SF Express, China’s biggest private-sector express company, wants to expand into Europe.
Now, two-and-a-half years later, Mr. Li, in an interview in the South China Morning Post, not only re-confirmed the fleet expansion schedule, but said SF was planning to expand its business into Europe. You can read the Morning Post article, but here are some highlights.
- Mr. Li did not provide a timetable for the move into Europe, but did make clear that by “expand into Europe” SF meant offering a complete express logistics service there. That is, not just flying parcels from China to Frankfurt and handing them off to a European delivery company, but rather that SF aims to offer the full spectrum of express logistics services, including pickup and delivery.
- SF Express will account for 21% of China’s express market this year, with air cargo volume reaching 1 million tonnes. Mr. Li said he expects volume to double to over 2 million tonnes by 2018.
- The company’s air arm, SF Airlines, currently owns 16 freighters and charters 20 more. By 2018 the total of owned and chartered freighters will reach 100.
- SF has been expanding from express delivery to other parts of the supply chain in China, including cold chain and supply chain finance, to provide funding for small and medium enterprises.