Sino-Global Sets Up New Subsidiary to Target US Market

first_imgzoom Virginia shipping agency, logistics and ship management services company Sino-Global Shipping America has set up a new subsidiary, Sino-Global Shipping LA Inc., as it targets business expansion of logistics services focusing on goods bound for the US, including cargo forwarding, trucking and customs declaration and filing.Currently, around one million containers are shipped from China to western United States every month, according to the internal estimate from COSCO Container Lines Americas and Sino-Global has set sights on tapping into the potential of this market.“Through our newest subsidiary, we will be able to provide our clients with integrated logistics services and differentiate our revenue stream by forging new partnerships with major importers who ship goods into the US while reducing our dependence on the shipping services provided solely in China,” says Lei Cao, Chief Executive Officer of Sino-Global.The company believes that it can expand its markets throughout Asia and North America by leveraging its global shipping and logistics experience, coupled with increased integration of technology and its own network platform.Sino-Global Shipping LA said it was seeking potential customer relationships and expects its pricing to be favorable to potential customers compared with its U.S. based competitors.“In the months ahead, we will continue to identify new prospective joint venture and strategic alliance opportunities for new revenue sources globally. We believe this will allow us to properly leverage our strengths in logistics expertise and global relationships within the shipping industry,” Lei Cao adds.last_img

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