China Logistics Group, a new Chinese logistics provider, was also launched back in December and received much attention from the industry. According to China Central Television (CCTV) and Reuters, the company has a charter capital of around USD$4.7 billion and is actually a merger of five state-owned companies:
• China National Materials Storage and Transportation Group
• China Railway Materials
• China National Packaging Corporation
• China Logistics
• Huamao International Freight Limited Company Shenzhen Branch
This new logistics provider will offer numerous logistics services, such as distribution, warehousing, intermodal transportation, packaging, and cross-border e-commerce. With this group, China plans to strengthen its intermodal transportation services and cross-border logistics business, as well as compete with current global logistics players.
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