Chinese decision hits UPS, others - Atlanta Journal Constitution
China has given its national postal service a monopoly over the domestic letter and document delivery market, cutting UPS and rivals FedEx, DHL and TNT out of a huge potential market.
A law went into effect Oct. 1 that stipulates that only China Post may deliver letters and documents mailed within China. Foreign carriers may still deliver letters in or out of the country, as well as packages mailed within China, UPS spokesman Norman Black said.
Still, the domestic letter rule is a setback for Sandy Springs-based UPS.
China has given its national postal service a monopoly over the domestic letter and document delivery market, cutting UPS and rivals FedEx, DHL and TNT out of a huge potential market.
A law went into effect Oct. 1 that stipulates that only China Post may deliver letters and documents mailed within China. Foreign carriers may still deliver letters in or out of the country, as well as packages mailed within China, UPS spokesman Norman Black said.
Still, the domestic letter rule is a setback for Sandy Springs-based UPS.