The corporate brand for United Parcel Service (UPS), is displayed on a display screen on the New York Inventory Trade (NYSE) in New York, U.S., October 22, 2019. REUTERS/Brendan McDermid
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March 16 (Reuters) – Logistics firm United Parcel Service Inc (UPS.N) has suspended all pickup, supply and self pickup providers within the southern Chinese language cities of Shenzhen and Dongguan after strict restrictions had been imposed to curb the unfold of COVID-19.
The U.S.-based firm has additionally determined to put aside imported shipments in provinces akin to Fujian and Jiangsu for sanitizing for a particular variety of days. The transit time for shipments could also be prolonged, it warned.
A number of Chinese language provinces and cities have in current days tightened restrictions in keeping with Beijing’s zero-tolerance purpose of suppressing COVID-19 as rapidly as doable. learn extra
The curbs have additionally pressured FedEx Corp (FDX.N) to make changes to its community, the corporate mentioned in an emailed assertion on Wednesday.
The service disruptions come after the 2 of the world’s largest logistics firms mentioned final month they’re halting supply service to Russia and Ukraine following Moscow’s invasion of its neighbor. learn extra
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Reporting by Kannaki Deka in Bengaluru; Enhancing by Aditya Soni
