U-FREIGHT EXPANDS CHINESE NETWORK
The U-Freight Group has expanded its Chinese network through a purchase of a 50-percent stake in the Shanghai Rijin International Freight Co. Ltd.
The new affiliated company, which is based in Shanghai and has offices in Nanjing, Guangzhou and Wuhan, operates with a class one license and offers sea and air import/export freight forwarding and customs brokerage services.
U-Freight has established a network of branches in China over the past 10 years, under a variety of ownership structures. In addition to Shanghai Rijin, U-Freight is the principal shareholder in Shanghai Renaissance International Transportation Co. Ltd.
U-Freight's main Chinese operations function under the U-Freight China Express International brand, which has offices in Beijing, Tianjin, Dalian, Xiamen and Qingdao. U-Freight also has offices in Ningbo, Hangzhou, Shenzhen, Suzhou, Hong Kong and Macau.