Australia Post last week announced record group revenue of $8.27 billion for FY21, up 10.3 percent, and a profit before tax of $100.7 million. The company's revenue was boosted by continued growth in e-commerce, with strong parcel growth. Parcels & Services revenue grew 17.7 percent to $6.48 billion, on the back of a 27.1 percent increase in Australia Post branded parcels, with StarTrack volumes up 12.1 percent. AP Global continued to grow the company's cross-border e-commerce … [Read more...] about Australia Post delivers record revenue on e-commerce
E-commerce
Liege Airport on gearing up for peak season
Liege Airport has been shortlisted once again for European Airport of the Year at this year’s PLA Awards after winning the award last year. In a recent interview, Payload Asia talks to Steven Verhasselt, commercial VP at LGG, as he gives his take on the current market situation, where the air cargo industry is headed, and how the airport is gearing up for another peak season. What are the challenges faced by air hubs given the wave of coronavirus cases seen across the globe, and how has Liege … [Read more...] about Liege Airport on gearing up for peak season
JD expands China–US air cargo service
Chinese e-commerce and logistics player JD has launched a new cargo service between Shanghai and New York on August 6, the company’s second China-US service, following the Nanjing-Los Angeles flights commenced on June 7. Cargo flights will operate twice a week from Shanghai Pudong International Airport (PVG) to John F. Kennedy International Airport (JFK). The logistics player said it will mainly transport e-commerce and general trade goods and make use of the cargo space on … [Read more...] about JD expands China–US air cargo service
Lödige Industries eyes warehouses, distribution hubs
With reports about fulfilment centres maxing out capacity limits amidst growing ecommerce volumes, Lödige Industries is expanding its services for warehouses and distribution centres. The company said the boom in e-commerce and e-fulfilment and the associated increase in demand for material handling solutions encouraged it to create a dedicated product segment. "Due to the increased order volume in e-commerce, many existing facilities are reaching their capacity limits. Consequently, … [Read more...] about Lödige Industries eyes warehouses, distribution hubs
Kerry Logistics expands coverage in Latin America
Kerry Logistics Network Limited is extending its coverage in Latin America with a new office in Lima as it looks to capitalise on a broad range of industries amidst growing trade between Peru and China. Kerry Logistics Peru S.A.C. (‘Kerry Logistics Peru’) commenced operations in July and will offer supply chain solutions, from air and ocean freight to customs clearance and domestic transportation, across the country The Hong Kong-listed logistics player expects the new office to boost its … [Read more...] about Kerry Logistics expands coverage in Latin America
Cainiao adds capacity for Japanese exports to China
Alibaba's Cainiao Network announced a partnership with sea & air freight customs brokerage SGH Global Japan (SGJ) to help Japanese businesses gain better access to the Chinese market, in time for major shopping festivals like the 618 this month and Double 11 in November. “Japan has always been a key market for us,” said James Zhao, General Manager of Cainiao Global Supply Chain. “SGJ has demonstrated extensive logistics capabilities and business connections that will be instrumental in … [Read more...] about Cainiao adds capacity for Japanese exports to China