CEVA expands rapid LTL
CEVA Logistics has expanded its rapid LTL (Less-than-truckload) services from China to South East Asia. The service is designed to serve customers who do not have sufficient volumes to support Full Truckload Shipments (FTL). Emerging small to medium enterprises (SMEs), large local companies (LLAs) and multinational corporations will all benefit from this new service. Through […]
Kerry open chemical logistic centre in China
Kerry Logistics Network Limited has opened a logistics centre in the Cangzhou Lingang Economic and Technological Development Zone in Hebei province, China to capture the market potential in chemical logistics. The Kerry IMS Chemical Cangzhou logistics centre was developed to strengthen Kerry’s service capability in the chemical sector. Located in the proximity of the Tianjin […]
ECU increase South Korea presence
ECU Worldwide has entered into a Joint Venture with its agent partner Uni Logistics Systems (ULS) to strengthen presence with its own office in South Korea. After two decades of partnership, the two companies will now operate together as ECU Worldwide Korea Co Ltd. Effective January 1, 2021, backed by the leadership of Mr.H.H Lee […]
Cathay Pacific launches freighter service to Riyadh
Cathay Pacific Cargo has launched a new scheduled freighter service between Hong Kong and Riyadh (RUH) which started 5th January 2021. Flights will operate once per week every Tuesday with a stopover in Dubai (DWC). The airline has seen a growing demand for air cargo flights between Saudi Arabia and Hong Kong (HKG), a leading […]
Global air cargo volumes on the rise
Despite no traditional peak season for global air cargo demand in Q4 2020, the year ended on a ‘relative high’ in December with the first positive year-on-year growth in weekly volumes in over 12 months, according to the latest industry statistics from analysts CLIVE Data Services and TAC Index. Volumes in the period 21 December […]
Turkish Cargo help vaccines take flight
Turkish Cargo has carried the first batch of the Covid-19 vaccines (Sinovac), procured from China by the Ministry of Health, to Turkey. Loaded inside 17 containers equipped with dedicated cooling systems, Covid-19 vaccines are delivered to the officials of the Turkey’s Ministry of Health after having been successfully transported from Beijing to Ankara via a […]
CEVA Rolls Royce warehouse achieves “showcase status”
The 65,000 sq metre assembly site in Singapore which CEVA Logistics operates on behalf of Rolls-Royce has been awarded showcase status within CEVA’s global network. Around the world within the logisticians’ operations, less than 30 sites have achieved this prestigious award requiring facilities to meet stringent requirements before qualifying as a showcase site. The Singapore […]
Kerry completes subsidiary spin-off Kerry Express Thailand
Kerry Logistics Network Limited has announced that it has completed the spin-off of its subsidiary, Kerry Express Thailand, which commenced trading on the Stock Exchange of Thailand today. KETH remains a subsidiary of Kerry Logistics Network after the spin-off. The price of KETH’s initial public offering of 300 million shares was fixed at the upper […]
Kerry develop their Chinese infrastructure
Kerry Logistics Network Limited have announced the development of a bonded logistics centre in the Haikou Integrated Free Trade Zone (‘Haikou FTZ’) in the Hainan Free Trade Port (‘Hainan FTP’) to support the Chinese government’s new policy. The 50,000 sq m (538,200 sq ft) facility, expected to complete in 2023 Q1, will contain 10,000 sq […]
IATA: Peak season gets off to a slow start
The peak season has got off to a weak start with demand falling 3.5% in October, the International Air Transport Association (IATA) reports. The fall in freight tonne kilometres was the 12th consecutive month of year-on-year declines, and is not a good start to the traditional peak season. Air cargo has suffered from the effects […]
AAPA: Exports remain weak in October
Demand for air cargo across Asia Pacific remained weak in October due to the slowdown in exports, says the Association of Asia Pacific Airlines (AAPA). Air cargo demand measured in freight tonne kilometres declined 5.9% in October 6.2 billion, while capacity in available freight tonne kilometres was up 0.1% to 10.1 billion. The freight load […]
ACI: Outlook for airfreight remains negative
The outlook for airfreight remains negative, with volumes declining by 4.2% in September, according to Airports Council International (ACI). Year-to-date airfreight was down 3.1% and with three months left, ACI says it is unlikely global trade will grow. International volumes were down 4.2% in September and domestic airfreight dropped by 4%. International airfreight was also […]
ACI World: 10th bad month for airfreight
Airfreight has declined for the 10th consecutive month, with August falling 5% according to Airports Council International (ACI) World. All regions of the world declined on a year-on-year basis, with North America proving least bad, only falling 3.2% while Africa was down 10.3%. Year-to-date freight volumes are down 2.9%, with international freight falling 4.6%, and […]
B&H CEO moves to Singapore as Asia Pacific booms
CEO of B&H Worldwide, Stuart Allen has relocated to Singapore to oversee expansion in the Asia Pacific region. Based at the B&H Worldwide facility within the ALPS Free Trade Zone at Singapore’s Changi Airport, he will lead growth plans. B&H has doubled the size of its operations in Hong Kong and Melbourne, Australia and will […]
WorldACD: Air cargo comes falling back to earth
After the industry got its hopes in July, air cargo has come crashing back down to earth with a weak month in August, reports WorldACD. Total chargeable weight was down 7.1% year-on-year in August and yields by 9.4% in US dollars, pushing down revenue by almost 16%. General cargo was down 10.3% though special cargo […]
