Air, Business, Forwarding, Freight News, Logistics

DHL sets up China joint venture

[ February 19, 2019   //   ]

Deutsche Post DHL Group is to transfer its supply chain operations in mainland China, Hong Kong and Macau to SF Holding and set up a new joint company, SF DHL Supply Chain China. The RMB 5.5 billion (EUR 700 million) deal involves only the supply chain business; international express, freight transport and e-commerce logistics solutions in China are not affected.