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Stock impact report

Cheetah Net Moves Its Headquarters to Los Angeles

Cheetah Net Supply Chain Service Inc. (CTNT) 
Company Research Source: GlobeNewswire
CHARLOTTE, N.C., June 28, 2024 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. (“Cheetah Net” or “the Company”) (NASDAQ: CTNT) announced today that it intends to relocate its headquarters from North Carolina to Los Angeles (“LA”), the largest hub for import, export, and supply chain operations in the United States. The Company anticipates that this relocation will open significant opportunities in supply chain finance for Cheetah Net. The Company cited several strategic reasons for this move: Proximity to Ports: LA is the home to the Port of LA and the Port of Long Beach, which are among the busiest ports in the world. This proximity can significantly reduce shipping costs and transit times.Infrastructure and Logistics: LA has well-developed infrastructure and logistics networks that support international and domestic trade. This includes access to major highways, railways, and airports, all to facilitate the movement of goods.Market Access: LA provides ready access to Show less Read more
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