Kerry Logistics and Correos establish joint venture

Kerry Logistics

Kerry Logistics and Spain’s national postal service, Correos, have entered into a joint venture to provide end-to-end cross-border e-commerce solutions from China to worldwide destinations, in which Kerry Logistics holds a majority interest.

The joint venture is set to leverage Kerry Logistics’ knowledge in origin sortation, line haul and customs clearance and Correos’ knowledge in postal and commercial solutions.

According to China’s General Administration of Customs, cross-border e-commerce exports from China recorded a 67% year-on-year increase in 2018, amounting to CNY 56.12bn (€7.3bn).

Under the new joint venture, a sortation centre will be set up in Southern China. It will be equipped with an automated sorting system and stringent parcel screening and security controls to ensure speedy parcel handling and full compliance. The facility, targeted to open in late 2019, will occupy an area of over 200,000 sq ft and have an initial sorting capacity of 500,000 parcels per day.

William Ma, Group Managing Director of Kerry Logistics, said, “The JV combines the diverse capabilities of its two partners, each complementing the other to refine the process of e-commerce parcels handling and deliveries. As China’s cross-border e-commerce exports grow, we are determined to prepare ourselves for seizing emerging opportunities. Utilising our deep understanding of customers’ needs both in China and abroad, Kerry Logistics is confident in meeting the rapidly growing international demands through working closely with Correos.”

Source: Kerry Logistics