SALT LAKE CITY, Jan. 20 /PRNewswire/ -- England Logistics, one of America's premier third-party logistics (3PL) providers, has been granted status in China as a Wholly Foreign Owned Enterprise (WFOE) with a license to provide International Freight Forwarding services. This status allows the company to fully operate in China without requiring agents or joint ventures.
"We are excited about this new status for our China operations," said Josh England, England Logistics president. "This will now offer us greater opportunities to serve customers who are seeking a partner in China to help them move products into or out of the country. This is a critical next step for us to become a logistics leader in China."
England Logistics has established offices in Shanghai, Ningbo, Qingdao, Dalian, and Tianjin that interact with its global network of offices. With the WFOE status, England Logistics will expand services in Supply Chain Consulting, Ocean and Air International Freight Forwarding, and Special Projects cargo. Companies that can benefit from England's capabilities in China include those whose supply chains involve sourcing from, distributing to or moving product between points within China.
"Current and potential customers have been pleased to hear we are in China as they know they can depend on the integrity of the England name," England said. "Our goal is to combine opportunities with customers and demonstrate how we can facilitate mutual needs in this vibrant market."
The WFOE is a common investment vehicle for mainland China-based business. The unique feature of WFOE is that involvement of a mainland Chinese investor is not required unlike most other investment vehicles. This can give greater control over the business venture in mainland China and avoid a multitude of problematic issues that can potentially result from dealing with a domestic joint venture partner.
About England Logistics
England Logistics is a subsidiary of C.R. England, one of the largest trucking companies in the U.S. with over $1 billion in annual revenue. One of the U.S.'s largest third-party logistics providers, England Logistics provides a complete range of services and expertise to transport materials and goods around the world via air, water, road and rail. England Logistics helps manage the complexities of supply chain management through diverse services, technology, and a global network of partners and professionals. Visit www.englandlogistics.com.
SOURCE England Logistics