CGL Logistics is a small Hong Kong-based freight forwarder with over 25 years of operating history. The company arranges international transport of goods by sea, air, and rail, primarily moving export cargo out of China and Hong Kong to Europe, Asia, and North America. CGL does not own ships or aircraft — it acts as an intermediary, buying cargo space from carriers and reselling that space to customers at a markup, while handling logistics coordination including customs clearance, documentation, and pickup and delivery. Sea freight is the dominant service at roughly 80% of revenue, with agency logistics services and air freight making up most of the remainder. About 89% of revenue comes from other freight forwarders who outsource specific logistics legs to CGL, with direct shippers across electronics, apparel, and other industries making up the balance. CGL's margins depend on the spread between its cargo space costs and customer pricing. CGL holds direct Cargo Sales Agent arrangements with several airlines, allowing it to buy air cargo space without going through intermediaries, which improves cost competitiveness. Revenue is booked order-by-order with no long-term contracts, creating exposure to trade volume cycles. CGL's growth plans include opening offices in East and Southeast Asia, expanding airline agency arrangements, adding warehousing capacity in Hong Kong, upgrading IT systems, and pursuing acquisitions in the region.