U-Freight adds Sri Lankan forwarder to network

Hong Kong-headqua r t e red international freight services and logistics group, the U-Freight Group has welcomed the latest agency partner of its global network, Sri Lankan forwarder Care Logistics (PVT) Ltd of Colombo.


U-Freight adds Sri Lankan forwarder to network


Hong Kong-headqua r t e red international freight services and logistics group, the U-Freight Group has welcomed the latest agency partner of its global network, Sri Lankan forwarder Care Logistics (PVT) Ltd of Colombo.

U-Freight CEO, Simon Wong said: “We welcome Care Logistics as our latest agency partner. The company is a dynamic freight forwarding business, which has gained recognition within the Sri Lankan freight community within a short period. “Following the ending of civil unrest on the island nation in May 2009, the Government of Sri Lanka has been ambitious in its determination to capitalise on the peace dividend. A key strength has to be Sri Lanka’s strategic position in the Indian Ocean on key shipping routes between India and China.”

Care Logistics (PVT) Ltd was founded in Colombo in 1997 and offers a full range of freight forwarding services, including air freight, sea freight, Customs brokerage, warehousing, supply chain management, project cargo logistics and out-of-gauge traffic.

Since the settlement of the civil war in 2009, the Sri Lankan government has had the goal of eight per cent or more growth per year and lowering government indebtedness from around 80 to 60 per cent of GDP by 2015. Actual growth has been a healthy five per cent over the last four five years. A well-educated young population has been behind strong growth in industries and services since the civil war, creating demand for goods. Economists point to a highly literate population and an advantageous location along key shipping routes to India and China.