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Yusen Logistics expands LCL consolidation service in Asia
Yusen Logistics is adding a weekly service from Cambodia to Osaka to its Asian LCL network.
The service, which began on November 1, 2013, is part of the company’s long-term strategy to grow business on key Asia trade lanes. “In recent years, Asia has become the center of global economic development,” says Hideo Saito, Senior Vice President and General Manager of Yusen Logistics’ international division. “We’re developing our LCL product to offer our retail customers a diverse range of services and access to this burgeoning market.”
The company continues to strengthen its LCL network in Asia, having added export lanes from Japan to Vietnam, the Philippines and Malaysia in 2012, and import lanes from the Philippines and Taiwan to Japan this past June. The addition of the Cambodia lane brings Yusen Logistics to a total of 222 lanes.
“Cambodia is transitioning from a pre-emerging market to an emerging market, so we see huge growth potential,” says Saito. “Labor rates have significantly risen in China, so manufacturers are moving their factories to Cambodia, which has one of Asia’s lowest-cost workforces. We expect to see more companies shifting their production to Cambodia, as well as other countries in Asia.”
The company will expand the service from Osaka to Tokyo in the future. The additional lanes allow more frequent, flexible sailing itineraries and offer shippers a host of scheduling options.
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