UPS BOOSTS BRANDNAME IN CHINA -Agreement with Sinotrans Expands Branded Operations to 21 Cities in 108-City Network.ATLANTA--(BUSINESS WIRE)--Jan. 21, 1999--UPS today announced an agreement with its People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China partner, Sinotrans, to expand UPS branded operations to a total of 21 cities in China China is a geographical area encompassing multiple territories, under two states. You may be looking for:
UPS and Sinotrans (The China National Foreign Trade Transportation Corporation) signed a memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. . The agreement includes additional investments to develop dedicated operations and exchange training and management with the aim of enhancing the UPS branded identity in the country. "Sinotrans' network in China is unparalleled, offering quality service and direct timely access across the country," said Ron Wallace, president, UPS International. "UPS sees China as a thriving business region as we head into the 21st century. With this agreement we intend, by the end of the year, to make UPS uniformed drivers and brown trucks a common site on the streets of the major business centers in China." UPS and Sinotrans have had an agent partnership since 1988. UPS currently serves 108 cities across China through its joint venture in Beijing, representative offices in Guangzhou and Shanghai and the Sinotrans network throughout the rest of the country. In the last three years, UPS has made significant investments in China and Asia including entering a joint venture with Sinotrans Pekair (airfreight air·freight n. 1. A system of transporting freight by air. 2. The amount charged for transporting freight by air. air ) in Beijing, opening multimillion dollar hubs at the new Chek Lap Kok Chek Lap Kok is an island in the western waters of Hong Kong, China. Chek Lap Kok was one of the two islands (the other being Lam Chau) merged together via land reclamation techniques into to the 12.48 km² platform for the current Hong Kong International Airport. airport in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and UPS's Asia Pacific air hub in Taipei. That facility is the cornerstone cornerstone Ceremonial building block, dated or otherwise inscribed, usually placed in an outer wall of a building to commemorate its dedication. Often the stone is hollowed out to contain newspapers, photographs, or other documents reflecting current customs, with a view to of the company's $400 million investment in its Asia air network. UPS shipping volume in Asia has been growing more than 10 percent per year for the last several years. UPS is the world's largest express carrier and package delivery company, serving more than 200 countries and territories around the world. The company has been named the "World's Most Admired" delivery company by Fortune magazine. UPS employs more than 330,000 people worldwide and had revenues exceeding US$22.5 billion for 1997 on a volume of 3.04 billion packages and documents. EDITOR'S NOTES Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : - In 1994, UPS established representative offices in Beijing, Shanghai and Guangzhou. - The 21 cities involved in the new agreement include Beijing, Qingdao, Shijiazhuang, Tianjin, Shanghai, Hangzhou, Nanjing, Ningbo, Guangzhou, Fushan, Fuzhou, Shenzhen, Xiamen, Dalian, Changchun, Harbin, Shenyang, Chengdu, Chongqing, Xian and Lanzhou. |
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