CRC plans rail logistics centers as profits slump

China Railway Corp Group, the country's railway service provider, which is fighting a dramatic slump in profits, plans to build a number of rail logistics centers in Anhui and Shandong provinces to support transportation of household appliances and diversify its business.

The new logistics centers are expected to be established in the home appliances-producing areas such as Hefei and Wuhu in Anhui, after CRC clinched a deal with Qingdao-based home appliances maker Haier Group, according to CRC.

Under the deal, CRC will provide designated freight trains and tailored multi-modal logistics services for Haier to help the company with domestic and international rail deliveries.