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Tag: Kerry Logistics

  • Kerry Logistics among awardees named by Bloomberg Businessweek

    Kerry Logistics among awardees named by Bloomberg Businessweek

    Kerry Logistics Network Limited was for the fourth year in a row among the awardees named as the Listed Enterprises of the Year 2019 (the ‘Award’) presented by Bloomberg Businessweek/Chinese Edition, which recognised its excellent performance and contribution to Hong Kong’s economy.

    William Ma, Group Managing Director of Kerry Logistics, said: “We are grateful to the organiser for once again including us among the cream of the crop in the Hong Kong business world. As a Hong Kong-listed company, we always do our best to abide by the highest standards of corporate governance, as well as to contribute to the prosperity of the city in which we are rooted.

    “This encouragement and recognition will continue empowering us to maintain a socially responsible and sustainable business operation, and pursue innovation and development that is beneficial to all our stakeholders.”

    Organised annually by Bloomberg Businessweek/Chinese Edition, part of the internationally renowned brand of business journalism, the Award is the only event applying Bloomberg Terminal data to analyse listed enterprises in Hong Kong.

    Awardees are judged by a panel made up of senior government officials, professionals and academics according to business/financial performance, corporate governance, investor relationship, development strategy, corporate social responsibility, sustainability, innovation and risk management.

    With an expanding global network and a diverse range of businesses, Kerry Logistics has continued its efforts in strengthening its service capabilities, extending its network coverage and building its business scale in order to give itself a competitive advantage in adapting to the changing global logistics landscape.

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  • Kerry Logistics Network appoints Wong Siew Loong as Chief Commercial Officer for the group

    Kerry Logistics Network appoints Wong Siew Loong as Chief Commercial Officer for the group

    Kerry Logistics Network Limited announced the appointment of Wong Siew Loong as its Chief Commercial Officer for the Group and Managing Director for South East Asia. The appointment is a key step in accelerating KLN’s growth strategy and advancing its development plan across the globe.

    With more than 25 years of experience in the global transportation and logistics sector, Siew Loong joins KLN from Kuehne+Nagel where he last served as President of the Asia Pacific region and brings extensive international experience and a proven track record. Based in Singapore, Siew Loong will lead KLN’s global commercial growth strategies and operational advancement efforts to unlock new opportunities and drive greater growth.

    Vic Cheung, Executive Director and CEO of KLN, said, “We are delighted to welcome Siew Loong to our leadership team. His vision for commercial excellence, along with his strong understanding of market dynamics and customer needs, will be invaluable as KLN continues to innovate and deliver exceptional value to our customers across regions and markets.”

    Wong Siew Loong commented on his new appointment, “I am excited to be joining KLN and bringing my commercial experience and insights to contribute value to its strategic development and long-term growth. I look forward to working collaboratively with the talented team across the network to drive success.”

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  • Kerry Logistics bounces back in Q2

    Kerry Logistics bounces back in Q2

    Kerry Logistics’ performance in the first half of this year may have already seen the company ‘bottom out’ after the sharp drop from the extreme highs during the pandemic, as the Hong Kong-based logistics player saw 30 percent quarter-on-quarter growth for Q2.

    The abnormal highs seen in 2021 and 2022 have made an impact on year-on-year comparisons with rates slowly going back to the levels seen pre-pandemic. In its interim results, the company recorded a net profit of HK$368 million for the first half, down 85 percent versus the same period last year, with revenue dropping 47 percent year-on-year to HK$25,315 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. During the three years ended 31 December 2022, KLN Group’s flexible and innovative supply chain solutions enabled it to benefit from the supply and demand mismatch during the pandemic and achieved exceptionally good results. However, the extraordinary circumstances in 2021 and 2022 proved an anomaly that distorted year-on-year comparisons for logistics companies including KLN Group. After the particularly difficult 2023 Q1, the Group’s overall performance has bottomed out. Although the Group’s core net profit reported a decrease of 85% in year-on-year terms, the performance in 2023 Q2 recorded more than 30% quarter-on-quarter growth. The Group’s resilience, agility and unique position in Asia are expected to carry it through the storm in 2023.”

    Across the business, Kerry Logistics’ integrated logistics remained stable in H1 with a segment profit of HK$718 million compared to the HK$717 million seen in the same period last year. Contributing to the positive performance were its business in China and Thailand-based Kerry Siam Seaport’s satisfactory results with Hong Kong not growing proportionally due to a sharp drop in demand for pandemic-related services.

