[photopress:logisitics_ups_to_China_parcels_1.jpg,full,alignright]As we suggested on April 19th, 2007 United Parcel Service by November should have a one million-square-foot air cargo hub in Shanghai. It will be the first U.S. cargo carrier to open a hub in China.
UPS is not saying what it cost but it has already invested about $600 million in China in the past five years and a guess is it will be a lot more than that.
Stephen Hoedt, UPS analyst with National City Wealth Management in Cleveland, said, the hub will help position the carrier to penetrate ‘what probably, over the next 20 to 30 years, will be the largest domestic delivery market on Earth.
‘China is going to continue to be the manufacturing floor for the world. It’s also a growing market domestically.’
The new hub, plans for which were announced last spring, is expected to employ more than 1,000 by 2010 and serve cities in China as well as the United States, Europe and other parts of Asia.
The around-the-clock operation will accommodate larger, longer-range Boeing 747-400 freighters, compared with MD-11 aircraft that UPS handles out of China.
Source: MSBNC