S.F. Express, the top integrated logistics company in China is expanding globally to compete with established titans FedEx, UPS and DHL, and analysts say this week’s investment in Kerry Logistics gives it the firepower to be a one-stop shop for logistics services.
The addition of an international freight forwarder deal immediately vaults S.F. Express to the top echelon of ocean freight management companies and one of the leading warehouse, trucking and e-commerce providers in Asia. And S.F....
Chinese express giant SF Holding is to acquire a 51.8% stake in Hong Kong’s Kerry Logistics Network – a landmark $2.3bn deal creating the “biggest logistics group in Asia”.
In a filing to the Shenzhen stock exchange late last night, SF Holding, which operates courier firm SF Express, said the move would help expand its international footprint and freight forwarding operations through Kerry’s extensive South-east Asia network and its strength on …
The day ‘United Copenhagen A/S’ reminded the logistics universe where the capital of the world actually stands, the proud captains praised their teams, talked up their achievements, rightly so, humbly asking us to prepare for more via their prepared remarks.
But yes, it happened: the Chinese stole their thunder.
1 to 1
One, the asset-light alligator, said:
“Thanks to an extraordinary effort by our staff, we delivered excellent results across all our divisions …
The post Market Insight: DSV...
https://theloadstar.com/market-insight-dsv-panalpina-time-to-call-maersk/
Of all the M&A-related stories, the outcome for Hong Kong’s Kerry Logistics Network is currently the hardest to call.
Odds
Certain signs point to its days on the stock market being numbered, with the world of logistics conceivably losing a third major public player since 2019 in the wake of the takeovers of Panalpina by DSV and Ceva Logistics by CMA CGM, if its suitor SF Holding makes an offer for the …
The post Against the odds: Enter the Chinese mammoth and goodbye Kerry Logistics appeared...
https://theloadstar.com/against-the-odds-enter-the-chinese-mammoth-and-goodbye-kerry-logistics/
Freight forwarders say that with Asia-Europe rates rising at least fivefold year-on-year, and total rates for some cargo having topped US$10,000/FEU, shippers are delaying or cancelling shipments until rates show some correction.
Amid tight capacity and congestion in UK and major Chinese container ports, liner operators have cut UK import allocations to try alleviating UK port congestion. However, the remaining allocations are heavily overbooked resulting in severe backlogs developing in busy...
https://container-news.com/freight-forwarders-feel-the-us10k-heat-in-red-hot-asia-europe-market/
“Kerry Logistics Network (KLN) has risen over 90% to a historical high since end-March due to: 1) an improved trade outlook; 2) strong H120 results; and 3) a proposed spin-off of Kerry Express Thailand (KETH). With the stock trading at 18x 12-month forward p/e, we believe that [most upside] is priced in.” – UBS, sourced from a note headed “Growth and monetization outlook fairly valued”, 23 November 2020.
What’s next, then?
While raising Kerry’s …
Waking up early in the morning, European time, before trade subsides in Asia Pacific is such a pleasure when the performances of three public companies listed out there, all prominent on our radar, stand out. Even more so in days like these when a rising tide lifts all boats.
First off, Australia’s WiseTech (WTC), which hasn’t received a great deal of attention for some time. With its annual general meeting coming …
The post Supply chain radar: Yet another wonderful dawn with WiseTech,...
Kerry Logistics (HKSE: 0636.HK) scored a first-half-year net profit of HK$845 million (US$109 million), up 26% over the same period last year, despite a significant downturn in warehouse business caused by the coronavirus pandemic.
A decline in logistics revenue from operating fewer warehouses in Hong Kong was offset by strong growth in last-mile fulfillment and e-commerce logistics.
Demand for general warehousing and regional distribution centers plummeted this year across Asia with the...
https://s29755.pcdn.co/news/e-commerce-logistics-airfreight-fuel-kerry-logistics-1h-profit
“Outstanding” freight forwarding helped Kerry Logistics to better-than-expected first-half results, but the 3PL warned of “unprecedented chaos” ahead for global supply chains.
Analysts at UBS upgraded the Hong Kong-based 3PL’s outlook late last month, from an earnings decline to double-digit growth, after guidance from Kerry suggested the predicted impact on its business from Covid-19 had been overblown.
This was confirmed by the group’s interim results, released today, which show a 10%...
https://theloadstar.com/forwarding-the-star-of-h1-but-kerry-paints-gloomy-picture-of-next-18-months/
Across the worldwide logistics industry, we are seeing a significant shift in modal use as businesses see the benefits of adopting an intermodal approach, or even shifting their operations entirely from mode to another.
In addition to benefiting the environment, increasing operational efficiency and reliability, this new approach could break down the previously siloed relationships between transport modes and inspire businesses to work together to find the most cost-effective, efficient...
https://theloadstar.com/intermodal-the-key-to-boosting-efficiency-and-reliability-and-going-greener/