Russia firm plans China cargo boost

PJCS setting up Shanghai subsidiary, looking to expand in other cities

PJCS TransContainer, Russia's biggest container operator, has announced a plan to expand its China business in response to the soaring cargo transit demand between China and Europe under the Belt and Road Initiative.

The TransContainer Freight Forwarding (Shanghai) Co Ltd, a wholly owned subsidiary established on Tuesday at the China (Shanghai) Pilot Free Trade Zone, will serve as the Russian company's headquarters in China, and focus on port transportation.