Kerry Logistics has entered into a joint venture with Globalink Logistics DWC LLC, a freight forwarding group headquartered in the United Arab Emirates with operations spanning across The Commonwealth of Independent States (CIS). The joint venture forms part of the company’s efforts to enhance its services and network under the ‘Belt and Road’ initiative. It is expected to significantly expand Kerry Logistics’ coverage in Central Asia and the CIS.
The partnership sees nine countries added to Kerry Logistics’ global network. They include Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan, Turkmenistan, Georgia, Armenia, Azerbaijan and Ukraine.
William Ma, Group Managing Director of Kerry Logistics, said, “We are very excited about this joint venture, which is part of our development strategy to tap into the immense opportunities from the Belt and Road Initiative. The new partnership will allow the two groups to leverage each other’s competitive strengths and provide new options and cost-efficient multimodal solutions to our customers with greater flexibility and access to the strongest network in Asia.”
The move follows Kerry Logistics’ launch of its rail freight operations between China and Europe. The company launched its first westbound charter freight from Yiwu, Eastern China to Madrid, Spain in August 2016; while the first UK-China eastbound freight train from London to Yiwu commenced its journey in April 2017.
Source: Kerry Logistics
