a></strong></p><p></p><p>FedEx Corp. handles China deliveries with a local partner bought for $400 million and uses long-range freighters to fly to the U.S. nonstop. United Parcel Service Inc. seeks to build its own network and operates bigger jets. </p><p> </p><p>They’re chasing the same goal: taking advantage of Chinese regulators’ moves to welcome more foreign companies into a market for express shipments that may be valued at $7.5 billion. </p><p> </p><p>The prize for FedEx, operator of the largest cargo airline, and UPS, No. 1 in package deliveries, is wider access to the world’s fastest-growing major economy. China’s 9.6 percent annual expansion in gross domestic product is more than three times the pace in the U.S.</p></blockquote><p></p>
[QUOTE="cheryl, post: 798553, member: 1"] [B][URL="http://www.bloomberg.com/news/2011-01-13/fedex-takes-on-ups-in-china-with-longest-range-cargo-jets-freight-markets.html"]FedEx Takes on UPS With Long-Range China Jets - Bloomberg[/URL][/B] FedEx Corp. handles China deliveries with a local partner bought for $400 million and uses long-range freighters to fly to the U.S. nonstop. United Parcel Service Inc. seeks to build its own network and operates bigger jets. They’re chasing the same goal: taking advantage of Chinese regulators’ moves to welcome more foreign companies into a market for express shipments that may be valued at $7.5 billion. The prize for FedEx, operator of the largest cargo airline, and UPS, No. 1 in package deliveries, is wider access to the world’s fastest-growing major economy. China’s 9.6 percent annual expansion in gross domestic product is more than three times the pace in the U.S. [/QUOTE]
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FedEx Takes on UPS With Long-Range China Jets
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