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FedEx Takes on UPS With Long-Range China Jets: Freight Markets

FedEx Corp. handles China deliveries with a local partner bought for $400 million and uses long-range freighters to fly to the U.S. nonstop. United Parcel Service Inc. seeks to build its own network and operates bigger jets.

They’re chasing the same goal: taking advantage of Chinese regulators’ moves to welcome more foreign companies into a market for express shipments that may be valued at $7.5 billion.