JOC Staff | Feb 06, 2013 7:58AM EST
Freight forwarding and logistics company China Logistics Group reported that management has seen improvement in volumes for its four largest international routes to Europe, the U.S., the Middle East and Southeast Asia.
In the first nine months of 2012, total freight volume handled by China Logistics from its Shanghai location to Europe, the U.S., the Middle East and Southeast Asia was about 3,000 20-foot-equivalent units, generating revenue of approximately $6.7 million and profit of $1.2 million.
Management predicts a 20 to 30 percent improvement for the company through these four routes in 2013, which is expected to improve overall financial performance for the year.
“We believe the ongoing economic recovery in the U.S., coupled with firming European and Asian markets, will lead to increased demand for our logistics services and help to significantly improve our financial performance in this fiscal year,” said Danny Chen, China Logistics’ chairman and CEO, in a written statement.
