DHL, Austrian Railways to Collaborate on China's 'Belt and Road' Network
May 15 2018 - 5:23AM
Dow Jones News
By Max Bernhard
Deutsche Post AG (DPW.XE) said Tuesday that subsidiary DHL
Global Forwarding is to collaborate with Austrian Federal Railways
on a direct rail route between Vienna and Chengdu, China, to tap
into the rising trade along China's "Belt and Road" network.
Deutsche Post's air and ocean freight subsidiary has signed a
memorandum of understanding with Austrian Federal Railways' freight
division for the rail route, which runs across six countries,
tracing the "Silk Road economic belt" and connecting China and
Austria by land within 15 days, the German postal operator
said.
China's Belt and Road initiative, which is credited as the
biggest regional development push since World War II, aims to
establish rail, port and power infrastructure throughout Asia to
strengthen China's exports and political power.
"Austria's economic relations with China are growing steadily
and at the same time Vienna is an important hub for trade flows to
and from Eastern and Southern Europe," said Christoph Wahl,
managing director of DHL Global Forwarding Austria.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
May 15, 2018 05:08 ET (09:08 GMT)
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