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Chinese Transportation Companies Thriving During Downturn

China Press, Posted: Jan 10, 2009

LOS ANGELES Big transportation companies have been hard hit by the current economic crisis. However, smaller companies owned by Chinese Americans, and frequently offering cheaper services, are starting to gain more market share in the industry, reports the China Press. From July to September of last year, nationwide, 785 transportation companies shut down, taking 39,000 trucks off the roads and leaving at least 10,000 truck drivers jobless. But, transportation companies owned by Chinese Americans have not been affected much, reports the newspaper. Coast Bridge Logistics, an L.A.-based Chinese transportation company, said the recession is an opportunity for the company to grab more market share from their bigger mainstream competitors.

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