Kerry rides global trade resurgence to high revenues, market expansion

A remarkable increase in turnover at Kerry Logistics, up 31 percent to US$1.75 billion in the first half of 2017, presents further evidence that global trade has overwhelmed protectionist sentiments that dominated headlines last year. “The world economy gradually stabilized, with cyclical recovery starting from Q2,” said William Ma, group managing director of Kerry Logistics. […]
  • Lewis King
  • August 31, 2017

Kerry Logistics signs long-term contract with Maxim’s Caterers

Kerry Logistics announced that it has contracted with Hong Kong’s largest food and beverage caterer, Maxim’s Caterers, to manage logistics, including cold-chain transportation and storage, for Maxim’s Group’s more than 780 outlets in Hong Kong. Under the announced long-term contract, Kerry Logistics will manage Maxim’s Caterers’ new central distribution center, with multi-temperature storage, and provide […]
  • Caryn Livingston
  • August 14, 2017

Kerry Logistics’ Blank brings Europe, China a bit closer

With its extensive infrastructure and footprint in the world’s biggest e-commerce market, China, Kerry Logistics is intimately involved in directing and processing the growing volumes of goods circulating the globe. In Europe, the company is working to grow its footprint, but the market is mature, necessitating an ambitious mergers and acquisitions (M&A) strategy. In Munich, […]
  • Lewis King
  • July 7, 2017

That Sinking Feeling: Keeping shippers from running back to seafreight

With any broken relationship – whether it’s a romantic tryst or a freight consignment – there’s always the danger of the “rebound effect.” “Unrewarding rebound relationships can actually lead people to feel more attached to their ex-partners, rather than less,” warned Samantha Joel, assistant professor at the University of Utah Psychology Department. With time, she […]
  • Lewis King
  • July 6, 2017

Kerry Logistics doubles-down on ‘One-Belt’ rail services

Kerry Logistics announced today that it has aquired a 50 percent ownership stake in Lanzhou Pacific Logistics Ltd (LPL), an intermodal brokerage company that specializes in services across China and Central Asia, including Uzbekistan, Kazakhstan and Russia. Hong-Kong-based Kerry will share management of LPL with the brokerage company’s other shareholder, China Railway Container Transport Company, […]
  • Lewis King
  • July 3, 2017

Kerry logistics launches new Europe-to-China LCL rail service

Rail service between China and Europe continues to add capacity, moving freight at lower costs than air, and faster than maritime modes. Shippers in industries such as fast fashion are starting to migrate away from air cargo, as the viability of rail networks increases between Southeast Asia, China and Europe. Kerry Logistics, which already operates […]
  • Lewis King
  • June 28, 2017

Armstrong’s 3PL report calls 2016 ‘mediocre’ for U.S. airfreight

While the third-party logistics (3PL) market had a “mediocre” year in the United States, global 3PL revenues reached US$802 billion in 2016 and are on track to exceed $962 billion in 2020, according to the latest 3PL report by market research firm, Armstrong & Associates. The report, titled “Third-Party Logistics Market Results and Trends for […]
  • Randy Woods
  • June 16, 2017

Kerry Logistics enters JV with Globalink Logistics, expands in CIS region

In an effort to broaden its presence in the Central Asian region, Kerry Logistics has partnered with Dubai-based Globalink Logistics DWC, a freight forwarding group with extensive operations across The Commonwealth of Independent States (CIS). The joint venture will “significantly expand Kerry Logistics’ coverage in Central Asia and the CIS, opening the door to potential […]
  • Lewis King
  • June 13, 2017

The Power 25 List for 2017

The Power 25 list was compiled with the cooperation of Armstrong & Associates, Inc., a U.S.-based supply chain consulting firm, which ranked the 25 largest forwarders, based on their 2016 air tonnage. Revenue information and tonnage figures for 2016 are either reported by the companies or estimated by Armstrong & Associates. The Power 25: Rank […]
  • Randy Woods
  • May 27, 2017

Kerry Logistics launches ‘One Belt’ UK-China rail services

A slew of stories have emerged about new rail connectivity between Europe and China demonstrate that the latter’s “One Belt, One Road” initiative is becoming an economic reality. Now, Kerry Logistics is making the initiative tangible on the Western end, too, as the first eastbound freight train is poised to begin chugging away from London […]
  • Lewis King
  • April 10, 2017

On the rails: Growth in Asia’s slower lane

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-based modes, have risen in popularity. […]
  • Ian Putzger
  • February 9, 2017

Kerry Logistics sees opportunities in North America with APEX acquisition

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 the U.S. market through its increased […]
  • Charles Kauffman
  • June 1, 2016

The Power 2015: Stability at the top

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, the leader hardly had an easy […]
  • Randy Woods
  • May 26, 2016

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

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 new “Make in India” program. With […]
  • Charles Kauffman
  • April 15, 2016
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