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China Logistics Group Sees Strong Growth in Volumes in 2013 for Its Four Largest International Shipping Routes
Alert
China Logistics Group, Inc. (QB) (USOTC:CHLO)
Intraday Stock Chart
Today : Tuesday 5 February 2013
China Logistics Group, Inc. (OTCQB: CHLO), an international freight forwarder and logistics management company, announced today that management sees strong growth in volumes for its four largest international routes to Europe, United States, Middle East and Southeast Asia.
In the first 9 months of 2012 ending September 30, 2012, the total freight volume arranged by China Logistics from its Shanghai location to Europe, United States, Middle East and Southeast Asia was approximately 3,000 TEU or, twenty foot equivalent units, generating revenues of approximately $6,700,000 and gross profits of $1,200,000. Management sees a growth of 20% to 30% for the company through these four major international routes in 2013 which is expected to significantly improve overall financial performance over the course of this year.
Danny Chen, Chairman and CEO of China Logistics Group, commented, "According to data released last week by the General Administration of Customs of China, China's December exports jumped 14.1% from a year earlier, up from a 2.9% gain in November, while imports were up 6%, following on from zero growth the previous month. Shipments to the U.S. in December 2012 leapt 9.6%, while those to the euro zone edged up 1.9%, reversing from shrinking trade conditions in November, when the value of shipments contracted 2.6% and 18%, respectively. We believe the ongoing economic recovery in the U.S. coupled with firming European and Asian markets will lead to increased demand for our logistics services and help to significantly improve our financial performance in this fiscal year. Management has been actively expanding the company's logistical services in an effort to expand our business reach and we are confident that this will help us make further gains in customers and shipping volume in the coming quarters."
About China Logistics Group, Inc.
China Logistics Group, Inc. (OTCQB: CHLO) is a U.S. company doing business in China through its subsidiary Shandong Jiajia International Freight & Forwarding Co., Ltd. (Shandong Jiajia). Established in 1999; Shandong Jiajia is an international freight forwarder and logistics manager located in China. Shandong Jiajia acts as an agent for international freight and shipping companies. It sells cargo space and arranges land, maritime, and air international transportation for clients seeking primarily to export goods from China. For more information please visit
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