In a news release issued today, China Logistics Group reported that it is eying opportunities for expansion through potential acquisitions or mergers in 2014. Even though global demand for services in the logistics and freight forwarding industry in China has been weak for a number of years, the international freight forwarder and logistics management company has strengthened its growth opportunities through its implementation of a few initiatives. These include China Logistics Group diversifying its client base into new markets and expanding its service options to include limited domestic trucking services.
Global demand for services in the China-based logistics and freight forwarding market had remained weak as a result of prolonged recessionary conditions in the European Union and the slowdown in China’s own economy. Despite these challenges, China Logistics Group has persevered and sees greater upside potential for reaching greater economies of scale through strategic acquisitions. The company’s management has begun reviewing strong acquisition prospects and is conducting diligence on at least one candidate.
It is hopeful that it will engage in at least one strategic acquisition in this fiscal year. Danny Chen, Chairman and CEO of China Logistics Group, commented, “We believe the logistics market will gradually recover as the world economy improves, making this the perfect time to look for new opportunities to give us an advantage in this competitive market. We believe that the right strategic acquisition or merger will substantially accelerate growth in our business and set the stage for rapid expansion should markets improve substantially in the coming years.”
More information about China Logistics Group’s current initiatives and future plans can be found at: http://www.chinalogisticsinc.com
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