YTO plans mega logistics center

To better serve its Yangtze River Delta customers, as well as national demand for faster and safer transportation and distribution, YTO Express Group Co Ltd has decided to invest 12.2 billion yuan ($1.79 billion) in building a mega logistics center in Jiaxing, Zhejiang province.

The aviation logistics hub is tasked to enhance the delivery efficiency and customer experience of the Shanghai-based courier's medium and high-end users, said experts.

Although China had an express delivery business volume of 40 billion items last year, no cargo hub airport has been opened across the nation to date. In addition, there are just 128 cargo aircraft serving the express delivery sector, less than one-fifth of FedEx's cargo fleet, according to a China Business News report.