UPS And SF Holding To Establish Joint Venture
May 25 2017 - 9:30PM
- Establishes a platform to support the creation of innovative
new-to-market B2B and B2C products and services enhancing market
access, initially between China and the US, with plans for further
global market expansion
- Products supported by the joint venture will leverage the
parent companies’ networks, product portfolios, technologies and
supply chain expertise
- Customers in China to be offered more international shipping
options, transit times and services, enhanced visibility and
control of international shipments, and cohesive customer care at
origin and destination
- Joint venture subject to regulatory approval
UPS (NYSE:UPS) and SF Holding (SZSE:002352), the
parent company of SF Express, today announced plans to establish a
joint venture and collaborate to develop and provide international
delivery services initially from China to the US, with expansion
plans for other destinations. Through this agreement the parties
will leverage their complementary networks, service portfolios,
technologies and logistics expertise. The joint venture is
subject to regulatory approval.
UPS is the world’s largest express delivery company and a
leading global supply chain integrator. SF is a market leader in
express delivery in China, with extensive China-wide network
coverage, comprehensive service capabilities, and the highest brand
recognition in the Chinese small package market.
“UPS is excited to form a joint venture with SF. This joint
venture will support products that provide competitive benefits to
our Chinese customers who trade or seek to trade internationally,”
said Ross McCullough, President of UPS Asia Pacific. “Our combined
efforts will result in new logistics products and services to
simplify and accelerate B2B and B2C customers’ cross-border
trade.”
The joint services offerings combine the strengths of SF’s
extensive Chinese network, encompassing more than 13,000 service
points in the world’s largest and fastest growing package delivery
market, with UPS’s market leading globally integrated network with
coverage between more than 220 countries.
Alignment of the partners’ shipping networks will provide
customers with greater coverage, additional routing options,
increased capacity, and more choice in transit times and service
options. The joint venture will initially focus on supporting
these highly competitive joint service offerings on the China-to-US
lane, with planned expansion to markets in the rest of the
world.
“China is leading the world in terms of e-commerce market size,
growth, penetration and mobile business usage*. Coupled with a
rapidly growing and internet-savvy consumer base, it’s imperative
that SF and UPS collaborate to revolutionize the logistics
sector. Together, we aim to bring greater competitive
advantages to our customers in China, to succeed globally,” said
Alan Wong, Group Vice President of SF.
The joint venture supports the creation of competitive synergies
for UPS and SF through the combined scope and scale of both
companies’ complementary networks. Both companies will utilize
their own assets to enhance operational effectiveness and
efficiency while aligning business processes in order to provide
seamless customer care for all parties shipping out of
China.
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a
broad range of solutions including transporting packages and
freight; facilitating international trade, and deploying advanced
technology to more efficiently manage the world of business.
Headquartered in Atlanta, UPS serves more than 220 countries and
territories worldwide. The company can be found on the web at
ups.com® and its corporate blog can be found at longitudes.ups.com.
To get UPS news direct, visit pressroom.ups.com/RSS or follow
@UPS_News.
About SF Holding
SF Holding (SZSE:002352), the parent company of leading
integrated express logistics service provider in China, SF Express,
offers high-quality logistics services to the full value chain,
including production, supply, sales and distribution. Focusing on
customer needs, SF leverages big data and cloud computing
technology to provide integrated logistics services composed of
warehouse management, sales forecasting, big data analysis and
settlement management. As an intelligent logistics operator with a
large scale network, SF has access to domestic and international
logistics networks, including air transportation, substation,
ground transportation, customer services and industrial parks.
# # #
*
https://www.emarketer.com/Article/China-Eclipses-US-Become-Worlds-Largest-Retail-Market/1014364
UPS Global:
Steve Gaut
404-828-8787
sgaut@ups.com
UPS Asia:
Cheri Chow
cheri.chow@ups.com
For SF:
Kitty Wang
wangzhuo@sf-express.com
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