FedEx, UPS to serve mainland with dispatch - China Daily FedEx Express, together with United Parcel Service Inc, or UPS, are seeking permits from the State Post Bureau to conduct a domestic express business in China, according to a notice posted on the bureau's website. The four largest logistics companies in the world - DHL Express, Federal Express Corp, TNT Express NV and UPS - entered the Chinese market during the 1980s. But none of them has managed to dominate the domestic market for its services. One reason foreign companies have not done as well here as elsewhere, analysts said, is that China's domestic express companies still provide services at relatively low prices. With low labor and management costs, they have an advantage in conducting business in the country.