We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
Home » China opens its doors to foreign investment and logistics expertise
newsworthy

China opens its doors to foreign investment and logistics expertise

December 1, 2006
DC Velocity Staff
No Comments

It's home to the world's busiest port (Shanghai). And its government has built more than 20,000 miles of expressways in the last 20 years. Yet China still has a long way to go when it comes to developing the kinds of logistics capabilities you'd expect of a world economic power. That was the consensus of speakers at the "Driving the Global Economy through China" conference held in Shanghai in late October.

Right now, China's logistics industry lags well behind the country's expanding economic output and surging foreign trade, conference delegates agreed. And the country will have to act fast just to keep the gap from widening. As China's factories continue to pump out low-cost toys, electronics, autos and shoes, freight volumes will soar. The U.S.-China marine trade alone is expected to increase 12 to 15 percent annually. By 2010, 35 percent of the world's containers will be shipped from China. And the volume of freight transported by land is expected to see similar growth.

"Modern supply chain management is needed to consolidate resources and optimize the efficiency of the circulation of goods in China," says Liu Zhi, general director for Industrial Policy at China's National Development and Reform Commission.

China's government has been scrambling to address the problem. "China's 11th five-year plan gives top priority to the development of the logistics industry," says Qian Yongchang, former Minister of Transportation and current chairman of the China Communications and Transport Association. But progress has been uneven so far across the large, fragmented market. As Qian sees it, China's best bet is to open its door wider and solicit foreign investment and expertise. "We need to learn from foreign countries," he says. "Cooperation between domestic and foreign transportation and logistics companies will be beneficial for both—a real 'win-win' situation."

Chris Lofgren of Schneider National agrees. "China's logistics industry has clearly reached an inflection point, where advances in both infrastructure and the demands of the market require a higher level of cohesion among global players in the supply chain," says Lofgren, who is Schneider's president and CEO.

The three-day conference was sponsored by Schneider National and The Logistics Institute at Georgia Tech. For those wondering about Schneider National's interest in logistics in China, that's easily explained. Though best known as a truckload carrier, Schneider National is also a player in the global transportation business, and thus has a stake in the growing China trade. Schneider offers end-toend international logistics solutions through its wholly owned subsidiaries Schneider Logistics, American Port Services and American Overseas Air Freight.

Transportation Global Logistics
  • Related Articles

    FIRST-OF-ITS-KIND FACILITY OPENS IN JAXPORT'S FOREIGN TRADE ZONE

    MIT Logistics Center adds China to its global innovation network

    Wholesaler opens doors to faster fulfillment with AMRs

Recent Articles by DC Velocity Staff

Report: U.S. ports are most expensive for detention and demurrage fees

J.B. Hunt adds 250 new intermodal containers to speed Asia-U.S. lanes

The Rainmakers

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Private equity firm acquires packaging provider Coregistics in e-commerce bet

  • Packaging industry reprioritizes amid inflation, supply chain disruption

  • Trucking industry warns that AB 5 decision could push freight capacity out of California

  • Warehousing's perfect storm

  • Raymond Corp. marks 100th anniversary

Now Playing on DCV-TV

E3f9e6d5 8bd4 40ca 8c7f 43aa63ea3fc9

Lessons from CSCMP’s Annual Report Card for Shippers and Carriers

DCV-TV 4: Viewer Contributed
Recently, the Council of Supply Chain Management Professionals (CSCMP) released their 33rd Annual State of Logistics Report which is created by AT Kearny. I've viewed this as basically a "Report Card" for shippers and carriers since it offers a comprehensive view of what they both have dealt with in the past year,...

FEATURED WHITE PAPERS

  • Breaking Bad: Conducting Full Truckload RFPs in the Age of Digital Freight Procurement

  • Fueling Sustainability for Manufacturers: Strategies to Increase Fuel Efficiency and Reduce Your Carbon Footprint

  • Guide to Proven Warehouse Solutions

  • Five common misconceptions about running a private fleet

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2022. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing