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  • China Logistics Group, Inc. (CHLO) Anticipating Further Growth In South American-Bound Shipping Volumes From Shanghai 0 comments
    Feb 19, 2014 10:30 AM | about stocks: CHLO

    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 chinalogisticsinc.com

    QualityStocks provides investor relations services to publicly traded companies in exchange for compensation. This article may be part of our efforts to widen a client's exposure. To read our full disclaimer, visit http://disclaimer.qualitystocks.net

    Stocks: CHLO
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