The U-Freight Group (UFL) has welcomed Taiwan’s decision to allow the country’s freight forwarders to operate multi-destination export consolidations, which will permit them to carry out the consolidation and transshipment and re-export of cargoes to multiple countries overseas.

In the past, local forwarders in Taiwan could only consolidate goods from various cargo containers according to their destination in a foreign country.

U-Freight Taiwan Ltd, the Taiwanese partner of the Hong Kong-headquartered international freight service and logistics group, is celebrating its 30th anniversary this year and will be host for the U-Freight Group’s annual global sales conference in Taipei later this month.

Comments the company’s CEO, Simon Wong: “The new law will make Taiwan one of the most competitive logistics hub in the world.

“Consolidating goods in Taiwan and re-exporting them to Europe and America should increase efficiency and reduce costs.

“It is perfect timing for us, and delegates at our forthcoming conference will certainly be looking at how we can capitalise on this opportunity.”

Since the late 1960s, the U-Freight Group has developed into one of the world’s leading independent providers of international freight forwarding and logistics services.

Through its international network of subsidiary companies and exclusive agents, the company offers the full range of air and seafreight services.