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SCHNEIDER Logistics (Tianjin) Co., Ltd., a unit of the US-based leading logistics services provider Schneider National announced that the company has purchased the key operating assets of BaoYun Logistics in China, Logistics Week reported.
The investment allows Schneider to further expand its current supply chain consulting and transport and logistics service offerings. The combined offering now includes transportation, warehousing, cross docking, third-party logistics and consulting services focused on the domestic Chinese market.
Martin Winchell, managing director of Schneider Logistics China, said that purchasing the operating assets of BaoYun Logistics was an important step in helping the company serve customers in China.
"We see tremendous opportunity in providing services to the domestic market as the economy grows and look forward to delivering the products Chinese consumers need," he said.
BaoYun Logistics was founded in 1998 and is ranked in the top 100 of all logistics enterprises in China.
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