Category: Investment, China, Logistics
Logistics Stock Trading Alert for China Logistics (OTCQB: CHLO); Stock Gains 8.67%
"China's logistics sector is generally in a cycle of steady and relatively fast growth"
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News about: China Logistics Group
Point Roberts, WA - March 12, 2013 (Investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors Issues a trading alert for China Logistics Group, Inc. ( OTCQB: CHLO), an international freight forwarder and logistics management company. The stock is trading up at $0.0163, up 0.0013(8.67%) on over 690,000 shares.
Shanghaidaily.com reported on The China Federation of Logistics and Purchasing (CFLP) Logistics Performance Index (LPI) on March 5 th. "The index has stayed above 50 percent since December 2011 with an average of 54.4 percent, indicating that China's logistics sector is generally in a cycle of steady and relatively fast growth," said Cui Zhongfu, vice president of the CFLP.
China Logistics Group, Inc. ( OTCQB: CHLO) recently reported that it has begun to explore plans to establish its own warehouse facility for international and domestic storage and logistics. The company believes this strategy would serve to compliment its current international freight forwarding, logistics management, and trucking services.
The Company also recently reported that it sees shipping volumes doubling in 2013 for its South American route out of Shanghai launched in 2012.
In the first 9 months of 2012 ending September 30, 2012, the total freight volume arranged by China Logistics from its Shanghai location to Europe, United States, Middle East and Southeast Asia was approximately 3,000 TEU or, twenty foot equivalent units, generating revenues of approximately $6,700,000 and gross profits of $1,200,000. Management sees a growth of 20% to 30% for the company through these four major international routes in 2013 which is expected to significantly improve overall financial performance over the course of this year.
About China Logistics Group, Inc.
China Logistics Group, Inc. (OTCQB: CHLO) is a U.S. company doing business in China through its subsidiary Shandong Jiajia International Freight & Forwarding Co., Ltd. (Shandong Jiajia). Established in 1999; Shandong Jiajia is an international freight forwarder and logistics manager located in China. Shandong Jiajia acts as an agent for international freight and shipping companies. It sells cargo space and arranges land, maritime, and air international transportation for clients seeking primarily to export goods from China. For more information please visit http://www.chinalogisticsinc.com.
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