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UPS strikes joint venture with Chinese firm

SAN FRANCISCO - FEBRUARY 02: A pedestrian is reflected in the side of a United Parcel Service (UPS) truck February 2, 2010 in San Francisco, California. UPS reported a surge in fourth-quarter earnings with a profit of $757 million, or 75 cents a share, compared to $254 million, or 25 cents a share, one year ago. (Photo by Justin Sullivan/Getty Images)

Credit: Justin Sullivan

Credit: Justin Sullivan

SAN FRANCISCO - FEBRUARY 02: A pedestrian is reflected in the side of a United Parcel Service (UPS) truck February 2, 2010 in San Francisco, California. UPS reported a surge in fourth-quarter earnings with a profit of $757 million, or 75 cents a share, compared to $254 million, or 25 cents a share, one year ago. (Photo by Justin Sullivan/Getty Images)
By
May 26, 2017

Sandy Springs-based UPS has struck a deal for a joint venture with Chinese logistics company SF Holding.

UPS expects the partnership with SF Holding, the parent company of Chinese express logistics firm SF Express, to allow it to grow international deliveries from China to the United States and eventually to other destinations.

The joint venture is subject to regulatory approval. UPS said the deal would combine SF’s Chinese network with the UPS network in more than 220 countries.

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