In a news release
issued today, China Logistics Group reported that it is eying opportunities for
expansion through potential acquisitions or mergers in 2014. Even though global
demand for services in the logistics and freight forwarding industry in China has
been weak for a number of years, the international freight forwarder and
logistics management company has strengthened its growth opportunities through
its implementation of a few initiatives. These include China Logistics Group
diversifying its client base into new markets and expanding its service options
to include limited domestic trucking services.
Global demand for
services in the China-based logistics and freight forwarding market had
remained weak as a result of prolonged recessionary conditions in the European
Union and the slowdown in China’s own economy. Despite these challenges, China
Logistics Group has persevered and sees greater upside potential for reaching
greater economies of scale through strategic acquisitions. The company’s management
has begun reviewing strong acquisition prospects and is conducting diligence on
at least one candidate.
It is hopeful that
it will engage in at least one strategic acquisition in this fiscal year. Danny
Chen, Chairman and CEO of China Logistics Group, commented, “We believe the
logistics market will gradually recover as the world economy improves, making
this the perfect time to look for new opportunities to give us an advantage in
this competitive market. We believe that the right strategic acquisition or
merger will substantially accelerate growth in our business and set the stage
for rapid expansion should markets improve substantially in the coming years.”
More information
about China Logistics Group’s current initiatives and future plans can be found
at: http://www.chinalogisticsinc.com
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