Oct 17, 2017

Kerry Logistics buys 50% stake in Lanzhou Pacific Logistics Kerry Logistics Network has purchased 50% stake in Chinese firm Lanzhou Pacific Logistics (LPL), as part of its efforts to expand rail freight operations. Kerry, along with LPL’s another shareholder China Railway Container Transport Company (CRCTC), will manage and operate the logistics company. The company has invested in the logistics business to further expand rail freight and multimodal services under the China’s belt and road initiative. Established in 2002, LPL offers intermodal brokerage services across China and Central Asia including Uzbekistan, Kazakhstan and Russia. With the support of CRCTC rail network in China, LPL has covered more than 100 cities through rail freight network to offer container freight stations and domestic door-to-door logistics services. LPL provides services to customers in various industries, including non-ferrous metals, chemicals, auto parts, agriculture, and building materials Kerry Logistics group managing director William Ma 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.” In April, Kerry Logistics started the rail service between China and UK to provide better services for the customers. The company started the first eastbound freight train from London to Yiwu under one belt one road initiative, helping to expand rail freight and multimodal services. The train, which will travel around 7,500 miles, will cross nine countries such as France, Belgium, Germany, Poland, Belarus, Russia and Kazakhstan to reach China. Image: Kerry Logistics has acquired 50% interest in Chinese firm Lanzhou Pacific Logistics. Photo: courtesy of PinkBlue / FreeDigitalPhotos.net. Share: