Kerry Logistics

Kerry Logistics reports significant decline in financial figures

Hong Kong-based logistics provider Kerry Logistics Network Limited reported a 42% decrease in revenue, amounting to around US$6.1 billion.

Additionally, the company reported a core operating profit of US$280,000, representing a massive drop of 61%. Similarly, Kerry Logistics Network’s core net profit decreased by 69% to US$160,000.

“2023 was undoubtedly a challenging year globally,” pointed out Vic Cheung, group managing director of Kerry Logistics Network.

He went on to add, “Nevertheless, the...

https://container-news.com/kerry-logistics-reports-significant-decline-in-financial-figures/

Kerry Logistics reports lower first half revenue and profits

Kerry Logistics Network Limited announced that its first-half revenue dropped by 47% year-over-year to US$3.2 billion, while its core operating profit plunged by 84% to US$72.4 million and core net profit fell by 85% to US$46.9 million.

Vic Cheung, managing director of Kerry Logistics Network, said, “In 2023 1H, global trade volume and growth remained subdued. Freight rates and volume stayed depressed while supply chain demand remained stagnant.”

He added, “During the three years ended 31...

https://container-news.com/kerry-logistics-reports-lower-first-half-revenue-and-profits/

Huntsville offers Southern hospitality to air cargo

An airport tug pulls a cart with cargo toward a white jet with an open cargo door.

Alabama’s Huntsville International Airport in the past year has attracted new air cargo services controlled by major global logistics companies, solidifying its reputation as a leading cargo hub among lesser-known airports that don’t have massive passenger traffic.

Kerry Logistics is so pleased with the airport’s efficiency processing shipments from Hong Kong for distribution in the eastern half of the U.S. that it has already increased charter flights to four per week after opening an airside...

https://www.freightwaves.com/news/huntsville-offers-southern-hospitality-to-air-cargo

Kerry Logistics establishes new office in Peru

Kerry Logistics Network has announced its coverage extension in Latin America by opening an office in Lima, Peru, increasing the number of countries and territories in its global network to 60.

Having commenced operations in July 2021, Kerry Logistics Peru extends Kerry Logistics Network’s presence in Latin America, boosting its international freight forwarding capability and tapping into the Peruvian export trade, according to the announcement.

“The opening of the new Peru office marks a...

https://container-news.com/kerry-logistics-establishes-new-office-in-peru/

On the wires: SF Holding – M&A fillip already gone (as Kuehne and TFI smile)

That the full, upcoming Q1 ’21 update – expected within the next month – would be painful for SF Holding emerged recently and may be a reason according to which the Chinese integrator had to act swiftly to take over Kerry Logistics Network, although the M&A momentum was momentary, as opposed to that enjoyed by others that went for deal-making in the first quarter.

“Valuation still stretched after share price correction: SF’s share …

The post On the wires: SF Holding – M&A fillip already gone (as...

https://theloadstar.com/on-the-wires-sf-holding-ma-fillip-already-gone-as-kuehne-and-tfi-smile/

Global forwarding the star performer, driving growth for Kerry Logistics

Kerry Logistics Network’s freight forwarding division drove growth at the group, which saw core net profit in 2020 grow 33% to HK$3.32bn (US$234m).
Revenues rose 30% to HK$53.3bn, while its cash position grew some 45%, to HK$8.47bn.
Kerry’s International Freight Forwarding (IFF) arm was “the powerhouse”, said the company, accounting for 28% of the total profit, with its own profit up 64% year on year.
“The growth was mainly driven by a high …

The post Global forwarding the star performer,...

https://theloadstar.com/global-forwarding-the-star-performer-driving-growth-for-kerry-logistics/

Markert Insight: How M&A is changing your business as your business changes

In late April last year, ten days after I lost my father-in-law – who had several pre-existing conditions but maybe would be around for Easter 2021 if Covid-19 didn’t exist – I wrote a debt-driven, lightly M&A-focused piece titled: “Three, four waves, and then comes the M&A spike“.
Building up
It was when the EBITDAC concept – earnings before interest, taxes, interest, depreciation, amortisation and coronavirus – first spread, with data provider Refinitiv at …

The post Markert Insight: How M&A...

https://theloadstar.com/markert-insight-how-ma-is-changing-your-business-as-your-business-changes/

Market Insight: Kuehne + Nagel – why Apex (and not Kerry) makes perfect sense

The feedback tsunami that hit me from the eastern hemisphere in the wake of the Kuehne + Nagel + Apex deal not only carried massive strength, but also shed light on why Apex was the chosen one.
Well, sort of.
Still, it didn’t fully answer why the Swiss forwarder would opt to strike a benchmark deal which, as many agreed, strategically may not be worth the bucks it was likely valued at.
It’s …

The post Market Insight: Kuehne + Nagel – why Apex (and not Kerry) makes perfect sense appeared first on

https://theloadstar.com/market-insight-kuehne-nagel-why-apex-and-not-kerry-makes-perfect-sense/

M&A radar: SF Holding + Kerry – hitting the jackpot via a smart deal structure

Calling the SF Holding + Kerry Logistics Network (Kerry) tie-up structure was a bit of a headache – and in fact, to my knowledge, nobody guessed it right earlier this month when the initial rumours emerged.
However, we weren’t far away from winning it last week (here: “Enter the Chinese mammoth and goodbye Kerry Logistics“) when – after gathering meagre market feedback in the wake of a rather disjointed, yet useful, …

The post M&A radar: SF Holding + Kerry – hitting the jackpot via a smart deal...

https://theloadstar.com/ma-radar-sf-holding-kerry-hitting-the-jackpot-via-a-smart-deal-structure/

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