Kerry Logistics Expands Multimodal Freight Network
Kerry Logistics Network Limited continues to enhance its services and network under the Belt and Road initiative by entering into a joint venture through participating in the equity of Globalink Logistics DWC LLC, a freight forwarding group headquartered in Dubai with operations spanning across the Commonwealth of Independent States (CIS).
The move will significantly expand Kerry Logistics’ coverage in Central Asia and the CIS, opening the door to potential markets with tremendous growth prospects.
The partnership will see nine countries added to Kerry Logistics’ global network. They include Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan, Turkmenistan, Georgia, Armenia, Azerbaijan and Ukraine. Leveraging the booming trade between China and Europe, Kazakhstan, in particular, is expected to benefit most from the increasing transit cargo flow along the trade lanes.
“We are very excited about this joint venture, which is part of our development strategy to tap into the immense opportunities from the Belt and Road Initiative,” said William Ma, Group Managing Director of Kerry Logistics. “The new partnership will allow the two groups to leverage each other’s competitive strengths and provide new options and cost-efficient multimodal solutions to our customers with greater flexibility and access to the strongest network in Asia.”
The move came at the heels of Kerry Logistics’ launch of its rail freight operations between China and Europe. The Group was the market pioneer to complete the first westbound charter freight from Yiwu, Eastern China to Madrid, Spain in August 2016; while the first UK-China eastbound freight train from London to Yiwu commenced its journey in April 2017.
“While we will continue to develop an overland transportation network for road, rail and multimodal freight services from China to Central Asia and Europe,” said Ma, “we will also build upon our expertise in project logistics within our global network to exploit new business opportunities.”
Kerry Logistics is an Asia-based, global 3PL specializing in providing customized solutions to multinational corporations and international brands to enhance their supply chain efficiency, reduce costs and improve response time to market. It currently has more than 1,000 service points in 51 countries and territories, and is managing 46 million square feet of land and logistics facilities worldwide.
Established in 1994, Globalink is one of the leading international freight forwarding, project logistics management, and relocation companies in the CIS and the Middle East. The company operates in 10 countries and 18 cities in those regions.