Kerry Logistics Creates CPEC Subsidiary
Logistics and supply chain company Kerry Logistics will try to tap into the business opportunities offered by the China-Pakistan Economic Corridor (CPEC), by creating a new subsidiary in Pakistan, according to a statement.
The new subsidiary will focus on air and ocean freight, as well as cross-border road freight to Afghanistan and China. There will also be an emphasis on project logistics and inland trucking services.
Positioning itself in Pakistan puts Kerry Logistics in the middle of CPEC, the biggest leg of China’s Belt and Road Initiative (BRI), the biggest infrastructure redevelopment project in history that’s estimated to cost Beijing approximately USD $900 billion.
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Robert Tan, Managing Director of Kerry Logistics, commented on the new subsidiary and the opportunities offered by the increasing levels of trade in South and Southeast Asia: “We are extremely excited about the economic development of Pakistan in the past five years.
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“Kerry Logistics is committed to developing an overland transportation network for road, rail and intermodal freight services in Asia.
“Riding on the immense opportunities brought on by the establishment of the CPEC, we will leverage our extensive international freight forwarding network and expertise in rail and road freight to provide end-to-end and cost-effective multimodal solutions for customers across the region."