FedEx Express opens new Incheon gateway
FedEx Express (FedEx), a subsidiary of FedEx Corp. and one of the world’s largest express transportation companies, is bolstering support for cross-border trade and e-commerce growth in Korea with the launch of its new FedEx Incheon Gateway located at Incheon International Airport, South Korea. The new facility offers enhanced capabilities that will benefit local businesses […]
CSafe expands service centre in South Korea
CSafe Global, the innovation leader in active temperature-controlled container solutions for the transport of life-enhancing pharmaceuticals, widens its operational footprint with the opening of an enlarged and expanded service center facility at Incheon International Airport (ICN). The new service center was strategically implemented to accommodate the growing demand for CSafe’s specialized air cargo containers in […]
IBS iCargo overhauls Korean Air Cargo’s pricing
IBS Software’s iCargo platform has overhauled Korean Air Cargo’s pricing model to improve yields and boost profitability. The solution provides intelligent, intuitive analysis and algorithms, integrated to the sales and booking system to deliver insights into commercial operations. This allows Korean Air to determine the selling price of capacity and ensure maximum profitability per shipment […]
Goodman GLS joins 1GSA network as member for Korea
The independent GSA network, 1GSA continues to grow with the appointment of Goodman GLS as its exclusive member for Korea. The Goodman GLS GSSA business was launched in 2014 and represents Westjet, Cubana and the Leisure Cargo portfolio of 14 airlines, providing access to destinations throughout Asia, Europe, the Caribbean, Middle East and Africa. It […]
With Natco live from PyeongChang
Swiss logistics service provider Natco was in charge of the project management and transportation of all broadcasting equipment for Swiss Radio and Television Corporation’s (SRG SSR) coverage of the 2018 Olympic Winter Games in South Korea. The Zurich-headquartered forwarder delivered all SRG’s equipment to the International Broadcast Centre and its studios at the House of Switzerland in […]
Air Seoul appoints AAT in Hong Kong
Air Seoul, a wholly-owned subsidiary of Asiana Airlines, has appointed Asia Airfreight Terminal (AAT) as its cargo terminal operator in Hong Kong. AAT currently also serves the parent and sister companies, Asiana Airlines and Air Busan, respectively. “AAT has a long and successful history with Asiana Airlines, and we are thrilled to welcome the latest […]
AAPA: demand for manufacturing products drives 12.2% August surge
The Association of Asia Pacific Airlines (AAPA) says the solid expansion in international air cargo markets continued unabated in August and it was propelled by demand for manufacturing goods. AAPA explains firm demand for manufactured products, particularly pharmaceutical goods and technological equipment, underpinned the month’s strong 12.2 per cent increase in air cargo demand as measured in freight […]
Cargo grows 4.4% in June at Incheon
International cargo at Incheon International Airport continues to grow with a 4.4 per cent year-on-year increase in June to 242,355 tonnes. Inbound cargo was up by 6.9 per cent to 122,455 tonnes with outbound growing by two per cent to 118,941 tonnes, which it says thanks to increasing exports of major products including semiconductors and […]
Drinks are on UPS as it expands alcohol shipping services across Asia
UPS can ship wine, beer and spirits to businesses and consumers to 10 destinations across Asia Pacific using its Express shipping services. This broadens the number of alcohol shipment destinations across UPS’s global network that permit the import of the three types of alcohol, and UPS can now serve 24 of the top 35 wine […]
Delta and Korean sign trans-Pacific joint venture
Delta Air Lines and Korean Air have reached an agreement to create a trans-Pacific joint venture, offering a number of services including increasing belly cargo. The joint venture, subject to regulatory approval, mainly focuses on passenger services to expand the trans-Pacific codeshare, joint sales and marketing initiatives in Asia and the USA, co-locating at key […]
Incheon posts strong growth and to build new facilities
Seoul’s Incheon International Airport posted a 9.9 per cent year-on-year (YOY) increase in volumes in April – handling 246,268 tonnes. In April, inbound cargo was up 12.2 per cent to 121,298 tonnes and outbound was up 7.4 per cent to 124,970 tonnes. The gateway says this was fuelled by the gradual recovery of Korean exports […]
AAPA: Cargo volumes up 9% in April
Preliminary traffic figures for the month of April released today by the Association of Asia Pacific Airlines (AAPA) showed cargo volumes rose year-on-year (YOY) by nine per cent. AAPA says this performance was on the back of strong international demand, as business conditions continued to improve across Asian economies, in turn lending support to international trade […]
Fresh cargo markets boost Korean Air’s bottom line
Korean Air’s cargo operations have a strong and beneficial influence on its bottom line as the company grows by developing new markets. Figures show during the fourth quarter of 2016 that freight generated 2,868 billion Won ($83 million) for Korean against 2,284 billion Won in the same period of 2015. Korean Air declined to comment […]
New cargo facilities to be constructed at Incheon International Airport
Incheon International Airport is adding more cargo facilities to its already impressive roster so it can meet rising local demand and increasing competition. Korea’s main cargo gateway is to extend its offering for the airfreight community in the next few years as growth continues at a fairly rapid pace. “We are currently developing additional space […]
UPS relocates service centre in Korea
UPS has relocated its service centre in Korea from Dangsan-dong to Docksan-dong with expanded capacity and enhanced services for customers. The integrator says with the opening of the new centre, customers will benefit from later cut-off times for shipment pick-up, providing greater flexibility for businesses to process late shipments. The new larger space of more […]
Rhenus opens new business site in South Korea
The Rhenus Group has opened another office in South Korea – in Busan after launching into the market in November last year. The global logistics firm will mainly provide air and sea freight services from the site, while the office will also handle project business for the oil and gas industry, provide third-party logistics services and […]
Asiana Airlines signs IT deal with IBS Software
IBS Software (IBS) has signed a 10-year multi-million dollar contract with Asiana Airlines Cargo for the implementation of its cargo management software – iCargo. This will manage the end-to-end cargo function of Asiana Cargo. Under the deal, IBS will implement the full scope of business operations – including sales, revenue accounting, ULD management, mail management […]
Halifax Stanfield and Incheon expand sister airport agreement
Halifax Stanfield International Airport has celebrated six years of a ‘sister airport’ agreement with Incheon International Airport by further expanding the deal. Since initially starting the agreement in 2010, cargo exports have been a major focus area, with live lobster exports to Asia doubling between 2010 and 2015. Halifax says the value of live lobster […]
Korean and Asiana feeling the impact of falling yields
Both Korea’s airlines, Korean Air and Asiana Airlines are reporting upticks in business although not across the board, reports Michael Mackey Korean Air, the larger and more established of the two, reported total tonnage carried rose three per cent with Korea outbound the star pupil rising by 10 per cent in a second quarter business […]
GECAS signs deal with Korean Air for five B777F
GE Capital Aviation Services Limited (GECAS) has signed a purchase-and-leaseback transaction with Korean Air for five new Boeing 777 Freighters. The commercial aircraft leasing arm of GE says the 777Fs will be powered by GE90 engines as part of the carrier’s fleet renewal program. Deliveries of the aircraft are scheduled in late 2016 and 2017. Korean Air’s […]
