Kerry Logistics grew its net profit by 11 percent in the first half to $69 million, driven by strong growth in its core integrated logistics and freight forwarding segments, but raised concerns over weak economic conditions that are affecting the cargo handling business.
06 Jul 2015
Gary Wilcock, managing director of Kerry Logistics Europe, passed away on June 21 after a short battle with cancer. He was 54.
11 Jun 2015
U.K.-based Kerry Logistics has completed a new office in Portugal, allowing the third-party logistics provider to better serve southwest Europe and get better access to Africa and South American markets, particularly Brazil.
28 Jan 2015
A scarce supply of industrial land will continue to push up warehouse rentals in Hong Kong, keeping landlords in the pound seats while ramping up operating costs for third party logistics providers.
21 Jan 2015
Kerry Logistics is planning to convert one of its basic warehouse facilities in Hong Kong into a columbarium that will store the remains of up to 100,000 people, according to a local media report, a move that would appear to be a significant money spinner for the group.
16 Jan 2015
Kerry Logistics has formed a joint venture with Indonesia’s PT Puninar Saranaraya (Puninar Logistics) as it expands its business in Southeast Asia’s largest economy.
13 Jan 2015
China’s exports in 2014 recorded the second slowest growth since the country joined the World Trade Organisation in 2001, rising just 6.1percent as overall trade growth for the year slumped to 3.4 percent.
08 Jan 2015
Asia forwarders are preparing for a busy first quarter with a six-week sweet spot between the western year end and a late Chinese New Year expected to drive up cargo volumes being shipped out before the mainland's most important holiday.
05 Jan 2015
Kerry Logistics Network’s acquisition drive has continued into the new year, as the company added majority stakes in two Canadian forwarding companies barely a week after acquiring a Dubai-based logistics operator.
23 Dec 2014
The door to China’s domestic courier market is about to be opened a little wider for foreign service providers, as the State Post Bureau prepares to green light Kerry Logistics and Japanese firms Yamato Logistics and OCS (Overseas Courier Service) to operate in the mainland express market.
26 Nov 2014
A combination of manufacturing migrating from China to its Southeast Asian neighbours and improving road infrastructure is set to grow cross-border trade, despite the import and export of containers taking up to three weeks in some countries.