Transfer Logistics is building the RMB1.5 billion ($220 million) center to provide integrated services for road transport companies.
The completed logistics center will be 740 mu (50 hectares) and will be able to handle annual cargo of 24 million tons. Transfer Logistics plans to build a network of 10 logistics bases by 2010.
It launched its first logistics center in Xiaoshan, Hangzhou, in 2002. The center services more than 400 road transport companies. Sales revenue from the Xiaoshan base grew from RMB31 million in 2003 to RMB3 billion yuan in 2007.
The company has also invested in another two logistics bases in the Yangtze River Delta. It spent RMB1.2 billion on a Suzhou center and RMB200 million on its Ningbo facility. Both centers are still under construction.
Source: China Daily
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