Kerry Logistics Network

Kerry Logistics’ net profit up 81 percent in H1

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Kerry Logistics Network announced last week the Group’s interim results for the six months ended 30 June 2021. Group’s Financial Highlights Revenue increased by 68 percent year-on-year to HK$36,709 million (2020 1H: HK$21,885 million) Core operating profit increased by 70 percent to HK$2,536 million (2020 1H: HK$1,489 million) Core net profit jumped by 81 percent year-on-year to HK$1,530 million (2020 1H: HK$845 million) Profit attributable to the Shareholders for 2021 1H was … [Read more...] about Kerry Logistics’ net profit up 81 percent in H1

Kerry Logistics establishes air cargo network at HSV

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Kerry Logistics Network Limited has introduced a new transpacific air freight service to connect multiple locations in Asia to the United States amidst heightened demand in a pandemic-hit air freight market. The freight integrator is partnering with Huntsville International Airport (HSV) in Alabama to launch its own air network and leverage on the Americas hub in Huntsville, with the first cargo flights originating from Hong Kong set to start this month. Dubbed Kerry freight controlled … [Read more...] about Kerry Logistics establishes air cargo network at HSV

Kerry Logistics revenue up 30 percent in 2020

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  Announcing the company’s 2020 results, William Ma, group managing director of the Kerry Logistics Network (KLN) Group thanked colleagues and business partners for achieving record year in terms of revenue and core net profit. This he said clearly demonstrated the logistics company’s ‘resilience and capability to evolve through the pandemic.’ Kerry Logistics recorded revenue of US$6.7 billion (HK$53.7 billion) up 30 percent over 2019, as operating income climbed 20 percent to US$420 … [Read more...] about Kerry Logistics revenue up 30 percent in 2020

Kerry Logistics opens hub to boost China’s chemical sector

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Kerry Logistics Network has opened a logistics centre in China’s Hebei province as the company aims to capture the market potential in chemical logistics. The logistics centre, to be operated under Kerry IMS Chemical Logistics and will be the base in northern China, was opened and commenced operation on 8 January in the Cangzhou Lingang Economic and Technological Development Zone. Located near the Tianjin Nangang Industrial Zone, the logistics centre occupies 320,000 square feet, … [Read more...] about Kerry Logistics opens hub to boost China’s chemical sector

Kerry Logistics to build bonded logistics facility in Hainan

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Kerry Logistics Network announced plans to construct a bonded warehouse in Haikou’s integrated free trade zone, as it looks to seize the opportunities presented by China’s plan to develop the province of Hainan as a major trade centre. Scheduled for completion in the first quarter of 2023, the 50,000-sqm facility will contain 10,000 sqm of cold storage and marks the first time an international 3PL will invest in a premium bonded logistics centre in the Hainan free trade port. The 3PL … [Read more...] about Kerry Logistics to build bonded logistics facility in Hainan