Circle sets up ASPAC unit

Circle sets up ASPAC unit

SINGAPORE (Reuters): U.S.-based logistics firm Circle International said yesterday it had set up an automotive logistics division at its Asia-Pacific headquarters in Singapore.

"The ASPAC (Asia-Pacific) region provides the largest opportunity for expansion in the automotive logistics business," it said in a statement.

"In order to leverage our experience gained in the U.S. and Europe we have decided to inject specific resources into Asia in all facets of the automotive arena," Paul Graham, regional head of Circle International, said in the statement.