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GLP signs new leases with 3PL companies in China; buys Shanghai company for $72 mil

PC Lee Published on Tue, Feb 21, 2017 / 7:42 AM GMT+8

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SINGAPORE (Feb 20): GLP, the provider of modern warehouse facilities, has signed 1.1 million sf of new leases with third party logistics (3PL) companies in China over the past two months.

The customers are serving domestic distribution demand from the express delivery and less-than-truckload (LTL) sectors.

With these leases, GLP establishes a new customer relationship with Yimidida while extending partnerships with three existing 3PL customers, including Best Logistics.