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Wednesday, 02/19/2014 9:15:20 AM

Wednesday, February 19, 2014 9:15:20 AM

Post# of 53512
Compensated Awareness Post View Disclaimer
$CHLO Huge News Out !

SHANGHAI, February 19, 2014 /PRNewswire/ --

China Logistics Group, Inc. (CHLO), an international freight forwarder and logistics management company, announced today that it expects further expansion in shipping volumes for its South American route out of Shanghai in 2014.

China Logistics began offering freight forwarding services from China to destinations in South America in March of 2012 and further expanded that business in 2013. Trade between China and South America has increased significantly in the past ten years due in large part to strong economic growth in countries like Brazil and Argentina. The Company recently established new agent relationships with two South America based companies, CMA CGM and Evergreen International Corp. The Company estimates freight volume from these two new relationships will be approximately 5,000 TEU (twenty foot equivalent units).

Danny Chen, Chairman and CEO of China Logistics Group, commented, "Trade between China and Latin America has been steadily increasing over the past five years. The top five nations in this trade zone as measured by freight volume were Brazil, Mexico, Chile, Venezuela and Argentina. Management South America represents a perfect business opportunity for the company, and these two new relationships have significant growth potential for the Company in the coming years. We continue to believe the South America route has the potential to become one of the Company's largest revenue-generating shipping routes within the next several years and we intend to work diligently to expand our business in this geographic region."

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