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Last C$0.09 CAD
Change Today 0.00 / 0.00%
Volume 0.0
GPW On Other Exchanges
As of 2:57 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

grand power logistics group (GPW) Snapshot

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grand power logistics group (GPW) Details

Grand Power Logistics Group Inc., through its subsidiary, Grand Power Express International Limited, provides logistics and related services in Hong Kong, China, and internationally. The company offers air-freight forwarding and sea-freight, customs brokerage, logistics, warehousing and distribution, and other value added services. Its ocean-freight services consist of LCL and FCL, load and stuff/unloading, warehousing, drayage and distribution, project shipment, port-to-port and door-to-door, export and import, and sea/air services. The company also provides custom brokerage services comprising interpretation of related rules and regulations for customs clearance; explanation of declaration procedures, including documentation and EDI; identifying tariff/duties of different classifications of goods; and professional consultation on a range of freight transport declarations. In addition, it offers warehousing and distribution services that support inbound and outbound logistics, as well as distribution and in-warehouse inventory control, and inventory management services; sales and customer services; and customized information technology (IT) solutions, such as real-time tracking system, e-booking/ pre-alert, EDI, bar code labeling, and reporting and IT system. The company was founded in 2002 and is based in Calgary, Canada.

Founded in 2002

grand power logistics group (GPW) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $123.2K
Chief Financial Officer, Secretary, Treasurer...
Total Annual Compensation: $40.7K
Managing Director of Grand Power Express and ...
Total Annual Compensation: $139.3K
Compensation as of Fiscal Year 2014.

grand power logistics group (GPW) Key Developments

Grand Power Logistics Group Inc. Expands into Cross Continental Rail Services

Grand Power Logistics Group Inc. announced that it has expanded its operations in China to include a cross continental rail service. This China-Europe rail service begins at its most easterly point in the Chinese city of Suzhou and stretches throughout Russia and Europe, ending in Hamburg, Germany. The newly formed route bridges the gap between air and sea, with containers arriving in approximately double the time as air shipping, but in less than approximately a third the time as shipping the same by sea. In addition, customers who are looking for an environmentally friendly solution can expect a significant fall in CO2 emissions, compared to airfreight.

Grand Power Logistics Group Inc. Opens Branch Office in the City of Fuzhou

Grand Power Logistics Group Inc. announced that it has recently opened a new branch office in the city of Fuzhou, located in China's Fujian Province. The branch will serve as the hub for a newly launched initiative by Grand Power, focusing on online and e-commerce shipping. The platform will initially concentrate on shipping between Europe and southern China, but also direct efforts toward serving the intra domestic market, which is growing substantially with the increase in online retail shopping in China.

Grand Power Logistics Group Inc. Announces Consolidated Financial Results for the First Quarter Ended March 31, 2015

Grand Power Logistics Group Inc. announced consolidated financial results for the first quarter ended March 31, 2015. Sales revenue for the three months ended March 31, 2015 decreased by $3,394,929 (21.39%) to $12,477,642 from $15,872,571 in 2014. The decrease in sales revenue is due to a transitional shift in focus by the company from some lower margin to higher margin business and slightly weaker demand. The income from operations increased to $101,946 compared to a loss of $113,768 for 2014. The improvement is primarily due to a higher gross profit margin and a decrease in general operating expenses. The net profit was $25,265 compared to $436,683 in 2014. The decrease in net profit for the year was primarily due to the decrease of the gain on revaluation of investment property and other non-operating incomes. The net profit attributable to the owners of the Corporation was $26,386 compared to a net profit of $432,539 in 2014. Earnings per share were $0.0003 compared to $0.006 a year ago.


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