Logistics
CEVA Logistics signs deal to acquire Borusan Tedarik, expand in Turkey
CEVA Logistics signs deal to acquire Borusan Tedarik, expand in Turkey
UPS boosts healthcare logistics offering with Andlauer acquisition
KLN opens new Netherlands logistics facility to meet e-commerce demand
DHL temporarily halts B2C shipments over US$800 to the US
DSV’s US$16B acquisition of DB Schenker to close on April 30
Hongkong Post halts US parcel shipments amid end of ‘de minimis’ exemptions
DHL Supply Chain launches new pharma hub in Singapore
India ends transshipment facility for Bangladesh exports
DHL delivers world’s first mobile heart clinic in Burundi
EU greenlights DSV's planned acquisition of DB Schenker
DHL to invest EUR500M in Asia Pacific to boost health logistics
DB Schenker APAC and Neste signs MoU on renewable diesel use
Mongolia ratifies agreement for cross-border railway with China
DHL partners with Chinese ecommerce giant TEMU
Emirates launches Emirates Courier Express, an end-to-end delivery service
FedEx expands self-collection network in Hong Kong with Hongkong Post
U.S. ends “de minimis” exemptions for low-cost shipments from China, Hong Kong
Maersk's APM Terminals acquires Panama Canal Railway Company
DHL acquires Cryopdp to strengthen its health logistics
DHL partners with Esyms for medicine distribution in Malaysia
Kerry Logistics rebrands as KLN; reports profit rise in 2024
deugro appoints Steffen Behrens as new chief commercial officer
SC Port's Inland Port Greer expands capacity by 50%
DHL transports 17 endangered Mountain Bongo antelopes from Florida to Kenya
Hong Kong exporters remain positive despite growing trade tensions
UN agencies express grave concern over increased satellite interference
Finnair, DB Schenker partner to reduce GHG emissions for cargo transport
Kuehne+Nagel boosts Asia growth with enhanced Thailand LCL solution
Kazakhstan aims to boost cargo transit via the Middle Corridor
Industry urged to accelerate warehouse modernisation, automation – Zebra
GEODIS ramps up sustainability efforts with a nnew biofuel truck fleet in the UAE
Trump halts Canada, Mexico tariffs again for another month
CK Hutchison sells int'l ports business to BlackRock, MSC for US$22.8B
Alibaba, Maersk partner on container shipping services
Kuehne+Nagel bags Sanofi fulfilment services in Türkiye
Neutral Air Partner launches NAPay with CargoWALLET
HKIA accelerates investments in infrastructure, digitalization
DHL moves to grab larger slice of returns
Software provider opens door for airline premium ecommerce service
Hactl sees cargo boost from Hong Kong’s new three-runway system
Kuehne+Nagel inaugurates Rolls-Royce engine fulfilment centre in Dubai
DHL eCommerce forays into Saudi Arabian market with AJEX stake acquisition
Port Klang launches Kale's Malaysia Maritime Single Window
Kerry Logistics, POSCO Group team up to boost steel logistics in Thailand, SEA
Air cargo adjusting to looming de minimis changes
ONE, Yusen Logistics partner on sustainable shipping solutions
DP World Sokhna handles inaugural vehicle export
World trade growth revised down for 2025-2026
New freight train route links China's Chongqing with Afghanistan
Asia-Pacific logistics rents slow sharply in 2024 – Knight Frank
DHL: Multi-shoring beyond “China Plus 1” on the rise
Trump delays “de minimis” suspension for Chinese imports
Asia Airfreight Terminal, SATS HK forge partnership with DHL
DHL, Neste to tighten collaboration to reduce logistics emissions
USPS reverses course, lifts suspension of parcels from Hong Kong and China
US Postal Service temporarily suspends incoming parcels from China, Hong Kong
ONE, LX Pantos announce intermodal transport joint venture
FedEx accelerates delivery of import shipments to Johor, Malaysia
DHL Express sign first SAF procurement in Asia with major deal in Japan
DHL, Nippon Cargo Airlines charter semiconductor equipment to Hokkaido
DP World, NSW Ports invest A$400M to expand rail capacity at Port Botany
KERRY INCREASES INDEV STAKE TO 50%
April 14, 2016
Kerry Logistics has signed a memorandum of understanding with Indev Logistics to raise its stake in the Chennai-based company from 30% to 50%.
According to Kerry, INDEV is to be rebranded as Kerry-INDEV Logistics.
George Yeo, chairman of Kerry Logistics [third from right in photo], said that his company has always held an optimistic view of India’s potential.
“Kerry Logistics’ strength in providing customized supply chain solutions to different industries and INDEV’s strong presence and network in India make Kerry-INDEV Logistics a strong pan-Indian combination which we hope can make a contribution to the country’s growth and development,” said Yeo at a ceremony held in New Delhi. “India has become one of the fastest-growing economies in Asia. We see the introduction of Goods and Services Tax and the current campaign to ‘Make in India’ as being very positive for the quantitative and qualitative expansion of the logistics industry.”
