UPS sees strong pick up in Asian business

SHENZHEN - United Parcel Service Inc (UPS), the world's largest package-delivery company, said on Tuesday its Asian business has been unaffected by the European debt crisis and it sees strong growth from the region during the second quarter.

Most of the major European countries that trade with Asia, like Germany, France and the United Kingdom, have been resilient to the crisis, and hence there is little negative impact, Daniel Brutto, president of UPS International, said in Shenzhen, Guangdong province.

UPS said the strong Asian demand has been spurred by growing intra-Asia trade and more exports to the United States and Europe.