By Cristina Roca

Deutsche Post AG (DPW.XE) said Thursday that its air and ocean-freight business, DHL Global Forwarding, and SGS SA (SGSN.EB) have signed a letter of intent to cooperate on expanding DHL's Flexitank liquids-shipping service network.

The German freight-and-logistics group said it aims to expand its current Flexitank network to include 60 countries by 2020.

Deutsche Post said it has already launched pilot projects in the Benelux countries, Spain, Argentina, Brazil, Thailand and Malaysia together with the Geneva, Switzerland-based inspection, verification, testing and certification company.

"The partnership with SGS will support both companies in providing customers with a one-stop shop solution for liquids shipping in Flexitanks, in line with environmentally conscious goals," Deutsche Post said in a press release.

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

(END) Dow Jones Newswires

December 06, 2018 05:20 ET (10:20 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
SGS (PK) (USOTC:SGSOY)
Historical Stock Chart
From Jan 2025 to Feb 2025 Click Here for more SGS (PK) Charts.
SGS (PK) (USOTC:SGSOY)
Historical Stock Chart
From Feb 2024 to Feb 2025 Click Here for more SGS (PK) Charts.