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Report: COSCO selling stake in logistics firm

Chris Dupin
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The Website for the China Daily newspaper is reporting that COSCO and China Cargo Airlines are planning to sell a combined 30.7 percent stake in Shanghai Eastern Logistics Co., but only to domestic Chinese air carriers.

Chris Dupin

Chris Dupin has written about trade and transportation and other business subjects for a variety of publications before joining American Shipper and Freightwaves.