UPS Opens First Retail Centers in China

The centers are located in key central business districts ofShanghai, one in the Shanghai Stock Exchange building and the other inthe Shanghai Mart Convention Center. Both are owned and operated byUPS and offer extended operating hours to attract nearby businesses.

"UPS is committed to making its services not only the mostreliable, but also the most convenient to businesses around theworld," said Jerry Drisaldi, vice president of UPS Retail Services."Our diverse network of 70,000 full service and drop-off locationsenables us to support the overall growth of UPS around the globethrough innovative concepts that best meet the needs of ourcustomers."

The launch of the UPS Express centers is the latest in a series ofstrategic initiatives to expand UPS's operations and brand presence inChina. In 2005, the company took direct control of its operations,serving more than 330 cities in China, which represent 85 percent ofthe country's international trade activity. UPS also expanded its airoperations in China throughout 2006 and now flies to more points inChina than any other U.S. airline, freight or passenger. The companyalso has grown its China workforce to more than 4,000 employees.

While UPS's efforts have mostly targeted the manufacturing sector,this latest move better positions UPS's global document and packagedelivery services within the financial and other service industrieslocated in these thriving business districts.

UPS is the world's largest package delivery company and a globalleader in supply chain services, offering an extensive range ofoptions for synchronizing the movement of goods, information andfunds. Headquartered in Atlanta, Ga., UPS serves more than 200countries and territories worldwide. UPS's stock trades on the NewYork Stock Exchange (UPS) and the company can be found on the Web atUPS.com.