UPS ENHANCES ASIA TRADE CONNECTIVITY AS REGION LOOKS TOWARD GROWTH

HONG KONG, July 9, 2019 – The series of service enhancements UPS (NYSE:UPS) revealed today impact almost 1.4 million postal codes in 41 countries and territories across the Asia Pacific region, enabling worldwide connectivity for over 22 million businesses.

“At the root of the investments in our Smart Logistics Network is a simple desire to make global commerce easier for Asian businesses – because when they grow, we grow too,” said Ross McCullough, President, UPS Asia Pacific Region. “More UPS customers in the region will now be able to have their shipments sent and received in less time; they’ll be able to find us easily in more cities and towns, and they’ll be able to send shipments later in the day than before – all of which will open new opportunities for businesses in the region to trade more efficiently with the rest of the world.”

A key enhancement for Hong Kong this year is the deployment of three Boeing 747-8s through August 2019. The new aircraft replaces existing Boeing 747-400s on four weekly direct flights, and increases aircraft capacity by 19 percent.

“Despite regional trade volatility, Hong Kong continues to see strong growth in air cargo traffic. By 2035, Hong Kong International Airport is expected to handle almost 10 million tonnes of cargo – double the volume in 2018 . As a ‘super-connector’ in the region, enhancements like the aircraft and Shenzhen Hub upgrades will empower UPS and our customers in Hong Kong to further capture the emerging business opportunities from the Greater Bay Area and the Hong Kong-ASEAN Free Trade Agreement, which has been in effect since early June of this year,” said Lauren Zhao, Managing Director, UPS Hong Kong and Macau.
In the first half of 2019, UPS also completed the following as part of its strategy to bolster economic development in the region, which is projected to account for 63 percent of global GDP growth in 2019 :
• Shenzhen Asia Pacific Air Hub upgrades increase the hub’s processing capacity by nearly 50 percent in preparation for volume gains in the coming three years.
• Transit times reduced across 2,300 trade lanes: Intercontinental transit times reduced by up to 4 days, while shipments with destinations in Asia see transit times improved by up to 2 days.
• Improved the geographic reach of UPS Worldwide Express® services, offering international shipping with time-definite deliveries in Australia, Hong Kong, Japan, Singapore, and South Korea. Customers in the Tuen Mun district can now opt to receive their urgent shipments by 2:00 PM, strengthening the reliability of their supply chains.
• Extended pick-up times by up to five hours for export shipments from China, Japan, Taiwan, and South Korea, widening production windows and giving businesses additional time to fulfil customer orders.
• Strengthened supply chain flexibility with Saturday pick-up services in the U.S. enabling import shipments destined for eight markets in Asia – including Hong Kong – to be delivered one day earlier than before.

Another key regional enhancement bolstering growth across Asia this year, UPS’s Shenzhen Hub serves as a transfer point for shipments moving within the region, and the enhancements improve both reliability and quality of service provided to UPS customers in Asia. About 550 employees maintain round-the-clock operations at the hub, which houses separate sorting and handling facilities for express and cargo shipments, on-site customs office and processing – including China Inspection and Quarantine (CIQ) clearance for import commodities – and a dedicated 150,000 square meter ramp with 13 aircraft parking positions. Self-operated aircraft ground-handling provides UPS, as a logistics integrator, with greater control over the 86 weekly UPS flights in and out from the hub.

UPS has operated in the Asia Pacific region since 1988, and has grown to service 41 countries and territories in the region over the past 30 years. In 2018, the company implemented the largest expansion of the UPS My Choice® service since its launch, offering users enhanced visibility in 96 new countries and territories. Users in Hong Kong can now enjoy greater flexibility on how they receive their deliveries, by picking up their packages from over 900 delivery lockers and designated S.F. stores in the city.

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 or pressroom.ups.com and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, follow @UPS_Asia on Twitter, UPS 中国动态 on WeChat, and UPS中国 on Sina Weibo.

Contacts:
Joanne Mak
UPS Hong Kong
Tel: +852 2737 4091
Email: mjoanne@ups.com

Matthew Liu
Ogilvy PR
Tel: +852 2884 8474
Email: matthew.liu@ogilvy.com

###

Email This Post Email This Post

Review overview
NO COMMENTS

POST A COMMENT