News

Russian Post, Y2T Chinese Corporation and Freight Village Logistics Agreed to Develop Container Shipping

At the St. Petersburg International Economic Forum, Russian Post JSC, Y2T Limited Technology Company (a subsidiary of Sinotrans Corporation Limited, China) and Freight Village Logistics LLC signed a memorandum of intent. The companies plan to jointly deliver China-to-Russia e-commerce container shipping solutions and Russia-Europe transit traffic solutions.

The parties will develop international integrated multimodal transportation based on railway solutions using modern IT logistics automation solutions, develop and offer complex digital services with flexible logistics products. Thus, they plan to increase their rail market share and promote cross-border internet commerce.

In the course of their joint work, the companies have agreed to:

Identify the key logistics routes to meet demand and develop logistics services;

Develop and launch projects needed to organize turnkey rail transport solutions, conduct China-to-Russia test deliveries in compliance with the delivery quality and deadlines;

Introduce a unified information system for the exchange of services and data to improve the quality of services provided.

04.06.2021

Investment digest

Analytical materials