Today before the opening bell, China Logistics Group announced that it
expects further expansion in shipping volumes to its South American route from
Shanghai. An international freight forwarder and logistics management company,
China Logistics Group anticipates that the volume growth will occur in this
year.
Beginning in March 2012, the company started offering freight forwarding
services from China to locations within South America. It subsequently expanded
that service coverage in 2013. Trade between South America and China has
strengthened in the past decade due to strong economic growth in larger South
American countries such as Brazil and Argentina.
Just recently, China Logistics Group cemented agent relationships with
two South America-based companies, CMA CGM and Evergreen International Corp.
China Logistics Group estimates that freight volume from these two agent
relationships will be around 5,000 TEU (twenty foot equivalent units).
Danny Chen, Chairman and CEO of China Logistics Group, commented, “Trade
between China and Latin America has been steadily increasing over the past five
years. The top five nations in this trade zone as measured by freight volume
were Brazil, Mexico, Chile, Venezuela, and Argentina. Management South America
represents a perfect business opportunity for the company, and these two new
relationships have significant growth potential for the Company in the coming
years. We continue to believe the South America route has the potential to
become one of the Company’s largest revenue-generating shipping routes within
the next several years and we intend to work diligently to expand our business
in this geographic region.”
China Logistics Group carries out business in China through its
subsidiary, Shandong Jiajia International Freight & Forwarding Co., Ltd.
The subsidiary serves as an agent for international freight and shipping
companies, selling cargo space and arranging land, maritime, and air
international transportation for clients primarily seeking goods exportation
from China.
For more information, visit www.chinalogisticsinc.com
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