The powerful growth in the Chinese economy is resulting in a massive leap in demand for courier, express and parcel delivery (CEP) services. The volume of timesensitive freight in China is increasing by an average of 28 percent per annum. By comparison, global growth (at 10-15 percent) seems practically modest. According to a study by the international strategy and technology consultants Booz Allen Hamilton, the Chinese express market is already set to break through the US$ 5.8 billion mark … [Read more...] about China's express market to hit US$5.8 billion
Yusen Air & Sea Service (HK)
Yusen Air & Sea Service (HK) has successfully obtained the first China Air Transport Association (CATA) air cargo agency certificate. … [Read more...] about Yusen Air & Sea Service (HK)
MIDDLE EAST: Emirates orders more 'superjumbos'
Emirates airline has reaffirmed its order for 43 Airbus A380s and has signed a contract for a further four aircraft. Dubai’s government-owned airline, which already has the largest number of the ‘superjumbos’ on order, will now receive 47 of the $300million planes. The first aircraft will be delivered in the third quarter of 2008, according to a statement by Airbus parent company EADS. Last month Emirates hinted that it could use the superjumbo for anew low-cost arm of the … [Read more...] about MIDDLE EAST: Emirates orders more 'superjumbos'
INDONESIA: Jakarta's forwarders carry heavy burden
Indonesian Forwarders Association (INFA) has reported that many of its members in DKI Jakarta province have closed their business because of their inability to compete with multinationalforwarders operating in the city. As a result, the number of active forwarders has dropped from 1,400 in2005 to only 780 forwarders. The chairman of INFA for Jakarta chapter, Syukri Siregar said at the association’s recent workshop that local forwarders have lost their grip as a result of global … [Read more...] about INDONESIA: Jakarta's forwarders carry heavy burden
Lack of infrastructure hampers India's air cargo growth
India’s Civil Aviation Minister Praful Patel recently promised a blueprint for the air industry’s expansion by 2020, including plans for a series of airport upgrades by 2010. A prime project is a cargo centre at Nagpur due for completion next year, which Patel hopes will boost India’s nascent air cargo market.“We hope to see that Nagpur becomes...something like Memphis, a major hubfor cargo in India,” Patel said Tax incentivesare one tool the Indian governmentis … [Read more...] about Lack of infrastructure hampers India's air cargo growth
Incheon Airport eyes Asia's cargo hub title
Since changing the mode of customs, immigration and quarantine (CIQ) inspections at its freight terminals in June last year, South Korea’s Incheon Airport has reported a huge increase in cargo throughput moving via its facilities, accordingto a local media report. The report said that another change that had helped increase the cargo load was that cargo plane pilots and crew no longer needed to make the detour to the passenger terminals. Once ranked third in the world, Incheon … [Read more...] about Incheon Airport eyes Asia's cargo hub title