Monday, January 7, 2013

Freight and Logistics Groups Expand as Forwarding and Heavy Lift Competitor Collects 3PL Award

Vietnam Becoming a Key market for Shippers and Agents
Shipping News Feature

VIETNAM – Asian head-quartered freight group Kerry Logistics has continued its programme of expansion in the region with a new joint venture by securing a majority stake in Tin Thanh Express whilst Ceva Logistics has taken a similar line with long time partner, Indo Trans Logistics (ITL) Group. Meanwhile in other Vietnam news, Geodis Wilson, the freight forwarding and heavy lift division of the Geodis Group has once again won a prestigious supply chain award.

Based in Hanoi, the new Kerry joint venture company, to be known as Kerry TTC Express, will aim to offer integrated logistics solutions across the country. Rosa Du, Chairman of Kerry TTC Express said:

“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,”

TTC Express is a privately run express company with operations in more than 60 cities in Vietnam offering a comprehensive range of services including courier, less than truckload (LTL), full truckload (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.

For its part CEVA’s presence in Vietnam dates back over 12 years where it began as a representative office with limited function offering Freight Management services. With this new entity, the company will be able to grow in geography and customer base, offer end-to-end integrated supply chain services and strengthen its capabilities to serve customers, both existing and new, more effectively.

ITL Group is a market leader in transportation logistics and freight forwarding in Vietnam and Indochina. The company was set up in 1999 and has since grown to be one of the Top 500 private companies in Vietnam for the last five years. The new joint venture, named CEVA Logistics (Vietnam) Co. Ltd, allows CEVA to have a stronger presence in Vietnam with its local head office in Ho Chi Minh City. Nelson Chow, CEVA’s Managing Director for Vietnam said:

“This is an exciting time for CEVA in Vietnam despite the global macroeconomic situation. The set up of a fully operational entity in Vietnam realizes our long term vision to establish a strong CEVA presence and service offerings for our customers’ needs in Vietnam and in Indochina. Our goal is to develop CEVA as a supply chain provider of choice in the market.”

For Geodis Wilson it was the second consecutive year the company has been chosen as the best third party logistics (3PL) company at the annual Vietnam Supply Chain Awards ceremony held last month in Ho Chi Minh City. Benoit Brule, Geodis Wilson’s National Sales Manager, Vietnam, reiterated how important this fledgling market has become saying:

“It is a great credit to us and to all who work in providing 3PL services to our customers that we have been honoured by this award. Vietnam is an important and fast-growing market for us, and qualities such as technological innovation, flexibility and adaptability are essential factors in the delivery of services for our customers. I am very pleased that these qualities have been recognised in our service.”

Photo: Haiphong Port Vietnam