Kerry Logistics has acquired 50% of Lanzhou Pacific Logistics (LPL), expanding its rail and multimodal services across China and Central Asia.
Founded in 2002, LPL specialises in intermodal brokerage services across China and Central Asia including Uzbekistan, Kazakhstan and Russia. LPL’s Chinese rail freight network covers more than 100 cities and provides container freight stations and domestic door-to-door logistics services. Its major clients come from the non-ferrous metals, chemicals, auto parts, agriculture, and building materials industries.
William Ma, Group Managing Director of Kerry Logistics, said: “This acquisition will enable us to draw on the vast opportunities created by the Belt and Road Initiative. Not only will it further strengthen our rail freight capability throughout China and Central Asia, but also allow us to consolidate our expertise in project logistics within our global network.”
“It will additionally strengthen the rail and road network we have established in The Commonwealth of Independent States through our new joint venture. By constructing an integral multimodal freight chain that connects China, Central Asia and Europe, we are committed to providing new options and cost-competitive intermodal solutions to our international customers,” he added.
Kerry Logistics was the first logistics provider to complete a westbound charter freight shipment from Yiwu, Eastern China to Madrid, Spain in August 2016. It also managed the first eastbound freight train from London to Yiwu in April 2017.
Source: Kerry Logistics
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