PJSC TransContainer has signed a cooperation agreement with two Chinese forwarders to make China-Europe container transit more competitive.
The firm has partnered with logistics company Shandong Jitie Land Port Group Limited, part of Jinan Railway Bureau of Chinese Railways, and Qingdao New Port Industrial and Logistics Development Co., Ltd.
Under the new agreement, the three parties will consider increasing the volumes of freight traffic to Europe.
Through the creation of a joint cargo consolidating hub in Qingdao, they will also increase the efficiency of trains departing from China. The companies intend to set up the hub within the next five years.
According to the document, within the next five years, Chinese-Russian and Chinese-European centres for train maintenance will also be set up in the Shangdong province, alongside a permanent exhibition pavilion dedicated to the advantages of TransContainer’s services.
“Signing the agreement with our Chinese partners will strengthen mutually beneficial cooperation between Russia and China in the field of transport and logistics services, as well as increase the volume of transit traffic through Russia and upgrade the speed and quality of service rendered to our customers,” said Vladimir Khlutkov, Asia-Pacific Business Development Director for TransContainer.
Back in November 2021, TransContainer partnered with Korean-based Pantos Logistics and Polish-based PKP LHS to launch a regular multimodal service for cargo from the Republic of Korea to Poland via the Russian Far East and Ukraine.