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Essay text:
We
sustain a financially strong company, with broad
employee ownership, that provides a long-term
competitive return to our shareowners.
—UPS mission statement (excerpt)
On June 18, 2004, the United States and China reached a landmark air-transportation
agreement that quintupled the number of commercial cargo flights between the two countries.
The agreement also allowed for the establishment of air-cargo hubs in China and landing rights
for commercial airlines at any available airport. The pact represented the most dramatic
liberalization of air traffic in the history of the two nations, and FedEx Corporation and United
Parcel Service, Inc...
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