ROSLYN, N.Y., June 19, 2019 /PRNewswire/ -- Sino-Global Shipping America, Ltd. (NASDAQ:SINO) ("Sino-Global", the "Company" or "us"), a non-asset based global shipping and freight logistics integrated solution provider, today announced an update to its strategy regarding the expansion of its shipping agency business through the expansion of a physical network development throughout China. This will be a key part of the Company's developmental strategy over the next five years.
As the only China-based international shipping company listed on a major U.S. Exchange, Sino-Global has closely monitored the changes and development of its industry since its listing on Nasdaq in 2008. Due to margin pressures and overcapacity, Sino-Global found that China's international shipping agency industry has dropped from its peak in 2008. However, the industry has now reached an inflection point where the establishment of an industry network is the only means for independent agencies to attain sufficient scale.
Sino-Global has been engaged in the shipping agency business for many years, with a strong business relationship network along with leadership and visibility in all Chinese ports. These advantages provide Sino-Global with the ability and foundation to establish a nationwide entity network that would integrate all facets of the logistics industry in the country.
The controlling owners of newly-joined agencies will join this network and work together with Sino-Global to build a shipping agency network, in order to seek common development and achieve a win-win goal.
About Sino-Global Shipping America, Ltd.
Forward Looking Statements
Contact Information
The Equity Group Inc.
Adam Prior
(212)-836-9600 / [email protected]
SOURCE Sino-Global Shipping America, Ltd.
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