Sinotrans working on logistics merger

China-based express and logistics giant Sinotrans is working towards amerger with another large Chinese transportation company, China Yangtze (Changjiang) Transportation (CSC). In a letter to investors, Sinotrans said parent company Sinotrans Group had informed it that an understanding had been reached with CSC on a merger and reorganisation plan. Sinotrans said it would be submitting […]


China-based express and logistics giant Sinotrans is working towards amerger with another large Chinese transportation company, China Yangtze (Changjiang) Transportation (CSC).

In a letter to investors, Sinotrans said parent company Sinotrans Group had informed it that an understanding had been reached with CSC on a merger and reorganisation plan. Sinotrans said it would be submitting an application for the merger to the Chinese government’s State Council State Assets Committee.

The deal will create a massive and diversified transport and logistics organisation covering the shipping, shipbuilding, freight forwarding, barging, land transport, warehousing and express sectors in China.

Revenue from the main businesses of Sinotrans in 2007 totalled RMB 57.7billion (€5.4 billion) and the group is aiming at a revenue of RMB 80-100 billion (€7.4- 9.3 billion) in 2010. Merging with CSC would create the second largest ocean shipping company in China behind COSCO.