CJ Logistics builds second Chicago warehouse to link with major rail freight lines
South Korean forwarding group CJ Logistics is working with state-backed ship financier Korea Ocean Business ...
Artist impression of logistics centres. Source: CJ Logistics
South Korea’s largest 3PL group, CJ Logistics, will spend around $457m building logistics centres in three US cities, Elwood, Des Plaines and Secaucus.
The aim is to cater for increasing volumes of South Korean exports to the US, and expand its footprint in North America.
State-backed ship finance institution Korea Ocean Business Corp will help fund construction of the facilities.
In recent years, South Korea has been shipping more electric vehicles, secondary batteries and microchips to the US – last year, containerised exports ...
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