Alibaba doubles stake in YTO Express Alibaba injected 6.6 billion yuan, or $970 million, to double its stake in YTO Express, looking to boost its logistics network which relies on third-party logistics services. Alibaba has invested in major couriers from YTO’s home base of Tonglu through its logistics arm Cainiao. YTO commands a 14 percent share of China’s express delivery market, according to TechCrunch. In 2018, a Cainiao-YTO joint venture started building a digital logistics … [Read more...] about Payload Asia’s Weekly Recap
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Amazon gets regulatory approval to test drone delivery
Amazon Prime Air, Amazon’s special service delivering packages in 30 minutes or less, has been approved by the U.S. Federal Aviation Administration (FAA) to start trials of transporting orders using autonomous drones. Amazon added that while the Prime Air fleet isn’t ready to immediately deploy package deliveries at scale, it’s actively flying and testing the technology. Amazon joins Alphabet’s unit Wing and United Parcel Service to receive FAA approval for drone delivery, whilst other … [Read more...] about Amazon gets regulatory approval to test drone delivery
NAP partners Bridges Worldwide to push express, courier solutions
Hong Kong-based Neutral Air Partner (NAP), formed by air cargo architects and aviation specialists, announced Bridges Worldwide PLC as partner for express linehaul services. The partnership aims to provide NAP members with a platform of neutral linehaul solutions and blocked space agreements on scheduled freighter services and commercial airlines for express and time-critical freight movements. “Our collaboration will enable NAP partners to enhance their expedited freight and courier … [Read more...] about NAP partners Bridges Worldwide to push express, courier solutions
Cainiao pilots Singapore-China airfreight route amidst booming e-commerce
Cainiao Smart Logistics Network is set to operate four weekly chartered flights between Singapore and Hangzhou, marking its maiden Singapore-China air freight route, in line with the company’s commitment to deliver globally within 72 hours, a press release confirmed. Cainiao says the new route was established to provide more stability in air freight given the lack of air transport amidst the pandemic. The Chinese logistics company is expecting increased cross-border e-commerce … [Read more...] about Cainiao pilots Singapore-China airfreight route amidst booming e-commerce
Cargolux, FedEx deliver relief assistance to Beirut
Cargolux and FedEx jointly delivered more than 60 tonnes of cargo carrying medical supplies and equipment to Beirut, as the Lebanese city reels from the devastation caused by the explosion earlier this month. FedEx picked up US$11 million worth of medicines, medical supplies and personal protective equipment from the headquarters of nonprofit Direct Relief in Santa Barbara, California. The shipment was then trucked to FedEx’s World Hub in Memphis and loaded to a B777 before flying out to … [Read more...] about Cargolux, FedEx deliver relief assistance to Beirut
Air China Cargo, Cainiao land full freighter at Liege Airport
Responding to the surging e-commerce demand, Air China Cargo and Cainiao, Alibaba’s logistics arm, launched a new route to speed up delivery times between China and Europe. The first B777 full freighter landed at Belgium’s Liege Airport on 13 August, according to a press release. Through its eHub at Liege Airport, Cainiao wants to “improve overall logistics efficiency and expand its line-haul network in a bid to deliver globally within 72 hours.” Air China Cargo will operate three … [Read more...] about Air China Cargo, Cainiao land full freighter at Liege Airport
