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.
18 Aug 2014
Kerry Logistics reported an 8 percent increase in net profit for the first half as its integrated logistics segment showed solid growth in China and across ASEAN.
29 Jun 2014
Forwarders shipping goods via Shanghai are trying to decipher China Customs’ 24-Hour Advance Manifest (CCAM) regulations that either were implemented on June 3, will be implemented on June 28 or July 1, or will be strictly enforced from October 1, depending on the source.
07 Apr 2014
Foreign investment in the five founding members of ASEAN, the Association of Southeast Asian Nations, last year topped $128.4 billion, five times the 2001 level, Merrill Lynch economist Chua Hak Bin said in a report carried today by the South China Morning Post.