China's fast-growing logistics market is attracting more and more foreign logistics giants to come to the Nuggets.
Yesterday, Werner International Logistics of Werner (WERN.Nasdaq), one of the four largest transportation and logistics companies in North America, announced its entry into the Chinese market, and its first branch office in Shanghai was officially opened. Compared with the US logistics giants such as FedEx and UPS, which have been rooted in China for decades, Werner said that as a newcomer to the market, the company will focus on the logistics needs of SMEs.
As the top four transportation logistics companies in North America, Werner's revenue in 2006 reached 2.1 billion US dollars. The company started out as a truck and currently offers full transportation, non-vessel carriers, logistics, international import and export, and wholesale operations. Previously, the company's business focus was mainly in the United States, Canada and Mexico. And opening a branch in Shanghai is also the first time that it has left the Americas to open up new markets.
In this regard, Derek J. Leathers, president of Werner International Logistics and senior vice president of international value-added services, said that the company was licensed to enter the Chinese market in October 2006. In order to open up the Chinese market, the company also set up an investment fund to invest in China. .
China's fast-growing logistics market has drawn the attention of the world logistics industry. However, compared with competitors, Werner's arrival seems a bit late. In this regard, Derek said that the company will look for new segments from the existing market. Changwon will focus on SME customers and provide flexible logistics services.
At the same time, Werner also intends to use its strong transportation network in North America to attract cooperation with local Chinese logistics companies.
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