    The freight forwarding business meanwhile recorded an 82 percent year-on-year contraction in segment profit in the first half at HK$621 million. The company attributed the decline to weak global demand, slower-than-expected recovery in Asian exports and plunged freight rates. Kerry Logistics said the trans-pacific trade lane accounted for more than 80 percent of the business, despite volumes sliding 22 percent year on year. The company said this decline is comparatively smaller and it expects the division to outperform the market when it turns around.

    Recording the only segment loss for the first half is the company’s e-commerce and express business. The company said it expects Kerry Express Thailand, the major contributor for the express division, to stabilise in the fourth quarter of next year. On 25 July 2023, the group announced the transfer of certain companies engaging in express delivery services in Asia Pacific and Europe to an indirect subsidiary of S.F. Holding as a move to reorient its focus towards integrated logistics and freight forwarding.

    Vic Cheung concluded that 2023 is shaping up to be a tough year for the global logistics industry: “the extreme circumstances under the pandemic are gradually fading in global logistics activities and there are signs of improvement in both freight rates and volumes in KLN Group’s key markets.

    “Using the pre-pandemic FY 2019 as the base, we are confident to deliver healthy and sustainable Compound Annual Growth Rate (CAGR) growth in segment profits in our IL and IFF divisions. We are also optimistic that the stable performance of the IL business is likely to keep up the momentum in 2023 2H.”

    Kerry Logistics announced interim dividend of 9 HK cents per share  payable on  22 September 2023.

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  • Kerry Logistics Network posts 102% growth in Core Net Profit

    Kerry Logistics Network posts 102% growth in Core Net Profit

    Kerry Logistics Network Limited (‘Kerry Logistics Network’ or together with its subsidiaries, the ‘Group today announced the Group’s annual results for 2021.

    Group’s Financial Highlights

    • Revenue (including revenue generated from discontinued operations) increased by 53% to HK$81,771 million (2020: HK$53,361 million)
    • Core operating profit increased by 88% to HK$6,229 million (2020: HK$3,320 million)
    • Core net profit increased by 102% to HK$3,692 million (2020: HK$1,828 million)
    • Profit attributable to the Shareholders was HK$7,939 million (2020: HK$2,896 million), which represents a year-on-year growth of 174%
    • Integrated Logistics (IL) business recorded a segment profit of HK$1,868 million (2020: HK$2,642 million), which represents a decrease of 29%, partly due to the disposal of the Group’s Hong Kong Warehouse and the Taiwan businesses during the year
    • International Freight Forwarding (IFF) business recorded a segment profit of HK$4,860 million (2020: HK$993 million), which represents a growth of 389%
    • Proposed final dividend of 50 HK cents per Share, to be payable on Wednesday, 8 June 2022

    William MA, Group Managing Director of Kerry Logistics Network, said, “In 2021, supply and demand mismatch, logistics bottlenecks, congested ports, labour shortage and pandemic related lockdowns and measures continued to cause endless disruptions in the global supply chain. Thanks to the unwavering support from our colleagues and partners, we managed to deliver efficient and consistent services to our customers in the face of complex and relentless challenges. We achieved a record-high revenue of HK$81.8 billion and a core net profit of HK$ 3.7 billion in 2021.”

    IL Shrank

    The segment profit of KLN Group’s IL business did not grow in line with the other segment, mainly due to a weak Asian market brought about by a series of prolonged lockdowns and other pandemic measures across Southeast Asia, severely disrupting both manufacturing and consumption related activities, as well as the required disposal of the Group’s Hong Kong Warehouse and businesses in Taiwan.

    In Hong Kong, the Group’s IL business reported a 14% contraction, with logistics operations decreasing by 4%. This was mainly due to the disposal of warehouses in Hong Kong at end-September 2021 as well as the implementation of pandemic-induced social distancing measures which has caused a depression in particular retail activities.

    In the Mainland of China, the Group’s IL business grew by 33%, mainly from the increase of manufacturing activities as purchase orders shifted back to the Mainland from many Asian countries, boosting its production and export of both components and finished products.

    In Asia, the IL division went down by a large extent. This was mainly due to prolonged lockdowns across many countries in Asia, which depressed manufacturing activities. Furthermore, pricing pressure and fierce competition experienced by Kerry Express Thailand in Thailand have also impacted on the Group’s results. The Group is expected to reclaim its dominance in key Asian markets, where profitability will gain traction starting in 2022 2H.

