LF Logistics and YUXINOU join forces on the New Silk Road
The two firms LF Logistics and YUXINOU have formed a long-term partnership in developing a multimodal transport system for China-Europe rail freight. They signed an agreement with this ambition on Monday 19 January. The strategic agreement should provide stronger, more comprehensive end-to-end logistics services for leading international and Chinese brands.
LF Logistics is a Li & Fung company, providing logistics services both in China and on the global network. YUXINOU is a Chongqing-based company, and an important logistics provider for the Chongqing-Xinjiang-Europe railway line. This connection is a vital part of the New Silk Road, as it links Chongqing in China’s southwest with the inland port city of Duisburg in Germany.
The strategic agreement allows both companies to combine the LF Logistics customer base, DC and transport management skills with YUXINOU’s container forwarding expertise. “The partnership with YUXINOU will accelerate the expansion of LF Logistics’ business into Eurasia, allowing us to provide more efficient and comprehensive logistics services for our customers from core industry sectors including apparel, healthcare, electronics, IT products, auto parts, metals and manufactured goods etc., further strengthening our leadership in these key verticals”, said Dominic Gates, president of LF Logistics.
“LF Logistics is one of the leading supply chain and logistics solutions providers, with over 110 years of history and experience in China, serving major consumer brands and retailers from around the world,” YUXINOU’s general manager Dan Qi added. “Though our partnership, more customers and brands will be able to access high-quality freight railway services linking China to Europe. Our partnership also allows us to jointly promote greater connectivity and trade openness along the China-Europe railway, supporting the robust economic development under the Belt and Road Initiative.”