YCH Group signs China-ASEAN logistics MOU with three partners
The collaboration will establish Chongqing as the logistics base of China, offering logistics services beyond Vietnam and Laos, to the rest of the ASEAN region
June 1, 2016
By Donald Urquhart
YCH Group, a leading Asia Pacific-based integrated end-to-end supply chain management and logistics company, has signed a three-year Memorandum of Understanding (MOU) with the Chongqing Banan District Government, Chongqing ASEAN International Logistics, and Y3 Technologies, a leading supply chain management information technology and services company.
The MOU aims to establish Chongqing as ASEAN’s Logistics hub in China, and will include logistics and trucking services, consolidation or deconsolidation of goods and IT platforms to support these services beyond Laos and Vietnam, to the rest of ASEAN.
Chongqing Banan District Government vice-director Zhang Chun Ping said: “Chongqing is the hub for road logistics in China and to further enhance its offerings to ASEAN, the project will leverage on the strengths of all companies involved. The Chongqing Public Transport ASEAN International Logistics’ hub is strategically located in Chongqing’s Banan District, and is the market leader of China’s logistics and transport industry.”
The four companies will each contribute in specific areas. The YCH Group will be in charge of the operations of bases in Vietnam, Laos and other ASEAN countries and trade goods collection and distribution in China.
Chongqing ASEAN International Logistics Co., Ltd will be in charge of ASEAN logistics in Western China provinces, ASEAN trade in goods collection and distribution, and Chongqing ASEAN Highway shuttle operations.