    Strategic Partnership with S.F. Holding

    KLN Group’s strategic partnership with S.F. Holding will give it an unparallelled advantage as Asia’s largest 3PL provider to tackle the uncertain market challenges ahead. The two parties are already collaborating in the Mainland of China to serve S.F. Holding’s clients’ overseas business needs. By 2022 Q2, KLN Group will serve as the exclusive cargo General Sales Agent (GSA) for S.F. Airlines, as well as the principal service provider outside the Mainland of China for S.F. Holding’s international express business, firmly establishing KLN Group’s position as S.F. Holding’s international arm.

    William Ma concluded, “The complex dynamic system of the global supply chain will remain sensitive to an array of different pandemic responses and measures as well as geopolitics. International freight will face another year of price, volume and capacity volatility. Inflationary pressures and material shortages along the supply side will continue to disrupt global trade for a prolonged period. Although onshoring and reshoring have been discussed widely, it is highly likely that Asia, the manufacturing base of the world, will continue to hold its ground in the next five years. KLN Group and S.F. Holding’s strategic cooperation has opened a new page for both sides. Unique yet competitive service offerings have been co-developed through the ongoing business and operation integrations. As the world is moving faster and further away from the pre-COVID market conditions, we are confident that the new KLN Group is empowered to advance through it.”

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  • Kerry Logistics introduces new Trans-Pacific air freight service

    Kerry Logistics introduces new Trans-Pacific air freight service

    Kerry Logistics Network Limited introduces a new Trans-Pacific air freight service to connect multiple Asian locations to the USA to capture the heightened demands in the pandemic-hit air freight market. Named Kerry Freight Controlled Network (‘KCN’), the freight integrator centres on the Americas hub set up in Huntsville, Alabama, USA. The inaugural flights will originate from Hong Kong in August 2021.

    KCN is a time-definite solution that offers standard air freight services to customers with guaranteed space and long-term pricing, fulfilling the needs of customers looking for stable and long-term solutions. KCN leads the market in heavy air freight integrators with door-to-door solutions for a wide range of products: from small parcels to large and oversized cargoes, including DGR and lithium batteries.

    KLN is partnering with the Huntsville International Airport in the State of Alabama, USA, to establish a hub at the airport, operating inbound and outbound air cargo flights as well as trucking connections to provide seamless transportation of goods across the Americas. KLN will operate multiple aircraft on a weekly basis from select origins in Asia.

    Kevin Bulger, Chief Operating Officer of USA, Kerry Logistics Network, said, “We chose Huntsville as our Americas air freight hub for KCN as it is congestion free and enjoys expedited transfer of cargo to Latin America and Mexico. With cooperation from HSV, we will be able to execute swift dispatch of cargoes to cities within the USA and Canada. KCN will be a welcomed service in the increasingly tight air cargo market and meet the demands of customers looking for a lasting and reliable solution to their air freight needs.”

    Rick Tucker, CEO, Port of Huntsville, said, “The Port of Huntsville is a Southeast gateway to countries all over the world and makes our region a highly sought-after location for business and industry. Home to the Huntsville International Airport (HSV), Jetplex Industrial Park (JIP) and the International Intermodal Centre (IIC), our Port creates efficient, effective, and economical solutions for customers and stimulates the regional economy through a strong transportation infrastructure, global connectivity, and innovative logistic solutions. Kerry Logistics Network will enhance HSV’s global connectivity and speed to market solutions. We welcome our newest logistic partner to HSV and look forward to a long term, prosperous partnership.”

    Backed by its excellent track record in the industry, the support of carriers, its customs clearance capacity and extensive coverage of major air transit hubs across different regions, KLN’s air freight business, from Asia to the world, surged in 2020.

  • Kerry Logistics recognised as “Most Honoured Company” for sixth year in a row

    Kerry Logistics recognised as “Most Honoured Company” for sixth year in a row

    Kerry Logistics Network Limited (‘Kerry Logistics Network’; Stock Code 0636.HK) is honoured to be recognised as one of the “Most Honored Companies” in Institutional Investor’s annual All-Asia (ex-Japan) Executive Team rankings for the sixth consecutive year. It was also ranked in the top three in five categories under the Transportation sector.

