( – FocusAsia Media Ltd

BEIJING, Jul 13 (FAM) – Kerry Logistics is to acquire 50% ownership of Lanzhou Pacific Logistics (LPL) in its latest strategic step into rail freight and multimodal services.

As the new shareholder and joint venture partner, Kerry Logistics said it would “join hands with” another shareholder of LPL, China Railway Container Transport Company (CRCTC), in the management and operations of LPL.

“The investment marks another strategic step in advancing Kerry Logistics’ expansion into the rail freight and multimodal services under the ‘Belt and Road’ Initiative,” Kerry said.