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UPS: Big Brown's Big Move Into China
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<blockquote data-quote="cheryl" data-source="post: 774913" data-attributes="member: 1"><p><strong><u><a href="http://seekingalpha.com/article/228870-ups-big-brown-s-big-move-into-china" target="_blank">UPS: Big Brown's Big Move Into China - Seeking Alpha</a></u></strong></p><p> </p><p>Dan Brutto, president of UPS’s international operations, believes 2010 offers a good time to expand beyond the international express business that it has long focused on in China.</p><p> </p><p>He says that Chinese demand, once a distant possibility, is now taking shape. The opportunities are tremendous. If you take a look at the growing middle class in the future, the domestic market is going to be worth billions.</p><p> </p><p>Ripe for consolidation, the Chinese package delivery market represents a great opportunity for UPS. XU Yong, chief adviser to China Express Consulting, estimates that international companies can capture a 5-8% share of the domestic side by 2015, up from a fraction of that today.</p></blockquote><p></p>
[QUOTE="cheryl, post: 774913, member: 1"] [B][U][URL="http://seekingalpha.com/article/228870-ups-big-brown-s-big-move-into-china"]UPS: Big Brown's Big Move Into China - Seeking Alpha[/URL][/U][/B] Dan Brutto, president of UPS’s international operations, believes 2010 offers a good time to expand beyond the international express business that it has long focused on in China. He says that Chinese demand, once a distant possibility, is now taking shape. The opportunities are tremendous. If you take a look at the growing middle class in the future, the domestic market is going to be worth billions. Ripe for consolidation, the Chinese package delivery market represents a great opportunity for UPS. XU Yong, chief adviser to China Express Consulting, estimates that international companies can capture a 5-8% share of the domestic side by 2015, up from a fraction of that today. [/QUOTE]
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