Kerry Logistics Network Limited (‘Kerry Logistics’ or together with its subsidiaries, the ‘Group’) announced the Group’s interim results for the six months ended 30 June 2017. William Ma, group managing director of Kerry Logistics, said, “2017 1H has been another challenging period. Global demand stalled in Q1 and our cargo volume was at a low level in January and February. Nevertheless, the temporary slowdown in Q1 reversed as the world economy gradually stabilised with cyclical … [Read more...] about Kerry Logistics records 10% growth in H1
Kerry Logistics
Kerry Logistics partners with Maxim’s
Kerry Logistics Network Limited (Kerry Logistics) has secured a long-term contract with Maxim’s Caterers Ltd, Hong Kong’s leading food and beverage company. Kerry Logistics will provide integrated logistics services, including cold chain solutions, supporting the caterer’s more than 780 outlets in Hong Kong and key accounts, 365 days per year. This strategic cooperation signals the collaboration of two industry leaders in Hong Kong, and exists to serve the Hong Kong community with speedy and … [Read more...] about Kerry Logistics partners with Maxim’s
Kerry Logistics expands network through joint venture in CIS
Kerry Logistics Network Limited (‘Kerry Logistics’) continues to enhance its services and network under the ‘Belt and Road’ Initiative by entering into a joint venture through participating in the equity of Globalink Logistics DWC LLC, a freight forwarding group headquartered in Dubai with operations spanning across The Commonwealth of Independent States (‘CIS’). The move will significantly expand Kerry Logistics’ coverage in Central Asia and the CIS, opening the door to potential markets with … [Read more...] about Kerry Logistics expands network through joint venture in CIS
Kerry Logistics rides on e-commerce boom in China, ASEAN
Cross-border e-commerce is growing rapidly around the Asian region. In China alone, more than 15 percent of the population was expected to make overseas purchases worth US$87.76 billion in 2016, according to the first-ever estimates of the consumer trend by eMarketer, a global market research firm. By 2020, more than a quarter of the Chinese population will be shopping digitally for foreign products. Following in China’s footsteps, total revenues from B2C e-commerce in the six … [Read more...] about Kerry Logistics rides on e-commerce boom in China, ASEAN
Kerry ups stake in India’s INDEV logistics, eyes pan-India scope
Kerry Logistics Network Limited, a leading logistics service provider in Asia, has entered into memorandum of understanding to increase its stake in Indev Logistics Pvt. Ltd., a well-established Indian logistics company headquartered in Chennai, from 30 per cent to 50 per cent. Kerry noted that a key driver behind this was its increasingly positive view of India’s economic prospects. The announcement was made at the re-branding ceremony held on 13 April in New Delhi with Nirmala … [Read more...] about Kerry ups stake in India’s INDEV logistics, eyes pan-India scope
Kerry Logistics’ acquisitions drive growth for 7th consecutive year
Kerry Logistics Network Limited, a leading logistics service provider in Asia, today announced the Group’s annual results for 2015 with core net profit increasing by 9.0 per cent to HK$1.06 billion (US$136.65 million) on stable revenue of HK$21.08 billion. Kerry’s Integrated Logistics business saw a 13 per cent rise in segment profit to HK$1.64 billion while the group’s International Freight Forwarding business recorded a 7.0 per cent rise in segment profit to HK$361 million. “In 2015, … [Read more...] about Kerry Logistics’ acquisitions drive growth for 7th consecutive year