Schenker in joint venture with StarTrans

JOINT VENTURE: Schenker has entered in to a joint venture with StarTrans International, Hong Kong. StarTrans is a specialist for airfreight in Asia-Pacific, on the Asia-USA route.

It is planned that Schenker will take over the majority in the joint venture. The Supervisory Board of Deutsche Bahn AG already approved the process.

With about 500 employees, StarTrans achieved annual sales of 200 million USD. Customers come from industries like apparel and toys and from sectors like automotive and high-tech.

With the joint venture, Schenker will continue to expand its presence in the growth markets. At the same time, the scope of logistics service for special industry segments will be increased.

"Together with StarTrans, we will have a very competitive business model for airfreight on the trans-Pacific route, in one of the fastest growing markets", said Dr. Thomas C. Lieb, as member of the Board of Management of Schenker AG responsible for the Air and Seafreight Operations.

"The new joint venture aims to expand the business of freight forwarding globally and will bring Schenker and StarTrans to new heights of success." said Eddie Yau, Chairman StarTrans.

With annual sales of eight billion euros, 39,000 employees and about 1,100 offices around the world, Schenker is one of the world's leading providers of integrated logistics services offering land operations, air and sea freight.

Mack International Freight, a member of the John Keells Group, represents Schenker International and StarTrans International in Sri Lanka and the Maldives.