KLN (company)
KLN Logistics Group Limited, formerly Kerry Logistics, is a listed company on the Hong Kong Stock Exchange and is a constituent of the Hang Seng Corporate Sustainability Benchmark Index.
KLN is an Asia-based, global 3PL with a global presence across 59 countries and territories, including the Mainland of China, India, Southeast Asia, the CIS, Middle East, LATAM and other locations. The group engages in supply chain solutions from integrated logistics, international freight forwarding and e-commerce to industrial project logistics and infrastructure investment.
KLN is headquartered in Kwai Chung, Hong Kong. As of 2020, the company managed of logistics facilities globally, with a fleet of 10,000+ self-owned vehicles operating in 59 countries and territories.
History
Before incorporation, its first established warehouse in Hong Kong was built in 1981. By 1991, the Group had five warehouses and acquired one warehouse with an aggregate GFA of approximately. The company was established in 1991. In 1999, they opened their flagship logistics facility, Kerry Cargo Centre, a multi-storey combined logistics facility and global HQ office.The company name was changed to "Kerry Logistics Network Limited" in 2000, the same year they began to provide truck freight services to warehousing customers. International freight forwarding operations also began shortly after in Hong Kong through the acquisition of Kerry Freight Limited.
KLN was listed on 19 December 2013, raising over US$280 million, as a spin-off of Kerry Properties Limited.
As of 2016, Kerry Logistics owned 12 logistics facilities in Hong Kong with a total GFA of.
The Group generated a revenue of over HK$53 billion in 2020 and is the largest international logistics company listed on the Hong Kong Stock Exchange as well as a selected Member of the Hang Seng Corporate Sustainability Index Series 2020–2021.
The parent company of SF Express, SF Holding, has acquired a 51.8% stake in KLN, for HKD 17.6 billion in 2021.
The company announced the rebranding from Kerry Logistics to KLN in March 2025, and will gradually phase out the use of its Chinese name in favor of "KLN".
International operations
Mainland China
In 2003, in collaboration with a joint venture partner, the first logistics centre in China was developed. In 2005, the China division acquired a 70% equity interest in EAS, and the new joint entity was renamed Kerry EAS Logistics. EAS, a Chinese state-owned enterprise, was one of the leading domestic freight and warehousing entities in China at the time.As of the end of 2016, KEAS managed approximately of self-owned logistics facilities and approximately of leased logistics facilities in China. The revenue in Mainland China was HK$8 billion, or about 38% of the total group revenue.
A joint venture was formed between SF Holding and KLN in 2023 to provide ground handling services for international cargo at Ezhou Huahu International Airport.
Taiwan
In 2004, KLN commenced freight forwarding operations in Taiwan. In 2008, they acquired an initial equity interest in Kerry TJ Logistics, previously named "T. Join Transportation Co., Ltd". As of the end of 2016, KLN held a total equity interest of approximately 49.67% in Kerry TJ Logistics.Kerry TJ Logistics is a major logistics service provider in Taiwan whose shares have been listed on the Taiwan Stock Exchange since 1990. It has an extensive distribution network supported by a fleet of more than 3,000 trucks.
Southeast Asia
KLN's business in ASEAN started in 2002, with both integrated logistics and international freight forwarding operations in Thailand. In 2003, KLN completed the development of a logistics centre, with a total GFA of approximately, in Thailand's largest sea port in Laem Chabang, south of Bangkok. In 2004, KLN acquired an initial equity interest in Kerry Siam Seaport Limited. As of 2013, KLN holds 79.52% interest in Kerry Siam Seaport Limited. Kerry Siam Seaport Limited operates Kerry Siam Seaport, a multi-purpose port terminal located near Laem Chabang.As of 2013, KLN managed approximately of completed self-owned facilities and approximately of leased facilities in Thailand where Kerry Logistics trades as Kerry Express.
Since 2004, KLN has continued to expand into other ASEAN countries by establishing international freight offices in Singapore, Malaysia, Indonesia, Cambodia, the Philippines, Vietnam and Myanmar.
In March 2024, KLN completed the distribution of its entire shares of KEX Express Public Company Limited, a public company with limited liability registered in Thailand and listed on The Stock Exchange of Thailand, in the form of special dividend to Shareholders, and KEX Express Thailand ceased to be a subsidiary of KLN.