Kerry Logistics acquires Apex Maritime
Kerry Logistics recently completed its US acquisition of a majority stake in Apex Maritime and its affiliated companies (‘APEX’). Headquartered in South San Francisco, APEX was founded in 1990 and is the top three NVOCC (Non-vessel Operating Common Carrier) ranked by Asia to US import volumes in 2015 according to Datamyne reports. The move is part of Kerry Logistics’ long-term international freight forwarding (‘IFF’) strategy to expand its sales network and coverage worldwide.
With over 20 years of experience in the industry, APEX specialises in trans-Pacific trade lanes and handled over 270,000 TEUs in 2015. The increased capacity through this partnership means more options, expanded geographies and better cost optimisation for customers of both companies. Kerry Logistics’ international customers now have a dedicated sales team on the ground to look after their business in the US market, as well as gaining complete supply chain visibility from origins to destinations; and APEX’s diverse base of customers now have access to a global network with enhanced service offerings and solid logistics support across Asia.
The expansion of global presence will better position Kerry Logistics to strengthen its international service capabilities and to seize business opportunities in a way to benefit its core operations in Asia.