NetworkNewsBreaks – Sino-Global (NASDAQ: SINO) Extends Strategic Partnerships with Two Chinese Logistics and Transportation Companies

Sino-Global Shipping America (NASDAQ: SINO) shares are up 13% after the company said it has signed two project agreements with Sinotrans Guangxi Co. and COSCO Beijing International Freight Co., Ltd. The project agreements are extensions of an initial strategic cooperation framework agreement and inland transportation agreement signed in December 2016. Per the agreements, Sino-Global will continue its efforts to convert commodity in-bulk shipments to containerization of the commodities shipped between China and the United States. The company will also manage all ground logistics and custom declaration services in the U.S. for Sinotrans Guangxi and COSFRE Beijing. “We believe there is an opportunity that has been created by an imbalance in trans-pacific trade from China that has yet to be captured by the North American sector, particularly given the ongoing increase in Chinese demand. These Project Agreements allow the Company to capitalize on that opportunity and officially mark the continuance of its strategic partnerships with two leading China state-owned logistics and transportation companies, making Sino-Global a crucial partner in their U.S.-related business while further establishing our foothold in the U.S. logistics market, as a global logistics services provider,” Sino-Global CEO Lei Cao stated in the news release.

To view the full press release, visit: http://nnw.fm/hW7gL

About Sino-Global Shipping America, Ltd.

Sino-Global Shipping America, Ltd., a Virginia corporation, is a non-asset based global shipping and freight logistic integrated solution provider. Sino-Global provides tailored solutions and value added services to its shipping and freight customers to drive effectiveness and control in related links throughout entire logistic chain. Additional information about Sino-Global can be found on the company’s corporate website at www.sino-global.net.

About NetworkNewsBreaks

NetworkNewsBreaks (NNB) provide a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s