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PRESS RELEASE

December 02, 2014: UTi Worldwide Inc. a global supply chain services and solutions company, announced the establishment of a strategic partnership with Beijing Changjiu Logistics Co., Ltd., to serve the logistics requirements of global automotive original equipment manufacturers (OEM) and suppliers in the booming automotive market in China.

Beijing Changjiu Logistics Co., Ltd. is a privately held company and is the largest independent automotive logistics company in China with a total turnover of $500M annual revenue.

"Changjiu Logistics is a pioneer in finished vehicle transportation and warehousing in China and their agile, entrepreneurial culture is what attracted us to partner with this company to best serve the needs of automotive clients in global markets," said Ditlev Blicher, UTi President, Asia Pacific, "UTi and Changjiu will offer end-to-end service for automotive clients integrating freight forwarding, inland transportation, production logistics, order management, and customs brokerage."

"We believe that by combining UTi's industry leading automotive solutions with Changjiu's more than 23 years of operating experience and our proven capability in automotive logistics transportation, that we will release value for global companies importing into China. This will allow us to tap into the next big wave as Chinese OEMs and suppliers begin to export finished vehicles and service parts abroad," said Bo Shijiu, Board Chairman, Changjiu Logistics Co. Ltd.

The partnership gives each company the ability to cross-sell each other's core capabilities to automotive companies around the world and creates a Lead Service Provider (LSP) in APAC, according to Blicher.

The partnership will also help UTi grow its footprint in the China market leveraging Changjiu's client base, cultural awareness and governmental relationships, said Blicher.

The benefit to Changjiu clients is to gain faster entry into global markets through UTi's international network of supply chain and transportation services utilizing UTi's integrated global IT infrastructure and customs brokerage expertise, added Bo.

 

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