UPS Shenzhen Intra-Asia Hub on Track to Open for Business in Q1 2010

UPS and Shenzhen Customs Sign MOU that Enables 24/7 Customs Clearance at Hub

UPS (NYSE:UPS) and the Shenzhen Customs authority signed a memorandum of understanding (MOU) today to seal the terms of their partnership at the soon-to-be-completed UPS intra-Asia hub. Located at China’s Shenzhen International Airport, the hub will not only serve as a gateway for UPS customers to easily access markets in the region, but will also be a major boost to the development of the air freight industry in the special economic zone. The MOU was signed by Wu Qiang, Director, Shenzhen Airport Customs and K.M. Liu, Senior Vice President, Transportation Group, UPS Asia Pacific Region in the presence of Zhang Siping, Vice Mayor of Shenzhen

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