Tuesday, June 13, 2017 8:29:20 PM
There was, however, that remark in one of the filings about the agreement last July (2016), wherein SINO said that the Company signed "a Strategic Cooperation Agreement with COSCO Logistics, which is owned by the PRC’s largest integrated shipping company, China COSCO Holdings Company Ltd.. Pursuant to that agreement, both parties will provide logistics services between the PRC and the U.S. and develop shipping customers as an end-to-end global logistics service. Starting in the third quarter of fiscal year 2017 [which began July 1, 2016], the Company and COSCO Logistics began providing container trucking services on the west coast of the U.S.. The Company expects to increase its cooperation with COSCO Logistics and to provide inland transportation services in the U.S. for shipments to and from the PRC. According to the agreement, the two companies will also assess locations in the U.S. to potentially establish warehouse and/or distribution facilities in the coming months and share pricing information for short-haul trucking services across selected regions of the U.S."
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