Global courier company UPS and China’s SF Holding have agreed to establish a joint venture for international delivery services, initially from China to the US.
“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 long-term vision is to serve customers across various industry verticals, including retail, high-tech and manufacturing (including automotive).
SF Holding, which owns the SF Express courier brand, has a network of over 13,000 service points in China.
