Kerry Logistics Posts ​Double-Digit Growth

Core Operating Profit Up 11 percent

Transport services firm Kerry Logistics Network reported double-digit growth in turnover for 2018, driven by strong performance in its integrated logistics division.

Core operating profit rose 11 percent as the group reported buoyant conditions in its core markets of Hong Kong, Thailand and Taiwan. The China-U.S. trade dispute disrupted operations in Mainland China, however with a 12 percent drop in 2018.

“Looking ahead, we see three major trends affecting global logistics: First, China’s market will continue to grow and become the biggest in the world … Second, strategic rivalry between China and the U.S. will continue for years to come and disrupt existing global supply chains ... Third, technology is steadily disrupting all aspects of the logistics industry,” said George Yeo, Chairman of Kerry Logistics.

Kerry Logistics is headquartered in Hong Kong and operates across greater China and the ASEAN region and employs more than 32,000 staff worldwide.

Photo: Kerry Logistics vehicle. Credit: KLN