China is evolving from an export-driven manufacturing economy to a more balanced consumer-driven developed economy, and its logistics landscape is under pressure to adapt, according to new research by Jones Lang LaSalle. China's evolution has driven three key trends: the rise of the domestic middle class, rising wages and diminished cost advantages in manufacturing, as well as the rapid development of domestic infrastructure. And these trends are creating long-term opportunities for U.S. companies.
APL Logistics has signed an agreement to acquire all of the shares in APLL-Zhiqin Group, a Chinese joint venture partnership that has also included Legend Holdings Co., Ltd. and Beijing Willway Information Technology Co., Ltd.
Americold, a provider specializing in temperature-controlled warehousing and logistics services to the food industry, has introduced a new product to coordinate and expedite the delivery of less-than-truckload (LTL) and full truckload shipments.
Exel has opened a 250,000-square-foot distribution center in Laredo, Tex., in support of the provider's "Logistics Without Borders" supply-chain service.