News

China's investments in U.S. up sharply

A Los Angeles Times article illustrates how China’s direct investments in the U.S. are growing rapidly. In 2009, Chinese FDI in the U.S. is estimated to be in the $3.9 to $6.4 billion range by industry observers. Both private and state-owned Chinese companies are investing in an increasingly varied array of U.S. sectors. Some Chinese firms, aware that Chinese investments in the U.S. are sometimes viewed as being politically- instead of economically-driven, ally with business partners to ease these perceived concerns.

Odyssey Logistics & Technology Corporation Announces the Establishment of Operations in Charleston

COLUMBIA, S.C. – April 22, 2010 – At the South Carolina State Ports Authority today, the South Carolina Department of Commerce, the City of Charleston, Charleston County and the Charleston Regional Development Alliance (CRDA) announced that Odyssey Logistics & Technology Corporation will acquire International Forwarders Inc., a third party logistics service provider in Charleston. The company will retain the current workforce and plans to add a significant number of new jobs.