CSCL Japan, Nippon Express join in logistics venture-China

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CSCL Japan, Nippon Express join in logistics venture

POSTED: 8:40 a.m. EDT, October 17,2007

China Shipping Container Japan Co Ltd, CSCL's Japanese agent, has set up a logistics company with Japan's leading freight forwarder Nippon Express, Logistics Week reported.

The two parties invested half of the JPY40 million (US$341,000) total on the new firm called CNJ World Logistics.

China Shipping Container Japan and Nippon Express signed joint venture agreement on July 26, in a bid to combine their respective strengths in container shipping and logistics, the report added.

From: schednet
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