Seoul-based Pantos Logistics has announced a joint venture agreement with Japanese trucking company, Seino Transportation, to expand its international small parcel delivery business. The Korean firm also signed a MoU with Chinese 4PX Worldwide Express.
The venture, SP Express, which became operational at the end of last month, will be responsible for the import, customs clearance and delivery of small parcels shipped from China to Japan.
The two parties will work together on sales and marketing and Pantos Logistics will utilise its network in China for the collection, warehousing and customs clearance of parcels exported from China to Japan.
At the same time, SP Express will make use of the networks and infrastructures of the two companies in both Japan and China.
The joint venture plans to market its business to major small parcel companies whose operations are based in China, and ultimately to expand its business to outbound small parcels from Japan utilising the networks of the two partners.
Tying up with Chinese biz partner
Separately, Pantos Logistics said in a statement that it has signed a Memorandum of Understanding (MoU) with China-based e-Commerce logistics company 4PX Worldwide Express (4PX) to expand its international e-Commerce logistics business.
4PX, in which Singapore Post holds a 40% stake, operates e-Commerce logistics for clients including eBay, Amazon and Alibaba.
Under the MoU, the two companies will develop new transportation routes linking China and South Korea, and handle goods purchased by Koreans from major Chinese shopping malls like AliExpress, the statement said.
Pantos wants to tap overseas markets
The Korean Logistics firm also plans to expand its logistics activities in Europe and the U.S. by utilising the joint overseas network of the two companies and strengthen its 3PL business with e-Commerce companies worldwide through its overseas logistics centres.
Nol van Fenema