Kerry Logistics’ performance in the first half of this year may have already seen the company ‘bottom out’ after the sharp drop from the extreme highs during the pandemic, as the Hong Kong-based logistics player saw 30 percent quarter-on-quarter growth for Q2. The abnormal highs seen in 2021 and 2022 have made an impact on year-on-year comparisons with rates slowly going back to the levels seen pre-pandemic. In its interim results, the company recorded a net profit of HK$368 million for the … [Read more...] about Kerry Logistics bounces back in Q2
Kerry Logistics
Kerry Logistics delivers in style for fast fashion
Kerry Logistics Network Limited has rolled out a sorting solution that resulted in 270 percent increase in overall productivity, the company claims. The company has introduced the sorting robot ‘KOOLBee’ to enhance its e-commerce fulfilment service for a global fast fashion brand. Requiring only a small area to operate, the robots have the advantage of being quickly deployed, reconfigured and scaled up, increasing the accessibility and flexibility of sortation automation compared with … [Read more...] about Kerry Logistics delivers in style for fast fashion
Kerry Logistics ramps up US freight service via HSV
Kerry Logistics is ramping up capacity in its controlled network with four weekly charter flights from Hong Kong (HKG) to Huntsville (HSV) in Alabama.. Weekly direct flights from HKG to HSV are scheduled on Mondays, Tuesdays, Thursdays and Sundays. These are supported with B2B, B2C and B2B2C door-to-door services to different cities in the Americas, including Chicago, Los Angeles, New York, Miami, Bogota, Mexico City, Santiago, Lima, and Montevideo. One highlight of this service is its … [Read more...] about Kerry Logistics ramps up US freight service via HSV
Kerry Logistics launches new service on UK-Turkey lane
Kerry Logistics Network is responding to growing demand for multimodal options with a new one-stop solution (1S2) for imports and exports between the UK and Turkey. The new service features supply chain visibility through an online portal called KTreker and covers all modes to cater to customers who are looking for alternative sourcing locations outside Asia. Kerry Logistics is one of IATA’s primary cargo agents in Turkey and the company said the one-stop solution 1S2 was developed for … [Read more...] about Kerry Logistics launches new service on UK-Turkey lane
Kerry Logistics forms JV with hygiene products maker
Hong Kong-listed Kerry Logistics Network and Hengan International Group have set up a joint venture to create ‘synergy’ in the business-to-business (‘B2B’) bulk distribution and wholesale market of medical, healthcare and hygiene products. Hengan Group is a known producer of hygiene consumables like diapers and band-aids in China, and the company is looking to expand its business into other Asian countries and territories moving forward. Kerry Logistics says the joint venture company was … [Read more...] about Kerry Logistics forms JV with hygiene products maker
SF Holding takes over Kerry Logistics in $2.3b deal
Parcel delivery firm SF Holding is set to acquire a majority stake of Kerry Logistics as it aims to improve its international logistics capacity in a proposed ‘strategic investment and cooperation’ between the two companies, a press release confirmed. The proposed takeover will see the Chinese courier take a 51.8 percent stake in Kerry Logistics at HK$18.8 (US$2.43) per share, with the deal valued at US$2.3 billion. News broke of a potential deal last week as trading for both companies was … [Read more...] about SF Holding takes over Kerry Logistics in $2.3b deal