    Kerry Logistics Network and its key executives secured top three in the following categories, based on votes from buy-side analysts, money managers, and sell-side researchers at securities firms and financial institutions that cover the Asian region:

    • Best CEO – William Ma
    • Best CFO – Ellis Cheng
    • Best Investor Relations Professional – Iris Tsang
    • Best Investor Relations Program
    • Best ESG

    William Ma, Group Managing Director of Kerry Logistics Network, said, “We are honoured to be recognised once again for our commitment to a proactive investor relations strategy. While it has been imperative to respond to the challenges brought by the pandemic, in terms of investor relations, we have remained steadfast in maintaining our transparency, stepping up communication with the investment community and addressing investors’ concerns. Despite all the difficulties, we believe it is of paramount importance for us to keep our shareholders and investors up to date, particularly on Kerry Logistics Network’s latest corporate developments, while providing comprehensive disclosure to our stakeholders to ensure we create value for all. We are grateful to Institutional Investor and the investment community for the long-term support, and we will continue doing our best in applying global best practices in our investor relations programme.”

    Kerry Logistics has received the “Most Honored Companies” accolade since 2016. The 2021 All-Asia (ex-Japan) Executive Team rankings were determined by the votes from over 4,000 investment professionals across 1,285 financial services firms. The survey covered several core areas, including “Financial Disclosure”, “IR Services & Communications”, “COVID-19 responses”, “ESG”, “CEO”, “CFO” and “IR Professional”.

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  • Kerry Logistics Network posts 30% growth in revenue core net profit increased by 33%

    Kerry Logistics Network posts 30% growth in revenue core net profit increased by 33%

    William MA, Group Managing Director of KLN Group, said, “The COVID-19 pandemic has brought unprecedented challenges to everything from global public health to people’s livelihoods. The stop-and-go momentum of the global economy has caused severe disruption to the global supply chain. With human mobility severely curtailed, the role of logistics has become ever more paramount. Every link in the supply chain from sourcing and manufacturing to the distribution of finished products must still be maintained. Even as the pandemic forced millions of corporate employees around the world to work from home, our teams have been working tirelessly on the frontline, maintaining 24/7 services across some 150 international hubs to support various industries and sustain people’s daily lives. In 2020, thanks to the collective efforts of our colleagues and business partners, KLN Group achieved record growth in both revenue and core net profit, clearly demonstrating the Group’s resilience and capability to evolve through the pandemic.”

    IL Growth Sustained

    KLN Group’s IL division recorded a normalised segment profit growth of 8% in 2020, mainly driven by the strong performance in Hong Kong and Taiwan.

    In Hong Kong, the IL division grew by 10% in 2020, benefitting from the rise in demand for home-delivered daily necessities, electronic goods and pharmaceutical logistics. The Hong Kong warehouse business contracted in 2020 compared with 2019 mainly due to the disposal of two warehouses in 2019 1H.

    In Mainland China, the segment profit for the IL division bounced back in 2020 2H, offsetting the 37% drop in 2020 1H. This was due to the resumption of manufacturing activities, recovery of local consumption and the rapid growth of the e-commerce market in Mainland China.

    In Taiwan, the IL business expanded by 19% year-on-year in segment profit, capitalising on the growth of semi-conductors and electronics manufacturing, the increasing demand in pharmaceutical logistics as well as the rise in e-commerce business. The robust performance of Science Park Logistics’ bonded operations was another driver for its growth.

    In Asia, the IL business sustained despite severe lockdowns across the region, driven by the switch from consumer goods business to the essential supply sectors. The Group expanded its express business to the Philippines through the establishment of a joint venture company in 2021 Q1 in which the Group has a 51% interest.

    IFF Thrived

    The IFF division was the powerhouse of KLN Group’s business in 2020, accounting for 28% of the total segment profit, with its segment profit for the full year increasing by 64% year-on-year compared to a 40% growth in 2020 1H. The growth was mainly driven by a high global demand for pandemic-related goods as well as production and exports from Mainland China. It created the favourable conditions for the Group to capture opportunities from the unprecedented volatile global freight market, in terms of rates, capacity and equipment availability.

    Kerry Apex recorded an increase in volume of 17%, strengthening its Trans-Pacific market position. It was the number one NVOCC from Thailand, Vietnam, Indonesia and Malaysia to the US, the number two NVOCC from Asia to the US for 2020.

