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 Logistics
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
Kerry Logistics aiming to acquire US freight forwarder
Hong Kong-based logistics provider Kerry Logistics Network Ltd. is preparing to expand its global network with the acquisition of an unspecified US freight forwarder, the company told analysts Monday according to the Wall Street Journal, citing a report by investment firm Jefferies Group. The logistics company, with a keen focus on China and Southeast Asia, has been steadily expanding its reach round the world - including Brazil in 2013 and the Middle East and Canada in early 2015 - and in … [Read more...] about Kerry Logistics aiming to acquire US freight forwarder
Kerry Logistics wins inland port concessions in Myanmar
Kerry Logistics Network Limited has announced that its subsidiary, KLN (Singapore) Pte Ltd, has been awarded concession to operate inland ports in Yangon and Mandalay, two major commercial cities in Myanmar. In a bid to seize new opportunities for cross-border trade upon entering the Association of Southeast Asian Nations (ASEAN) Economic Community, the government of Myanmar has committed to developing the railway transportation potential and promote mass cargo transportation in the … [Read more...] about Kerry Logistics wins inland port concessions in Myanmar
Kerry Logistics jumps onto ‘Internet of things’ bandwagon
Kerry Logistics Network Limited has opened its first IT Development Centre in Penang, Malaysia aiming to harness Internet technology in support of its rapidly growing international operations. In tandem with its business expansion in ASEAN and beyond is the rising demand for IT application system and support, the company said. As part of its overall IT development strategy, Kerry Logistics will use the new IT Development Centre in Penang as an offshore support centre to share resource amongst … [Read more...] about Kerry Logistics jumps onto ‘Internet of things’ bandwagon
