APL Logistics Takes Over Chinese 3PL Joint Venture

The transaction is expected to close by the end of this year. APL Logistics said it will allow the company to expand its logistics-hub management and local distribution capabilities in support of China's growing domestic economy. APLL-Zhiqin provides services in hub management, domestic land transportation, supply-chain technology, customs brokerage, import and export management and supply-chain consulting. Currently, the joint venture has nearly 1,000 employees, who manage hub facilities in more than 20 locations. The company's transportation and distribution network covers a total of more than 2,000 locations in China. Following completion of the acquisition, APL Logistics will combine with APLL-Zhiqin to offer a service network of 78 offices and facilities across China. APL Logistics is a unit of Singapore's Neptune Orient Lines.

Read Full Article