Joint venture between Schenker and StarTrans

AIR FREIGHT: Schenker has entered in a joint venture with the company 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.

Furthermore, together with BAX we will become a leading player on that lane”, 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.

This arrangement will also give enormous benefits to all our customers in the areas of enhanced facilities, efficiency and expansion of routes as the new venture is a total solutions provider in freight forwarding”, said Eddie Yau, Chairman of StarTrans.