UPS says intra-Asian trade offsets slower U.S. demand

Discussion in 'The Latest UPS Headlines' started by cheryl, May 27, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    UPS says intra-Asian trade offsets slower U.S. demand - Reuters

    UPS said that it expects business within Asia to drive growth in its global freight forwarding business this year to "quite a bit higher" than forecasts for 8 percent growth in the freight forwarding industry worldwide.

    "We're seeing very strong growth intra-Asia. It's the China effect," Derek Woodward, Asia-Pacific president of the world's biggest package delivery firm, told a news briefing.