CJ Logistics and SM Line Sign Business Agreement to Create Synergy in Land and Maritime Logistics

Kang Byung-gu, Head of Global Division at CJ Logistics (right), and Yoo Joohyeok, CEO of SM Line, are taking a commemorative photo together after signing the MOU. Photo by CJ Logistics

[Asia Economy Reporter Yoo Hyun-seok] CJ Logistics is taking a full-scale approach to the U.S. logistics market by partnering with SM Line to provide integrated logistics services connecting Korea and the United States.

On the 21st, CJ Logistics announced that it signed a business agreement for the expansion of North American logistics operations, called the "Reefer Round-Trip & Trucking" service, at SM Line's headquarters with SM Line.

The Reefer Round-Trip refers to maritime logistics that transport cargo by loading refrigerated containers onto vessels operating on regular round-trip shipping routes, while trucking refers to inland transportation services using large freight trucks.

Through this agreement, both companies plan to maximize synergy by combining their respective land and maritime transportation capabilities and expertise to expand their North American logistics business.

They plan to offer various forms of integrated logistics services to clients (shippers) by utilizing shipping routes between Busan Port and ports on the U.S. West Coast.

First, they will provide cold chain services using temperature-controlled refrigerated containers. These refrigerated containers can maintain temperature even in the middle of the ocean, making them suitable for long-distance transportation of cargo requiring strict temperature control, such as fresh food and pharmaceuticals.

They will also strengthen integrated cargo transportation services that combine inland transportation within North America. CJ Logistics America, CJ Logistics' integrated U.S. subsidiary, will link its transportation capabilities and network in the U.S. to expand services that safely transport cargo from the port to the final destination requested by customers.

Additionally, based on this agreement, CJ Logistics will continue collaborating with SM Line and plans to develop and discover additional routes in countries such as Thailand and Vietnam to expand its global logistics business.

Kang Byung-gu, Head of CJ Logistics' Global Division, said, "As two companies representing Korea's logistics and shipping industries sign this business agreement, it is highly meaningful in terms of maximizing logistics synergy. We will continue to build business models where both companies can win-win through mutual cooperation and strive to offer various logistics services that meet customer needs."

This content was produced with the assistance of AI translation services.