Kerry Logistics subsidiary Kerry Apex is top NVOCC from Asia to the US
HONG Kong's Kerry Logistics Network announced that Kerry Apex, its indirect wholly-owned subsidiary, was the number one non-vessel operating common carrier (NVOCC) from Asia to the US from January through July 2020, supported by a well-positioned team in Southeast Asia to capture the export volume shift from China to Asia
23 August 2020 - 19:00
Kerry Apex was the third largest NVOCC in terms of volume from Asia to the US in 2019. In the first seven months of 2020, Kerry Apex outperformed the market by recording a 6 per cent growth in volume against the market trend of a 7 per cent contraction in the same period, a company statement said.
Kerry Apex shot to the top spot through capturing the volume shift from China to Southeast Asia by its strong regional team perfectly situated to handle the volume surge, earning additional origin-controlled shipments and winning new customers, on top of the increased demand from existing customers who restocked their inventory.
Vicky Cheung, executive director of Kerry Logistics Network, said: 'We are gratified to see that the efforts of our team in Southeast Asia and the relationships we have built with our partners have paid off. While the protracted US-China trade war and the as-yet-uncontained Covid-19 pandemic are clouding the horizon, we are confident that we will maintain our leading position in ocean freight for the rest of 2020.'
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