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China Logistics Group Inc (CHLO)

China Logistics Group Inc (CHLO)
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China Logistics Group Inc sells cargo space and arranges international transportation via land, maritime, and air routes for clients seeking to export goods from China. It contracts with companies owning these assets to provide transportation services required for shipping freight on behalf of its customers. Its services include goods reception, space reservation, transit shipment, consolidate traffic, storage, multimodal transport and large scale transport such as export of large mechanical equipment. Its primary competitors are state owned Tianjin Zhenhua Logistics Group Co., Ltd., foreign joint ventures Qingdao Ocean & Great Asia Transportation Co., Ltd., and Air Sea Transport, Inc. The Company is required to comply with the Customs Law established by the PRC, which establishes regulations related to import/export of merchandise from or to China.
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