    Facility Portfolio Updates

    In Mainland China, the 340,000-sq-ft chemical logistics centre in Cangzhou commenced operation in 2021 Q1. Construction of the 827,000-sq-ft logistics centre in Qingdao is expected to complete in 2021 Q2. The 1,043,000-sq-ft logistics centre in Guangzhou, the 305,000-sq-ft chemical logistics facility in Zhangjiagang, the 

    644,000-sq-ft hub and logistics centre in Zhuhai and the 545,000-sq-ft bonded logistics centre in Hainan are expected to complete construction in 2022.

    Proposed Strategic Investment from S.F. Holding

    On 10 February 2021, a Joint Announcement was made amongst S.F. Holding (acting through its wholly-owned subsidiary), the Company and Kerry Properties Limited, a Controlling Shareholder and substantial shareholder of the Company. Pursuant to the Joint Announcement, S.F. Holding will make a voluntary conditional cash offer to shareholders to acquire a controlling stake in the equity interest of the Company. The proposed transaction is subject to satisfaction of certain pre-conditions. These pre-conditions include certain inter-conditional special deals, including the disposals of certain Hong Kong warehouses and the Company’s Taiwan businesses, being entered by the Company with Kerry Holdings Limited, the substantial shareholder of the Company. If the proposed transaction does not proceed, these special deals also will not proceed.

    William Ma concluded, “Scale and technological advances are crucial for any company in this industry to retain its competitiveness over its peers and drive changes in the global logistics arena. To this end, the proposed strategic cooperation with S.F. Holding will scale up KLN Group, extending its reach and enhancing its R&D capabilities. The Group’s performance in 2020 stands as testament to the capability in devising creative and efficient logistics solutions, which were in high demand when the global supply and logistics infrastructure suffered damage. KLN Group is prepared to seize any opportunity that may arise, as well as to enhance its value for stakeholders.”

  • S.F. Holding and Kerry Logistics Network Announce Strategic Investment

    S.F. Holding and Kerry Logistics Network Announce Strategic Investment

    S.F. Holding and Kerry Logistics Network Limited (‘Kerry Logistics Network’ or ‘the Company’; Stock Code 0636.HK) are pleased to announce the proposed strategic investment and cooperation between the two companies.

    Subject to satisfaction of certain pre-conditions, the Offeror, being an indirect wholly-owned subsidiary of S.F. Holding, will make a Partial Offer to obtain 931,209,117 ordinary shares of Kerry Logistics Network, representing approximately a 51.5% stake (on a fully-diluted basis) of the Company at a cash offer price of HK$18.80 per share (the ‘Partial Offer’). In conjunction with the Partial Offer, Kerry Logistics Network’s warehouse assets in Hong Kong will be disposed of to a wholly-owned subsidiary of Kerry Holdings Limited to unlock its shareholder value, and for the Company to operate under an asset-lighter model comparable to international industry peers.

    Subject to the completion of the warehouse sale, substantially all of the proceeds from the warehouse sale will be distributed to all those shareholders of the Company who are shareholders of record on the record date as a special dividend of HK$7.28 per share. The total amount of offer price plus special dividend to be received by a shareholder of the Company for every share that the shareholder tenders and is accepted under the Partial Offer would be HK$26.08, comprising the offer price of HK$18.80 per share and the special dividend of HK$7.28 per share.

    To facilitate the transaction, the Company’s business in Taiwan, including the interest in Kerry TJ Logistics Company Limited, which is listed on the Taiwan Stock Exchange (‘Kerry TJ Logistics’; Stock Code 2608.TW), will also be sold to a wholly-owned subsidiary of Kerry Holdings Limited in compliance with the laws and regulations in Taiwan. The proceeds from the Taiwan business sale will be retained by the Company for its ongoing growth and developments.

    The Partial Offer is subject to fulfillment of certain pre-conditions including, amongst others, the disposal of the Hong Kong warehouse assets, and the disposal of the Taiwan business becoming unconditional under their respective sale agreements, and upon independent shareholders’ approvals being obtained at a Special General Meeting and the relevant regulatory approvals in various jurisdictions in connection with the Partial Offer being obtained.

    The cooperation will bring together the core competencies of S.F. Holding and Kerry Logistics Network across multiple verticals to create a leading Asia-based global logistics platform to meet ever-changing demands.

