C.H. Robinson expands in China
Minneapolis-based C.H. Robinson Worldwide Inc. will open seven offices in China and acquire assets of its former agent, Dalian Decheng Shipping Agency Co. Ltd., which operates as a China-based non-vessel-operating common carrier.
Terms of the acquisition were not disclosed.
C.H. Robinson’s new offices will be located in Dalian, Tianjin, Qingdao, Shanghai, Ningbo, Xiamen and Shenzhen.
Like C.H. Robinson, Dalian Decheng Shipping Agency is non-asset based. Its business is primarily ocean freight forwarding. The offices are expected to have approximately $12 million in gross revenues in the next 12 months, the acquiring company said.
C.H. Robinson has hired the approximately 90 employees of the NVOCC company, including its management team.
C.H. Robinson has a network of 167 offices in North America, South America, Europe, and Asia. Its China headquarters will be in Dalian.