HONG KONG, June 11, 2018 - (Media OutReach) - Kerry Logistics Network Limited ('Kerry Logistics'; Stock Code 0636.HK) continues to deepen its rail and road freight capabilities by launching new cross-border rail and trucking services, from China through Kazakhstan to Caucasus and Turkey. Leveraging the company's existing presence in Armenia, Azerbaijan, and Georgia in Caucasus, Kerry Logistics is well positioned to capture the growing trades in new markets in the region and Europe.
Starting from Lianyungang, the well-known bridgehead of the New Eurasian Land Bridge in China, the new westbound rail freight service will bring shipments across Kazakhstan and Caspian Sea to multiple destinations in Turkey through the newly-bulit Baku-Tbilisi-Kars railway. To offer greater flexibility to customers with different volume needs, both block train and single wagon services are being offered. With a transit time of 18-20 days, the main products to be moved by the new cross-border services will include electronic parts, electrical appliances, minerals, auto parts, and other industrial goods.
In addition to the rail freight service, trucking service along the same trade route from China to Caucasus and Turkey has also been launched with an addition of 50 trucks to the company's existing fleet. With a transit time of around 12-14 days, this will provide an alternative solution for customers who look for a faster way of getting their cargoes to the destinations.
Edwardo Erni, Managing Director - China & North Asia of Kerry Logistics, said, "We are excited about the launch of this new cross-border service. With our rail freight and trucking capabilities extending their reach to the strategic locations of Turkey and Caucasus, we will be able to grasp the immense market opportunities presented by the Belt and Road initiative with our enhanced position in the region."
Kerry Logistics was the market pioneer to complete the first westbound charter freight from Yiwu, Eastern China to Madrid, Spain in August 2016. It has also set foot on the first eastbound freight train from London to Yiwu in April 2017. The company will continue to develop under the Belt and Road initiative and further its commitment to developing an overland transportation network for road, rail, and multimodal freight services from China to Central Asia and Europe.
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. It currently has more than 1,000 service points in 55 countries and territories, and is managing 52 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 2017-2018.
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June 11, 2018 13:55 HKT/SGT
Topic: Press release summary
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