Contract Signing! Cooperation Agreement Signed with South Korea’s LX Pantos!

On April 25, Xi’an International Inland Port Investment & Development Group (ITL Group) signed a strategic cooperation agreement with South Korea’s LX Pantos. The two parties held discussions focused on further deepening cooperation, enhancing the high-quality development of the China Railway Express (Xi’an), and establishing a Central and Eastern European logistics hub in Hungary.

The two parties will jointly establish a logistics hub station for the China Railway Express (Xi’an) servicing Central and Eastern Europe, located in Hungary. This hub will include container yards, rail facilities, logistics storage, and various other services. Simultaneously, efforts will be made to enhance various types of transportation services within the European Union, including inland railways and trucking.

Hungary, situated in the central region of Europe, is a key member of the Belt and Road Initiative. The establishment of this logistics hub will propel the outbound expansion of China’s automotive industry into the heart of Europe, catering to the diverse needs of customers. It will also create new growth opportunities for the China Railway Express (Xi’an) service, while further promoting commercial and trade exchanges as well as positive interactions between Shaanxi and the Central European region.

Qu Jinwei, Party Secretary and Chairman of ITL Group; Zhai Ruopeng, Deputy General Manager of ITL Group; and Lee Ha-hyeong, Head of International Railway Affairs at LX Pantos, attended the event and served as witnesses to the agreement signing. The cooperation agreement was signed by Shao Boer, General Manager of Xi’an International Inland Port Multimodal Transportation Co., Ltd., and Hyeong Gapsu, Head of Operations in China at LX Pantos, representing their respective entities.

LX PANTOS is a global multinational conglomerate established in 1977, with its headquarters located in Seoul, South Korea. LX PANTOS primarily engages in combined freight forwarding, warehousing, transportation, GSP, customs clearance, and insurance agency services. It operates over 70 branch companies worldwide, spanning Asia, Europe, North America, and Africa. Since its inception, LX PANTOS has evolved into a comprehensive logistics enterprise, offering a full range of services across all logistics sectors, including customs clearance and warehousing. Currently, LX PANTOS has established over 20 wholly-owned subsidiaries or offices in various locations across China, including Beijing, Shanghai, Hong Kong, Tianjin, Dalian, Shenyang, Qingdao, Nanjing, Shenzhen, and Taipei.

In recent years, ITL Group has been actively developing the Budapest market in Hungary. It has developed several route products, including the "China Railway Express (Chang’an) Central and Eastern Europe Route", "China Railway Express (Xi’an–Budapest) ‘Shacman’ First Train", "Budapest–Xi’an Return Public Train", "China Railway Express BYD Project (Xi’an–Budapest, Hungary)", and "China Railway Express (Xi’an) Hanoi, Vietnam–Xi’an, China– Budapest, Hungary" Cross-border Road-rail Multimodal Transport Train".

Looking ahead, ITL Group will continue to push for a "dual improvement" in the operational quality and efficiency of the China Railway Express (Xi’an). It plans to efficiently operate full-schedule special trains and constantly explore to diversify routes. By incorporating multifaceted approaches such as table trolleys, rail-road combined transport, and sea-rail combined transport, it aims to build a comprehensive modern logistics system. Always adhering to a customer-centric approach, ITL Group strives to achieve high-quality development of the China Railway Express (Xi’an) Collaboration Center, to contribute ITL strength to Xi’an’s comprehensive opening-up and the creation of a reform and opening-up frontier in the inland regions.