Vietnam – 7 January2013 Kerry Logistics, a leading global logistics service provider, through the group’s affiliates and a local alliance, further expanded its network in Vietnam by securing a majority stake in Tin Thanh Express, a leading express company, to offer integrated logistics solutions across the country.
The new JV company, Kerry TTC Express will combine the global logistics expertise and the international freight network of Kerry Logistics with the local competence and connections of TTC Express – where customers in Vietnam will now have access to ‘one-stop-shop’ logistics solutions and a globally integrated network.
“Vietnam is one of the fastest growing economies in Asia, we recognised that TTC Express is a market leader in its field. The new joint venture means that our customers will now be able to access a complete range of freight and logistics services in Vietnam, across Asia and around the world,” said Rosa Du, Chairman, Kerry TTC Express.
Headquartered in Hanoi, TTC Express is a privately run express company with operations in more than 60 cities in Vietnam. It offers a comprehensive range of services including domestic nationwide next-day express delivery, courier, LTL, FTL, line haul as well as international express. Its three major hubs are strategically located in Hanoi, Ho Chi Minh City and Da Nang where cargo and packages are sorted, consolidated and delivered by air and road freight. Together with a truck fleet of more than 160 vehicles, the company is handling over 10,000 shipments every day.
This joint venture is strategically positioned for continued growth in Vietnam Kerry TTC Express will combine the respective strengths of both partners and enable the delivery of a comprehensive suite of supply chain solutions to both multinational and local corporations.
About Kerry Logistics
Kerry Logistics is Asia’s premier logistics service provider with a strong focus on China. Based in Hong Kong, Kerry Logistics has offices in 32 countries and regions with 19,000+ employees and a transportation fleet of 8,000+ vehicles. Its core business encompasses integrated logistics, international freight forwarding and supply chain solutions. By owning and managing more than 3.5m sq. of logistics facilities, it provides customers with reliability and flexibility to support their future expansion and long-term growth. Kerry Logistics Network Limited is a wholly owned subsidiary of the Hong Kong-listed Kerry Properties Limited.