UPDATE : 2018.9.18 TUE 17:49
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CJ Logistics, Russia's FESCO ink partnership deal

CJ Logistics Corp. said Sunday it has signed a partnership deal with FESCO, a Russian transportation and logistics firm.

The preliminary deal is expected to allow the logistics arm of South Korea's food and entertainment conglomerate CJ Group to do business using Russia's Trans-Siberian Railway, which will reduce costs for trade with Europe.

Under the deal, CJ Logistics and FESCO will also jointly launch logistics businesses on the Trans-Siberian, the South Korean company said in a statement.

Park Keun-tae, chief executive of CJ Logistics, said the company aims to provide a variety of logistics services by developing trade routes that link Asia to Europe. SEOUL, March 18 (Yonhap)

Kim Sua  edt@koreapost.com

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