Without a doubt, Asia is a leading trading partner for the New York Customs District (NYCD). Inbound and outbound air freight from Asia through John F. Kennedy International Airport (JFK) and Newark Liberty International Airport (EWR) translates into China being NYCD’s leading trading partner in 2006 for imports and Japan the leadingtrading partner in 2006 for exports. Three out of the top fi ve goods from China were fashion items (footwear, knit and woven apparel). Exports to Japan … [Read more...] about Asia scores high at JFK and EWR
Incheon sees massive transhipment rise
A growth in imports and in particular transhipment cargo helped Seoul’s Incheon airport counteract a decline in export volumes in 2006, enabling it to clock up an 8.7 percent increase in cargo volumes to 2,336,571 tonnes for the year and a 9.7 percent yearon year rise in March. The weakness in exports from Korea was caused by the strength of the won and a fall in demand for air cargo due to high fuel prices, according to Zeno Yoon, manager of the airport’s hub strategy team. … [Read more...] about Incheon sees massive transhipment rise
Saudi to transform international airports
Saudi Arabia plans to transform international airports in the Kingdom into state-owned companies, as a step towards privatisation of these airports, Abdullah Ruhaimy, president of the General Authority of Civil Aviation (GACA) was quoted as saying in a recent Middle East Logistics report. MEL said that Arabic magazine Al Majalla quoted Ruhaimy as saying that GACA would start commercial operation of airports within three years. “The international airports will be given corporate … [Read more...] about Saudi to transform international airports
DLC gears up to woo carriers
Dubai Logistics City, the cargo complex for the new Dubai World Central airport, is gearing up to make its pitch to freighter operators, and to this end is currently “refi ning its value proposition” and starting to make contacts, accordingto its CEO Michael Proffitt. The timing of any pitches is a critical factor, as DLC does not want to get carriers excited too far ahead of the actual airport opening, which is expected to be sometime in the middle of 2008. That is when the … [Read more...] about DLC gears up to woo carriers
Cathay one of several bidders at Hong Kong
Cathay Pacific is just one of several companies bidding to become the third cargo handler at Hong Kong International Airport, and has competition from other third party handlers, according to the airport’s head of internationalmarketing, Dora Kay. She said it was hoped to have the new terminal operational by 2011, but could not give a more detailed timetable, as she was not personally involved in the tender process. Hong Kong’s second handler, AAT opened its second terminal … [Read more...] about Cathay one of several bidders at Hong Kong
Air cargo – quiet economic powerhouse
Most experts agree that air cargo provides a barometer for global economic swings. One of them, Alan Greenspan, former chairman of the US Federal Reserve, was keenly aware of the importance of air cargo in the global economy. Greenspan, when assessing the health of the US economy, often phoned Fred Smith, CEO of FedEx, to see how the express parcel business was performing. Greenspan saw these shipments as a clear snapshot of the trendline for the entire economy. In the very short term, brisk … [Read more...] about Air cargo – quiet economic powerhouse