    Under the strategic cooperation, Kerry Logistics Network will be positioned as S.F. Holding’s platform for international business. S.F. Holding and the Company will also collaborate with each other in Greater China to better align their respective businesses. By tapping into different customer segments, S.F. Holding and Kerry Logistics Network will coexist as separate entities in Mainland China, Hong Kong and Macau. The Company will continue to grow its logistics businesses, both in terms of scale and coverage. The partnership is expected to create significant synergies to boost both companies’ growth and leadership in the logistics sector with clear business focuses and complementary strengths to bring value to investors.

    Subsequent to the completion of the proposed transaction, Kerry Logistics Network’s listed status on the Hong Kong Stock Exchange will remain unchanged. The Kerry Group of companies will still hold a significant interest in the Company, which will continue to operate under the “Kerry” names with a clear brand identity and be managed by its current core leadership team across all markets.

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  • Kerry Logistics Network opens chemical logistics centre in Cangzhou, China

    Kerry Logistics Network opens chemical logistics centre in Cangzhou, China

    Kerry Logistics Network Limited (‘Kerry Logistics Network’; Stock Code 0636.HK) has opened a logistics centre in the Cangzhou Lingang Economic and Technological Development Zone in Hebei province, China under Kerry IMS Chemical Logistics to capture the market potential in chemical logistics. The logistics centre was opened and commenced operation on 8 January.

    The Kerry IMS Chemical Cangzhou logistics centre was developed to strengthen Kerry Logistics Network’s service capability in the chemical sector and an important base in Northern China, consolidating the Company’s combined resources in logistics, export industries, an international-standard operating platform and transportation facilities. Located in the proximity of the Tianjin Nangang Industrial Zone, the logistics centre has a total area of 320,000 sq ft, comprising Class A warehouse, Class B warehouse, as well as office facilities, and has the capacity to handle 400,000 tonnes of Class A and Class B chemicals per year. The logistics centre was designed and built above Chinese national standards and is equipped with smart monitoring and management systems. At present, it is handling mainly industrial raw materials, mostly packaged in Intermediate Bulk Containers (IBC), drums and pails. The warehouse will store 38 types of dangerous goods, including flammable liquids and solids, oxidisers and corrosive substances.

    William Ma, Group Managing Director of Kerry Logistics Network, said, “The Kerry IMS Chemical Cangzhou logistics centre is the flagship development in Kerry Logistics Network’s expansion of its chemical logistics business, unleashing its strength as a 3PL in the chemical and dangerous goods market. With this logistics centre, Kerry Logistics Network is confident that it will greatly enhance its service capabilities in chemical and dangerous goods logistics, enriching user experience and service quality to offer growth initiatives to the industry.”

    Edwardo Erni, Managing Director – China and North Asia of Kerry Logistics Network, said, “There is enormous potential and development prospects in the chemical logistics market. The completion and opening of the Cangzhou logistics centre will allow us to provide professional chemical supply chain consolidation services to our customers in the Beijing-Tianjin-Hebei Region. It will give support to our customers’ national and regional framework and consistently optimise supply chain networks to raise the autonomy of the chemical industry supply chain.”

    Leveraging the geographical advantage of the Cangzhou Lingang Economic and Technological Development Zone, the Kerry IMS Chemical Cangzhou logistics centre is supported by Kerry IMS Chemical Logistics’ strong chemical warehousing, long-haul trucking and distribution services and network. Not only can it fulfil the warehousing and transit needs of local chemical companies, but can also provide services to the Hebei, Tianjin, Shanxi and Shandong regions, integrating regional resources and upstream and downstream industries to create a sustainable industry chain. The logistics centre is the implementation of Kerry Logistics Network’s operation strategy of synchronised distribution from the warehouses in Eastern, Southern, Northern and Southwest China, so that the logistics and distribution time nationwide is shortened, ensuring the timely delivery of goods to increase the competitiveness of its customers’ products.

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  • Kerry Logistics wins The Asset Jade Award at The Asset ESG Corporate Awards 2020

    Kerry Logistics wins The Asset Jade Award at The Asset ESG Corporate Awards 2020

    Kerry Logistics Network Limited (‘Kerry Logistics Network’; Stock Code 0636.HK) is pleased to win the newly-established The Asset Jade Award, the highest award category, at The Asset ESG Corporate Awards 2020 (the ‘Awards’), for its outstanding environmental, social and governance (‘ESG’) performance and transparency. Kerry Logistics Network was previously the winner of The Asset Platinum Award for two years in a row. In addition, it has received the Best Investor Relations Team Award for the second consecutive year.

