Route Expansion Complements Established
Services from Hong Kong,
Changsha, and Wenzhou
SHENZHEN, China, July 18,
2023 /PRNewswire/ -- Jayud Global Logistics Limited
(NASDAQ: JYD) ("Jayud" or the "Company"), one of the leading
Shenzhen-based end-to-end supply
chain solution providers in China,
with a focus on providing cross-border logistics services, today
announced the inauguration of its new routes between Shenzhen, China, and destinations in
Indonesia and the Philippines. This move follows a strategic
agreement signed with China Central Airlines in the second quarter
of 2023.
The new charter service will operate on a weekly basis,
providing reliable and safe transportation of goods between
Shenzhen and Jakarta, Indonesia (CGK), Davao City,
Philippines (DVO), and its
recently renewed Clark, Philippines (CRK) route. The service will be
supported by B737-300F and B737-800F aircraft, with a maximum
weight limit of 20 tons per flight, capable of transporting a wide
range of goods, including general merchandise, high-value items,
and food products.
These new charter services complement Jayud's established
services, including routes between Hong
Kong and New Delhi, India
(DEL), Chennai, India (MAA),
Mumbai, India, and Dhaka, Bangladesh (DAC), along with routes
between Changsha and Bangkok, Thailand (BKK), and between Wenzhou
and Manila, Philippines (MNL).
Xiaogang Geng, Chairman of the
Board of Directors & Chief Executive Officer of Jayud,
commented, "We are thrilled to expand our network to these
strategically significant destinations. This new charter service
further solidifies our commitment to the Southeast Asian market and
enables us to better serve our customers by providing direct,
seamless logistics solutions."
The decision to expand into Indonesia and the
Philippines aligns with the remarkable growth of e-commerce
in Southeast Asia. With a current
market size of USD 5.43 billion and
an anticipated CAGR of over 14.5% during the forecast
period[1], the ASEAN e-commerce logistics market is one
of the fastest-growing worldwide. The market expansion is largely
driven by rapid e-commerce growth, burgeoning social commerce, and
increasing internet penetration in the region.
Jayud's new routes will meet the growing demands for logistics
services in the region and contribute to the robust economic growth
and digital transformation of these emerging markets. With this
service expansion, Jayud continues to position itself as a key
player in international air charter services, committed to
facilitating global commerce and enhancing customer experience.
|
[1]
https://www.mordorintelligence.com/industry-reports/asean-e-commerce-logistics-market
|
About Jayud Global Logistics Limited
Jayud Global Logistics Limited is one of the leading
Shenzhen-based end-to-end supply
chain solution providers in China,
with a focus on cross-border logistics services. Headquartered in
Shenzhen, the Company benefits
from the unique geographical advantages of providing high degree of
support for ocean, air and overland logistics. The Company has
established a global operation nexus featuring logistic facilities
throughout major transportation hubs in China and globally, with footprints in 12
provinces in Mainland China and 16 countries across 6 continents.
Jayud offers a comprehensive range of cross-border supply chain
solution services, including freight forwarding services supply
chain management, and other value-added services. With its strong
service capabilities and research and development capabilities in
proprietary IT systems, the Company provides customized and
efficient logistics solutions and develops long-standing customer
relationships. For more information, please visit the Company's
website: https://ir.jayud.com.
Forward Looking Statements
Certain statements in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties and are based on the Company's
current expectations and projections about future events that the
Company believes may affect its financial condition, results of
operations, business strategy and financial needs, including the
expectation that the Offering will be successfully completed.
Investors can identify these forward-looking statements by words or
phrases such as "may," "will," "expect," "anticipate," "aim,"
"estimate," "intend," "plan," "believe," "is/are likely to,"
"potential," "continue" or other similar expressions. The Company
undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's registration statement and other
filings with the SEC.
For more information, please contact:
Jayud Global Logistics Limited
Investor Relations
Department
Email: ir@jayud.com
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com
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SOURCE Jayud Global Logistics Limited