UPS Starts Construction in Shanghai

Pointing to a “bright outlook” for export growth from China and throughout Asia, UPS CEO Mike Eskew said UPS was proud to be the “first US airline to open an international hub in China under the 2004 US-China Air Services Agreement."

UPS has invested about $600 million in China over five years, including its transition to becoming the first wholly owned foreign express carrier in China.

The new hub will be built on a parcel of land totaling 1 million square feet. It is scheduled to open in 2008 and should have a sorting capacity of 17,000 pieces per hour.

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