    Apart from being commended for its excellence in ESG standards, commitment and practices, Kerry Logistics Network was lauded for its commitment to safeguarding the environment, employees’ health and safety while fulfilling their social responsibility to the community at large during the COVID-19 pandemic. Its investor relations team was recognised for its excellent day-to-day achievements as well as successful troubleshooting and initiatives in newer arenas such as social media and web-delivered services.

    William Ma, Group Managing Director of Kerry Logistics Network, said, “We are honoured to be distinguished and promoted to the top Jade Award category in its debut year. Despite the disruptions caused by the pandemic, this year we have remained ever committed to protecting our employees’ health and safety and contributing to the communities where we served. The Asset Jade Award is a much-appreciated recognition and encouragement that drives us to redouble our efforts in ESG performance and transparency in our operations going forward.”

    Organised annually by the regional financial magazine The Asset since 2000, the Awards are conferred based on criteria such as financial performance, management, corporate governance, social and environmental responsibility and investor relations. The Awards are the longest running and the most prestigious ESG awards programme in Asia. The Asset Jade Award made its debut this year specifically to recognise ESG performance and transparency over and above that normally accorded to Platinum Award winners.

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  • Kerry Logistics Network Recognised at the Hong Kong Green Awards 2020

    Kerry Logistics Network Recognised at the Hong Kong Green Awards 2020

    Kerry Logistics Network Limited (‘Kerry Logistics Network’; Stock Code 0636.HK) is the proud recipient of the Corporate Green Governance Award – Corporate Leadership at the Hong Kong Green Awards 2020 (the ‘Awards’), recognised for its excellent commitment and outstanding execution in the area of green governance policies and implementation.

    Inaugurated in 2010, the Awards are organised and presented annually by the Green Council to acknowledge companies with exceptional performance and achievements in green procurement, green management, environmental, health and safety management and green governance. It also aims at encouraging companies to increase their environmental considerations and responsibility, and to drive better environmental performance.

    William Ma, Group Managing Director of Kerry Logistics Network, said, “We are very happy to receive recognition for our commitment and efforts to incorporate green initiatives and practices into our governance and operations. With environmental management now becoming an essential and pressing issue, we are eager to fulfil our role as a socially and environmentally responsible corporate citizen, to create value for our shareholders while contributing to a sustainable future.”

    Kerry Logistics Network is dedicated to making its operations greener by managing its emissions, optimising the use of resources and protecting the natural environment and ecosystems that we rely on. Guided by its environmental policy, Kerry Logistics Network endeavours to minimise its environmental footprint by reducing air and GHG emissio

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  • Kerry Logistics Network honoured with Bloomberg Businessweek ESG Leading Enterprises

    Kerry Logistics Network honoured with Bloomberg Businessweek ESG Leading Enterprises

    Kerry Logistics Network Limited (‘Kerry Logistics’; Stock Code 0636.HK) has been honored as the recipient of the ESG Leading Enterprises 2020 Award (the ‘Award’), organized by Bloomberg Businessweek/Chinese Edition and co-presented by Deloitte, for the second year in a row. Kerry Logistics won in the category of enterprises with a market capitalization of over HK$20 billion.

    Inaugurated in 2019 by international business publication Bloomberg Businessweek/Chinese Edition in collaboration with Deloitte, the Award aims at recognizing exceptional enterprises that thoroughly integrate Environmental, Social, and Governance (‘ESG’) goals and activities into their development strategies with remarkable business performance and growth. The Award comprises two categories, namely, the “ESG Leading Enterprises” Award and the “Leading ESG Initiative” Award.

    William Ma, Group Managing Director of Kerry Logistics Network, said, “We are delighted to receive the award, which is a recognition of our persistent commitment to upholding ESG governance standards. As a socially responsible global company, Kerry Logistics values our ESG performance in the way our company is run and in our operations around the world. ESG issues now form part of our essential considerations when we devise our development strategies, and we have been actively following the ESG systems in place in key business decisions. We will continue to play our part in contributing to environmental sustainability and corporate social responsibility in our pursuit of long-term business growth.”

    Kerry Logistics strives to make its operations greener through managing emissions, optimizing the use of resources, and protecting the natural environment and ecosystems that we all rely on. It continues to strengthen the sustainability of its supply chain performance by building a collaborative and “win-win” relationship with suppliers.

