Post Tagged with: "kerry logistics"

On the rails: Growth in Asia’s slower lane

On the rails: Growth in Asia’s slower lane

February 9, 2017 at 6:58 pm 0 comments

Last October the British and Chinese governments agreed to allow more than double the number of passenger flights between the two nations and threw the door open to unlimited cargo flights. To date, however, no air carrier has availed itself of the opportunity. Instead, rail, as well as rival ground-basedRead More

Kerry Logistics sees opportunities in North America with APEX acquisition

Kerry Logistics sees opportunities in North America with APEX acquisition

June 1, 2016 at 5:52 pm 0 comments

Today Hong Kong-based logistics provider Kerry Logistics completed its acquisition of a 51 percent controlling stake in California-based, full-service freight forwarder, APEX Maritime. Although APEX’s strength is in oceanfreight, with 270,000 TEUs handled in 2015, the deal also has broader implications for Kerry’s airfreight forwarding operations, and expansion into theRead More

The Power 2015: Stability at the top

The Power 2015: Stability at the top

May 26, 2016 at 2:18 pm 0 comments

Stability at the top For the top four forwarders on the Power 25 list, ranked by tonnage, there was seemingly little change. DHL’s Supply Chain and Global Forwarding divisions led the field, yet again, by a wide margin, with 2.11 million tonnes of air cargo shipped during 2015. However, theRead More

Kerry bets on ‘Make in India’ to drive logistics growth

Kerry bets on ‘Make in India’ to drive logistics growth

April 15, 2016 at 5:05 pm 0 comments

Hong Kong-based Kerry Logistics entered into a memorandum of understanding to raise its stake in Chennai-based Indev Logistics Pvt. Ltd. from 30 percent to 50 percent, as it prepares to handle increased demand for logistics services from growth in ecommerce and industry, driven, in part, by the Indian government’s newRead More

Kerry poised for growth after 2015 profit rise

Kerry poised for growth after 2015 profit rise

March 25, 2016 at 5:34 pm 0 comments

Hong Kong-based freight forwarder and logistics provider, Kerry Logistics, reported its 2015 net profit up 9 percent, year-over-year, to US$136.75 million, and said it expects to see more forwarding growth this year from acquisitions Gross revenues for the group’s combined logistics and freight forwarding activities were nearly unchanged from 2014Read More

Kerry Logistics boosts IT in Malaysia

Kerry Logistics boosts IT in Malaysia

January 5, 2016 at 12:59 am 0 comments

In yet another example of the strong demand for logistics services in Southeast Asia, Kerry Logistics has opened its first IT development center in Penang, Malaysia, to support the company’s rapidly growing international operations. Hong Kong-based Kerry Logistics said it plans to use the new center as an offshore supportRead More

Kerry Logistics puts ‘butler’ robots to work

Kerry Logistics puts ‘butler’ robots to work

September 17, 2015 at 9:11 pm 0 comments

Six fully automated and programmed robotic “butlers” are busy scurrying around Kerry Logistics’ Product Customization and Consolidation Centre in Hong Kong to speed up the fulfillment of e-commerce orders. Real-time sales orders are transmitted to the robots, then the warehouse management system indicates the item to be picked up byRead More

Kerry Logistics steady amid China’s turmoil

Kerry Logistics steady amid China’s turmoil

August 26, 2015 at 11:04 pm 0 comments

Given that many investors are on edge over the wild ride the stock market has taken this week, stemming from the volatility in the Chinese economy, Kerry Logistics is moving along relatively unscathed. For the first half of 2015, core operating profit for the forwarder increased by 16 percent, year-over-year,Read More