UPS UNLOCKS MORE INTRA-ASIA TRADE OPPORTUNITIES WITH LAUNCH OF NEW BANGKOK FLIGHT

Friday 22 July 2022 08:49
Leading global logistics integrator UPS (NYSE: UPS) has launched a new flight from Bangkok Suvarnabhumi Airport (BKK) to UPS's Intra-Asia Hub in Shenzhen, China (SZX) to significantly boost international trade opportunities for businesses in Thailand.
UPS UNLOCKS MORE INTRA-ASIA TRADE OPPORTUNITIES WITH LAUNCH OF NEW BANGKOK FLIGHT

The new flight means UPS customers in eastern and central Thailand can enjoy faster delivery to more of the country's top trade partners across Asia Pacific, as well as extended pickup cut-off times that provide greater flexibility for exports to customers in major economies worldwide. Meanwhile import customers will also benefit from earlier delivery times that speed up production lines, inventory management and order processing.

"Thailand has played a key role in UPS's global growth strategy for well over 30 years and we know how important it is for our customers to have easy access to fast, consistent and stable air cargo capacity," said UPS Thailand Managing Director Russell Reed.

"This flight connects UPS customers in Thailand's industrial heartland to more of the country's top regional trading partners faster than ever, offering more cross-border trade opportunities for businesses using UPS's network and our industry-leading delivery services to other global destinations including Europe and the United States."

Data from the upcoming UPS Intra-Asia Study - which looks at key opportunities to unleash intra-Asia trade potential - shows that a strong manufacturing sector and growing domestic consumer demand mean Thailand is poised to become a key intra-Asia trade hub. As a result, the country's trade with the other major markets in the region could double to over USD550 billion by 2030.

Thailand's central and eastern provinces are not only home to some of the country's most established high tech, automotive and retail manufacturing hubs, they also serve as a key gateway to the eastern economic corridor (EEC), the government-led initiative which aims to revitalize and ensure the long-term sustainable development of the country's industrial future.

"This is the third year in a row that UPS has introduced flights into our Asia Pacific network, after services to and from Hanoi and Ho Chi Minh City in 2020, and to and from Osaka Kansai in 2021; this demonstrates our commitment to boosting global trade opportunities for businesses across the region," said UPS Asia Pacific President Michelle Ho.

"With more dedicated UPS flights into and out of Thailand, our customers can count on the reliability of the UPS network to help them capitalize on cross-border growth opportunities."

The new route will be serviced by a Boeing 747-8, the largest aircraft in the UPS fleet. It will operate five days a week, from Monday to Thursday and on Saturdays and will directly connect Bangkok Suvarnabhumi Airport to UPS's Intra-Asia Hub in Shenzhen, China. The UPS air network features a fleet of almost 600 aircraft delivering to over 220 countries and territories around the world.

Source: Spark communications

UPS UNLOCKS MORE INTRA-ASIA TRADE OPPORTUNITIES WITH LAUNCH OF NEW BANGKOK FLIGHT