UPS Opens First Retail Centers in China

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PS Inc. said Wednesday it opened its first retail centers in Shanghai, China, the first retail endeavor launched by the company in that country.

The centers are located in Shanghai’s central business districts, with one at the Shanghai Stock Exchange and the other in the city’s convention center.

Last year UPS took direct control of its operations, serving more than 330 cities in China, which represent 85% of China’s international trade activity.

UPS said earlier this year it would expand its air operations in China throughout 2006 and now flies to more points in China than any other U.S. airline, freight or passenger. (Click here for previous coverage.)

The company said it now has more than 4,000 employees in China.

UPS is ranked No. 1 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.