UPS and SF Holding, parent company of SF Express, are to establish a joint venture to develop and provide international delivery services.
According to the two companies, the collaboration will initially cover shipments from China to the US but is planned to expand to other destinations.
“UPS is excited to form a joint venture with SF,” said Ross McCullough, president of UPS Asia Pacific. “This joint venture will support products that provide competitive benefits to our Chinese customers who trade or seek to trade internationally. Our combined efforts will result in new logistics products and services to simplify and accelerate B2B and B2C customers’ cross-border trade.”
UPS and SF will combine their networks, service portfolios, technologies and logistics expertise, providing customers with enhanced coverage, additional routing options, increased capacity and more choice in service options.
“China is leading the world in terms of e-commerce market size, growth, penetration and mobile business usage,” said Alan Wong, group vice president of SF. “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.”
UPS serves more than 220 countries and territories around the world, while SF is an integrated express logistics provider with more than 13,000 service points in China.