Begins Relocation of Asia Pacific Hub
SHENZHEN, February 8, 2010 -- UPS (NYSE:UPS) today launched its inaugural flights at the new UPS Shenzhen Asia Pacific Hub at Shenzhen Baoan International Airport. The flights mark the commencement of UPS's intra-Asia air operations at the new hub and the transition of its intra-Asia hub operations from its former site in Clark, Philippines to Shenzhen, China.
Businesses that increasingly see intra-Asia trade as a key part of their strategy will benefit from UPS's extensive connectivity and portfolio of services in the region.
According to reports, Intra-Asia trade is expected to grow at an annual average rate of 12.2% until 2020, versus Asia's trade with the U.S., which is projected to grow 7.3% annually over the same period.
"The inauguration of our flights in Shenzhen is part of our continued efforts to help our customers execute their trade in the region more efficiently," said Derek Woodward, President, UPS Asia Pacific. "As part of this strategic move, UPS's existing intra-Asia hub operations at Clark will be refocused to serve as the main import and export gateway for the Philippines as well as to continue its role as a leading centre for our service parts logistics operations."
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