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The business of long-haul trucking is starting to take off in China as the nation builds up the economies of its interior cities and upgrades its road networks, drawing major U.S. players such as Schneider National Inc. and YRC Worldwide Inc. to take part in the country’s logistics development, The Wall Street Journal reported.
“Schneider is likely to make investments worth tens of millions of dollars in China within a year,” said the paper, quoted Chief Executive Chris Lofgren as saying, "Our view on China is it's incredible, exciting, dynamic, in many cases very similar to the U.S. logistics environment in the 1950s.”
With businesses looking to tap China's interior cities for its plentiful labor force and increasingly affluent consumers, there is a growing demand for better roads and trucking services. Beijing has already said it plans to more than double its current 41,000 kilometers of expressways in the next few years.
In June 2005, YRC Worldwide said it was setting up a transportation company in a joint venture with Shanghai Jin Jiang International Industrial Investment Co., China's second-largest air-freight forwarder.
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