Hong Kong’s Kerry Logistics has acquired a majority stake in express company Tin Thanh Express (TTC Express) of Vietnam to expand its network in the country.
The new joint-venture company, Kerry TTC Express, will combine the international freight network of Kerry Logistics with the local connections of TTC Express to provide one-stop-shop logistics service.
“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,” said Rosa Du, chairman of Kerry TTC Express.
Hanoi-based TTC Express has three major hubs located in Hanoi, Ho Chi Minh City, and Da Nang, and operates in more than 60 cities in Vietnam. It offers nationwide next-day express, courier, LTL, FTL, line haul, and international express services.
