Coronavirus: China’s courier sector braces for losses as outbreak snarls supply chains

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SF Express, one of China’s biggest couriers, hit a home run in January keeping operations open over the Lunar New Year holiday when most businesses closed for one of the country’s most important festivals while the spread of the novel coronavirus gathered pace.While mainland China’s express delivery sector suffered a 12 per cent dive in revenue last month, the company posted a 14.4 per cent increase to 11.6 billion yuan (US$1.6 billion) on the back of a 40.4 per cent jump to 566 million bills…

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