Kerry Logistics

Kerry Logistics profits rise, despite ‘a challenging and turbulent year’

Kerry Logistics is “reserving its strengths and getting prepared to play a more vital role in supporting our customers to move well ahead of the aftermath [of Covid-19]”, it said, as it announced its 2019 results.
“2019 was a challenging and turbulent year,” said chairman Kuok Khoon Hua, as the Asian forwarder reported revenue up 8% to HK41bn ($5.3bn), with core operating profit up 17% to HK$2.7bn. Net profit rose 4% …

The post Kerry Logistics profits rise, despite ‘a challenging and turbulent...

https://theloadstar.com/kerry-logistics-profits-rise-despite-a-challenging-and-turbulent-year/

Supply chain radar: Freight forwarding shakeout – US loses, Europe mixed, Asia takes it all

Here are some key highlights of comprehensive research – headed: “Global freight forwarder tracker” – published by UBS on Monday, 23 March, spanning air and ocean freight performance for the major freight forwarders worldwide (emphasis in bold added):
– “Chinese port activity is reported to be aligned with 2019 levels (Clarksons’) with economic activity recovering in China. As past weeks orders are fulfilled volumes are likely to decline as Europe/US demand comes …

The post Supply chain radar:...

https://theloadstar.com/supply-chain-radar-freight-forwarding-shakeout-us-loses-europe-mixed-asia-takes-it-all/

Kerry Logistics donates services to help TRTL deliver support socks to health professionals

Hong Kong, Friday 27th March 2020: Kerry Logistics Network Limited (‘Kerry Logistics’; Stock Code 0636.HK) has donated its services to deliver 5,000 pairs of compression socks, given by Glasgow-based online travel retailer Trtl (pronounced turtle), to frontline health professionals across Scotland.
Kerry Logistics distributed the socks to National Health Service (NHS) hospitals in Glasgow, Aberdeen, Edinburgh, and Dundee last week, with 5000 more planned for delivery in London in the next seven...

https://theloadstar.com/kerry-logistics-donates-services-to-help-trtl-deliver-support-socks-to-health-professionals/

Kerry confirms takeover of Turkish forwarder ASAV, and eyes more M&A 

 Cash-rich Kerry Logistics has taken another step in its ambitious growth plans, acquiring one of Turkey’s top air freight forwarders. 
In a deal revealed by Loadstar Premium in June to buy Asav Lojistik Hizmetleri Anonim Sirketi (ASAV), Kerry has expanded its freight forwarding capabilities between Asia and Europe – and is looking for more acquisitions.  
ASAV has seven offices in Turkey and one in Amsterdam, as well as a 452,000 sq ft warehouse in Istanbul for both bonded and non-bonded goods...

https://theloadstar.com/kerry-confirms-takeover-of-turkish-forwarder-asav-and-eyes-more-ma/

M&A radar: Partial sale of Ceva the only certainty as deal smoke thickens

This Indian summer has brought about a slew of hot rumours and serious – and some less serious – market talk regarding deal-making that I thought it would be worth sharing in a preliminary attempt aimed at predicting what could be next in our beloved, sometimes overly cautious, industry.
What’s known
Drawing from several conversations about CMA CGM/Ceva Logistics in the past few weeks, I have concluded that we are soon going …

The post M&A radar: Partial sale of Ceva the only certainty as deal...

https://theloadstar.com/ma-radar-partial-sale-of-ceva-the-only-certainty-as-deal-smoke-thickens/

Kerry appoints industry veteran John Parkes MD for integrated logistics

Kerry Logistics has appointed John Parkes (pictured above) as its managing director for integrated logistics.
Mr Parkes joins from Hong Kong apparel sourcing and supply china giant Li & Fung, where he spent four years as global business development head for Hong Kong and Taiwan.
Although the bulk of his 35-year career has been spent at Li & Fung, he boasts a varied CV. This includes stints at Freightlink as general manager of …

The post Kerry appoints industry veteran John Parkes MD for...

https://theloadstar.com/kerry-appoints-industry-veteran-john-parkes-md-for-integrated-logistics/

Kerry launches JV with Spanish post office to target Chinese e-commerce boom

Kerry Logistics has entered a partnership with the Spanish national postal service to benefit from the vast growth in demand for Chinese e-commerce.

With Sociedad Estatal de Correos y Telégrafos, the Hong Kong-headquarted logistics operator will form a joint-venture providing end-to-end, cross-border e-commerce.

Kerry’s group managing director, William Ma, said: “The JV combines the capabilities of its partners to refine the process of e-commerce parcels handling and deliveries. As China’s...

https://theloadstar.com/kerry-launches-jv-with-spanish-post-office-to-target-chinese-e-commerce-boom/

On the wires: Market surprise at Thomas Blank’s exit from Kerry Logistics after less than three years as Europe chief

On 28 October 2015, The Loadstar reported: “Hong Kong-based Kerry Logistics has appointed industry veteran Thomas Blank as its new European managing director based at the company’s Central Europe office in Frankfurt. The company said he will oversee its strategic developments in Europe, with the goal of establishing Kerry Logistics as a preferred logistics service provider for industry and trade, and a reliable partner for bridging Europe and Asia”.
On the …

The post On the wires: Market...

https://theloadstar.com/on-the-wires-market-surprise-at-thomas-blanks-exit-from-kerry-logistics-after-less-than-three-years-as-europe-chief/

Kerry Logistics expands food cold chain business in China

Kerry Logistics Network Limited has expanded its food-related cold chain capability in Mainland China through the establishment of Kerry Cold Chain Solution Ltd (‘Kerry Cold Chain’), to tap into the fast-growing domestic market of niche food products.

Kerry Cold Chain is a joint venture company formed with Shanghai Zhizhen Logistics Co Ltd (‘Zhizhen Logistics’) in which Kerry Logistics holds the majority interest. It provides comprehensive integrated cold chain logistics solutions from upstream...

https://container-news.com/kerry-logistics-expands-food-cold-chain-business-china/

Kerry Logistics appoints Martin Stoekenbroek its new EMEA MD

Kerry Logistics has appointed Martin Stoekenbroek as managing director for Europe Middle East and Africa (EMEA).
Mr Stoekenbroek joins from Geodis, where he spent 14 years, most recently as senior vice president for global air freight.
Prior to that he also acted as the company’s chief operating officer for EMEAand MD for the Netherlands.
Managing director of global freight forwarding at Kerry Mathieu Biron said: “Having built his career in EMEA, he possesses in-depth …

The post Kerry Logistics...

https://theloadstar.com/kerry-logistics-appoints-martin-stoekenbroek-its-new-emea-md/

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