US logistics provider YRC Logistics is to place more emphasis on sales and technology integration in China.
The company’s aim is to offer clients better services on a regional basis in Asia, said Eric Friedlander, managing director of YRC Logistics Asia, a unit of YRC Worldwide.
YRC Logistics bought a 50% stake in JHJ International Transport in 2005, acquired Shanghai Jiayu Logistics last year and, outside China, opened 10 offices around Asia.
YRC acquired a 65% stake of Jiayu, a transport firm with 30,000 customers and 3,000 vehicles, for between US$29.5 million to US$43 million. The company expects to buy the remaining 35% in 2010 for an amount not to exceed US$32 million.
Friedlander said the company may start moving to western China because of the importance of trade between Sichuan and Vietnam.
Source: Shanghai Daily