U-Freight set to expand in China

U-FREIGHT is continuing to increase its presence in China through a range of strategic office openings and relocation. It is aiming to consolidate its involvement in one of the world’s busiest and most important freight markets.

The developments place the U-Freight group in a strong position to ensure a high profile in the Chinese import and export markets. In China the company operates under a number of brands including U-Freight China, Shanghai Rijin, Dalian China Express and Shanghai Renaissance – each servicing different trades or types of industry.

Not only do these openings and relocations allow UFL to take advantage of what it sees as China’s second phase of economic and industrial development, it looks to these developments to allow it to increase its intra-Asian services into and out of China, which it is confident can only improve.

While China exports have fallen heavily in the last 12 months, UFL points to the huge government stimulus package that is driving the economy. Whilst the beginning of the year saw the economy growing at an annualised rate of around six per cent, some optimistic forecasts, such as one from Goldman Sachs, assert that will rise to eight per cent.

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