UPS/SF Holding JV receives regulatory approval
China’s ministry of commerce has given its approval for the planned joint venture (JV) between UPS and SF Holding, the parent company of SF Express. The JV enables UPS and SF to collaborate on the development and provision of international delivery services initially from China to the USA, and, in the future, to other trade lanes.
SF, a Chinese express delivery service provider, has extensive network coverage across China, comprehensive service capabilities, and the highest brand recognition in the Chinese small package industry.
The newly approved joint venture is a continuation of UPS and SF’s collaboration that began in 2015, when UPS Worldwide Express service was made available at SF’s Heike retail stores in Shanghai and Shenzhen.
The alignment of the two partners' transport networks provides customers with greater coverage, additional routing options, increased capacity, and more choice in transit times and service options. (mw)