AAPA: Asia Pacific cargo fell 6.4% in August
Air cargo across Asia Pacific remains weak with another major fall in demand in August, the Association of Asia Pacific Airlines (AAPA) reports. Freight tonne kilometres were down 6.4% to 5.8 billion with subdued demand conditions as businesses remaining cautious on their inventories. Capacity in available freight tonne kilometres was up 1.1% to 9.9 billion, […]
IATA: Air cargo is a victim of US-China trade war
Trade wars are having an adverse impact on air cargo, with US-China trade volumes down 14% this year, says the International Air Transport Association (IATA). Air freight demand measured in freight tonne kilometres (FTK) contracted 3.2% in July, marking the ninth consecutive month of year-on-year declines. It was impacted by weak global trade and the […]
AAPA: Weakness in Asia Pacific likely to continue
Air cargo weakened further in July and is unlikely to improve anytime soon, the Association of Asia Pacific Airlines (AAPA) reports. In July, freight tonne kilometres were down 7.7% to 5.8 billion due to falling exports and a worsening trade outlook, alongside deteriorating business confidence. Capacity in available freight tonne kilometres was up 0.4% to […]
ACI World: 2019 could be a bad year for airfreight
Airfreight is continuing to go down, and may well end 2019 in the negative, according to Airports Council International (ACI) World. After falling 2.8% year-on-year in May, the global freight market was down 5.1% in June, pushing the total for the first half of 2019 down 3.2%. The airfreight figures are in contrast to the […]
IATA: Signs of air cargo recovery appear premature
Signs of a modest recovery for air cargo markets appear to have been premature, with IATA reporting another month of falling volumes. Freight tonne kilometres decreased by 4.8% in June, the eighth month of year-on-year declines with only Africa seeing an increase. The International Air Transport Association (IATA) says capacity growth remains subdued and load […]
Zhao to lead Silk Way West in Asia Pacific
Silk Way West Airlines has promoted Jenny Zhao to the role of vice president Asia Pacific region, taking up the role today (1 August). She is responsible for providing strategic and tactical direction for further enhancing business operations in Asia Pacific, and takes over from Nurid Aliyev who has stepped down for personal reasons. Wolfgang […]
AAPA: Trade disputes and tariffs hitting air cargo
Air cargo is continuing to struggle in June with a 7.2% fall in demand, the Association of Asia Pacific Airlines (AAPA) reports. Demand in freight tonne kilometres (FTK) was down 7.2% to 5.8 billion, while capacity in freight available tonne kilometres (FATK) rose 1% to 9.8 billion, pushing down load factors by 5.1 percentage points […]
WorldACD: It’s all negative on the cargo front
WorldACD is reporting no change from the air cargo front as negative trends continue in May with falling volumes. Saying “it is difficult to believe that the year will recover from its dismal start” to 2019, WorldACD reports that chargeable weight decreased 5% year-on-year whilst yields in US dollars fell 5.6%, resulting in revenue loss […]
AAPA: Exports keep falling across Asia Pacific
Air cargo demand across Asia Pacific continues to fall as exports continue to slow in the face of challenging business conditions, the Association of Asia Pacific Airlines (AAPA) reports. In May, demand measured in freight tonne kilometres was down 6.5% to 5.9 billion, with demand up 0.3% to 10 billion, pushing down load factors by […]
E-commerce growth provides Asia Pacific some relief
The rise of e-commerce is providing some relief for air cargo in Asia Pacific as it copes with trade tensions, says the Association of Asia Pacific Airlines (AAPA). Demand measured in freight tonne kilometres was down 3.2% in March to 6.3 billion, and by 5.6% to 16.7 billion in the first three months of 2019. […]
Changi Airport aims to be the premier pharma hub
As a leading biomedical manufacturing hub in Asia Pacific, airfreight is very important to the industry in Singapore, who are benefitting from Changi Airport’s ambition of becoming the premier pharmaceutical air cargo hub in the region. Lim Ching Kiat, managing director for air hub development at Changi Airport Group says that eight of the top […]
Dirk Goovaerts named dnata Asia Pacific CEO
Dirk Goovaerts has been appointed regional CEO for the Asia Pacific region by dnata, taking responsibility for 10 airports in three countries. In his role, Goovaerts will oversee operations at 10 airports in Australia, the Philippines and Singapore, managing a workforce of 6,000 employees. He will be based in Singapore and report to Ross Marino, […]
IATA: Airfreight off to a weak start in 2019
Global airfreight has got off to a weak start in 2019, with freight tonne kilometres falling 1.8% in January, the International Air Transport Association (IATA) says. The fall was the worst performance in the last three years and comes as air cargo faces significant headwinds. Global economic activity and consumer confidence have weakened, while the […]
Envirotainer extends RAP e2 network to Shanghai
Envirotainer has extended its RAP e2 network in Asia-Pacific by making Shanghai, China its 31st station on 1 March. The RAP e2 is designed for the pharmaceutical industry, and can load either five Euro pallets or four US pallets. It can maintain temperatures between 0-25C in nearly any ambient condition, and its insulation is designed […]
WorldACD: Slow start to 2019 but special cargo grows
Global air cargo got off to a slow start in 2019 with volumes dropping 2% in January, with special cargo mitigating the fall, according to WorldACD. General cargo got off to a slow start, down 5% with valuables and dangerous goods also down, though perishables grew 6%, high tech by 4%, pharmaceuticals by 5% and […]