[photopress:logistics_schneider.jpg,full,alignright]Schneider Logistics has purchased the operating assets of China-based BaoYun Logistics. Financial terms of the acquisition were not disclosed.
Schneider said that this investment allows it offer more services on the domestic Chinese market including transportation, warehousing, cross-docking, 3PL, and consulting services.
Founded in 1998 by Zhi Hua Yu, BaoYun Logistics is in the top 100 of all logistics companies in China and is one of the country’s top 30 private logistics companies.
Martin Winchell, managing director of Schneider Logistics, China, said, ‘We’re taking very deliberate, strategic steps in China.’
Source: Logistics Management