Nasdaq-listed Sino-Global Shipping America has announced that it has entered into a strategic partnership with Shandong Hi-speed TEU Logistics (Shandong Hi-speed TEU), to jointly establish a platform for coordinated transport between China and North America.
Shandong Hi-speed TEU is part of China’s state run Shandong Hi-Speed Group, which is mainly focused on the creation and operation of inter-city and urban distribution platforms for transporting twenty foot equivalent units across China and globally.
Sino-Global and Shandong Hi-speed TEU intend to cooperate in creating a standardized network that will unite carriers of TEUs in China via sea and rail and coordinate with parties in North America and Australia. The companies will serve both upstream and downstream customers through the platform, establishing a door-to-door logistics and supply chain service.
“We intend to leverage our unique relationships in China to better form a true global logistics platform. The partnership with Shandong Hi-speed TEU will allow us to jointly build a platform that utilizes technology to assist customers through the entire shipping value chain. A customer on the platform in Shandong can carry a container via rail in China and ship it to North America, where it can be seamlessly sent to a vendor who delivers it to end customers. We believe that this is another step in our evolution to a global logistics provider,” said Cao Lei, chief executive officer of Sino-Global.