HONG KONG, CHINA - Media OutReach - 18 August 2020 - Kerry
Logistics Network Limited ('Kerry Logistics'; Stock Code 0636.HK) 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.
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.
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.
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."
About Kerry Logistics Network Limited (Stock Code 0636.HK)
Kerry Logistics is an Asia-based, global 3PL
with the strongest network in Asia. Its core competency is providing highly
customised solutions to multinational corporations and international brands to
enhance their supply chain efficiency, reduce overall costs and improve
response time to market. Kerry Logistics has a network covering 57 countries
and territories, and is managing 75 million sq ft of land and logistics
facilities worldwide, providing customers with high reliability and flexibility
to support their expansion and long-term growth. Kerry Logistics Network
Limited is listed on the Main Board of the Hong Kong Stock Exchange and is a
selected Member of the Hang Seng Corporate Sustainability Index Series 2019-2020.