Phillipines: Orient Freight International, a wholly owned subsidiary of Rayomar Management, has approved a 30% strategic investment into the company by LBC Express Holdings, Inc.
LBC is the recognized leader in express logistics services in the country with over 6,400 branch offices, hubs, and agents. This move is in line with the managements’ strategy to enhance value to its customers by establishing last-mile efficiencies,” says Jose Ramon Garcia, Orient Freight CEO. “As more and more companies move into the B2C space utilizing the power of the internet we will be able to leverage our partnership with LBC”.
Over the past 4 decades Orient Freight has steadily built a solid presence in the auto-logisitics, distribution, forwarding, and supply chain sectors. LBC President & CEO, Mike Camahort states “This partnership is expected to drive synergies through both companies’ operations, with an expected Php 2 Billion growth in regular operating revenue in Orient Freight over the short-term”. Future plans involve investments in projects covering cold-storage, infrastructure logistics, enhanced auto-logistics management, and distribution centers, which will further boost the companies’ sales and driving the companies’ goal of providing creative logistics solutions to our clients.
Orient Freight currently operates domestic offices and facilities in Manila, Clark, Cavite, Bataan, Laguna, Batangas, Subic, Cebu, Cagayan de Oro, Davao, and Zamboanga. Internationally the company are partners with Hellmann Worldwide Logistics providing an international network of 437 branches in 162 countries.
Share this Post