Kerry Logistics has a soft first half as weak trade growth puts the brakes on volume.
23 Mar 2016
The net effect of China’s export slowdown on Kerry Logistics was being mitigated by customers shifting their manufacturing operations to Southeast Asia, said group managing director William Ma.
14 Mar 2016
Kerry Logistics has acquired a Southern California-based freight forwarder that will significantly grow its international network, but the the Hong Kong-listed third-party logistics provider is not revealing the identity of the company until its financial results are delivered on March 24.
25 Jan 2016
Kerry Logistics in less than two months will complete the acquisition of an as-yet-unnamed U.S. forwarder, the latest part of the company’s expansion via acquisitions and joint ventures.
11 Jan 2016
Kerry Logistics Network’s Singapore subsidiary has been awarded the concession to operate inland ports in Yangon and Mandalay, two major commercial cities in Myanmar.
25 Aug 2015
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.
20 Apr 2015
Kerry Logistics has formed a strategic partnership with China’s state-owned rail operator as it begins to tap into Beijing’s One Belt One Road national trade strategy that was announced in March.
26 Mar 2015
Kerry Logistics plans to build a regional express delivery platform in China and across the Asean region to capitalise on a rapidly growing segment of the logistics business, but it will be a cautious entry into a difficult market.
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.