Consultant Insight: Middle East outlook for 2020 is promising

A flurry of activity from forwarders and logistics providers has focused on the Middle East region of late.  Kerry Logistics opened a new office in Bahrain as well as a new bonded logistics facility in Dubai. Meanwhile, DB Schenker and DHL Express, both of which took advantage of free trade areas around airports, opened a […]

Kerry Logistics, Correos enter JV to serve Chinese export market

Today, Hong Kong-based logistics company Kerry Logistics Network Ltd. announced a joint-venture with Spain’s national postal service, Sociedad Estatal de Correos y Telégrafos, to provide end-to-end cross border services for companies engaged in e-commerce exports from China. Under the agreement, the companies will establish a new 200,000 square-foot sorting center in Southern China. The facility will […]

Kerry Logistics adopts smart sensors throughout supply chain

Hong Kong-based Kerry Logistics is upping its digitalization game with the introduction of smart sensors compatible for cargo across all modes of transportation that provide real-time data on location, temperature, pressure, tilt, shock and humidity to stakeholders across the supply chain. Through customizable alerts or via the company’s “KerrierVISION” visibility portal, both consignees and shippers […]

Kerry Logistics launches e-commerce JV with E-Services Group

Hong Kong-based Kerry Logistics and e-commerce IT company E-Services Group (ESG) have entered a joint-venture (JV) to develop a fulfillment service that will fuse Kerry’s network and logistics services with ESG’s technological capabilities. The JV, “Kerry ESG,” will allow e-tailer shippers to manage order fulfillment, inventory and reverse logistics through a centralized platform upon its launch […]

Kerry Logistics adds subsidiary in Pakistan under Belt-Road initiative

Today, Hong Kong-based 3PL Kerry Logistics said it will expand its forwarding network to include Pakistan with a new subsidiary company, in a move that will address demand for South Asian trade stimulated by the China-Pakistan economic corridor (CPEC). Kerry will offer block train and trucking services along the route, through Lanzhou Pacific Logistics, of […]

Kerry Logistics’ profits grow by double digits in H1 2018

Today, Hong-Kong based 3PL Kerry Logistics released its H1 2018 interim results, which show a 22 percent year-over-year increase in core net profit to about US$89 million. “Although the world economy experienced growth in H1 2018, global demand has been flat,” said William Ma, group managing director of Kerry Logistics. “Nevertheless, the China-U.S. trade dispute […]

Kerry Logistics launches new rail services to Caucasus region

Hong Kong-based Kerry Logistics continues to invest in the “One Belt, One Road” initiative that promotes trade between Europe and China by releasing plans to launch a new 18- to 20-day railway service. The 3PL also said it is planning an alternative 12- to 14-day trucking service that will connect China to the Caucasus region, […]

Kerry Logistics expands presence in South Africa

Hong-Kong based 3PL Kerry Logistics has acquired the services of South African forwarding and logistics company, Shipping and Airfreight Services (SAS), to help expand its presence on the African continent. Kerry Logistics will utilize SAS for its air- and ocean-freight shipment, consolidation, charter, warehousing and distribution services as it pursues its goal to “expand its […]

Kerry Logistics partners with Bangkok’s transit system in O2O endeavor

Yesterday, Hong-Kong based 3PL Kerry Logistics’ delivery arm, Kerry Express, signed in a new partnership with VGI Global Media (VGI), the multimedia subsidiary of Bangkok’s mass transit system. In the deal, Kerry Express will issue 23 percent of its shares to VGI, amounting to about US$1.8 billion. Kerry Express, which has 600 distribution centers and […]

Forwarding helps Kerry Logistics lift revenue and core net profit in 2017

Hong-Kong-based forwarder Kerry Logistics reported today that, in 2017, it increased revenue by 28 percent to US$3.9 million, compared to the previous year, and increased core net profit by 7 percent to $150 million. Of particular note was Kerry’s International Freight Forwarding (IFF) division, which saw a 14 percent rise in profits for the segment, […]

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. […]

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 […]

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, […]
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