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  • Kerry Logistics crowned the winner of the CILT Award 2020 Enterprise Award for Service Excellence

    Kerry Logistics crowned the winner of the CILT Award 2020 Enterprise Award for Service Excellence

    Kerry Logistics Network Limited is delighted to be crowned the winner of the CILT Award (the ‘Award’) 2020 – Enterprise Award for its outstanding service.

    Organised biennially by the Chartered Institute of Logistics and Transport in Hong Kong (‘CILTHK’) to recognise professional excellence and promote the best practice of transport and logistics, the Award is categorised into two streams – the Enterprise Award and the SME Award. A five-member judging panel, consisting of industry practitioners, academics and professionals, presided over the assessment to laud service excellence. The awardees were selected based on seven criteria, namely, customer satisfaction, achieving United Nations Sustainable Development Goals, infrastructure, innovation, operational effectiveness, quality management and risk management & control.

    William Ma, Group Managing Director of Kerry Logistics Network, said, “We are very excited to win this award. CILTHK is a renowned organisation that has been making great contribution to the development of professionals for the logistics and transport industry in Hong Kong. While we celebrate this honour, we also feel a sense of responsibility and pride in our job as a logistics service provider, at a time when the global supply chain is facing unprecedented chaos. Logistics demands are coming from all quarters, and the role that the logistics industry plays in supporting everyday lives is more important than ever. It is a role that Kerry Logistics is equipped and ready to play well.”

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  • Kerry Logistics Network scores repeat wins at the Frost & Sullivan Asia Pacific Best Practices

    Kerry Logistics Network scores repeat wins at the Frost & Sullivan Asia Pacific Best Practices

    Kerry Logistics Network Limited has been conferred the titles of the Frost & Sullivan Asia Pacific Best Practices Awards (the ‘Awards’) for the fourth consecutive year, winning the “2020 Asia-Pacific Logistics Services Provider of the Year Award” and the “2020 Asia-Pacific Road Transportation Services Provider of the Year Award”. The Awards were presented last night in a virtual ceremony.

    Organized annually by global business consulting firm Frost & Sullivan, the Awards recognize outstanding achievements in the Asia Pacific covering various sectors. The recipients are selected through a rigorous measurement-based methodology that encompasses industry trends analysis and research interviews, according to parameters including revenue growth, market share in specific category and growth in market share, demonstrated leadership in new product introduction and innovation, breadth of products and solutions, major customer acquisitions, subscribers and growth in subscriber base and business/market strategy.

    William Ma, Group Managing Director of Kerry Logistics, said, “We are thankful to the organizer for recognizing our dedication and achievements over the years. The accolades are a testament to our commitment to industry best practices and our strengths as one of the very few Asia-based global logistics companies. While the global economic outlook is overcast by uncertainties, we are confident that we will leverage our extensive geographical coverage, solid presence in various markets, and diversified business segments to continue serving our customers well.”

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  • Kerry Logistics Network’s subsidiary Kerry Apex ranked number one NVOCC from Asia to the US

    Kerry Logistics Network’s subsidiary Kerry Apex ranked number one NVOCC from Asia to the US

    Kerry Logistics Network Limited is pleased to announce that Kerry Apex, its indirect wholly-owned subsidiary, was the number one non-vessel operating common carrier (‘NVOCC’) from Asia to the US from January through July 2020, supported by a well-positioned team in Southeast Asia to capture the export volume shift from China to Asia.

    Kerry Apex was the third-largest NVOCC in terms of volume from Asia to the US in 2019. In the first seven months of 2020, Kerry Apex outperformed the market by recording a 6% growth in volume against the market trend of a 7% contraction in the same period.

    Kerry Apex shot to the top spot through capturing the volume shift from China to Southeast Asia by a strong regional team perfectly situated to handle the volume surge, earning additional origin-controlled shipments and winning new customers, on top of the increased demand from existing customers who restocked their inventory. Kerry Apex was also able to build on its long-standing relationships with ocean-carrier partners who helped it to secure the space needed to move its customers’ freight from Asia to the US. Kerry Apex’s achievement was made possible by the tremendous support from within Kerry Logistics’ global network both in origin and destination.

    Vicky Cheung, Executive Director of Kerry Logistics Network, said, “We are gratified to see that the efforts of our team in Southeast Asia and the relationships we have built with our partners have paid off. While the protracted US-China trade war and the as-yet-uncontained COVID-19 pandemic are clouding the horizon, we are confident that we will maintain our leading position in ocean freight for the rest of 2020.”

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