SF Express, the largest private express logistics firm in China, is set to build cargo air hub in central China after an airport site-selection report was approved by Civil Aviation Administration of China (CAAC). A freight airport is expected to be built at the town of Yanji, about 75 km east of Wuhan, the capital of central Hubei province, according to a China Daily report. The choice of the airport in Yanji enables it to cover most of the mainland within one-and-a-half hours of air … [Read more...] about SF Express gets CAAC approval on Wuhan air hub
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Atlas Air to operate 20 B767-300 freighters for Amazon
Atlas Air Worldwide Holdings, Inc. announced today that it has become the latest aviation partner of e-commerce retailing giant Amazon with an agreement to operate 20 freighters on behalf of the company which will take up as much as a 30 per cent share in Atlas. Under the long-term agreements announced today Atlas will, starting in the second half of this year, operate 20 B767-300 converted freighters for Amazon on a CMI (crew, maintenance and insurance) basis by the group’s airline … [Read more...] about Atlas Air to operate 20 B767-300 freighters for Amazon
IATA pessimistic on cargo growth this year
The International Air Transport Association (IATA) has released a pessimistic view on air cargo growth saying, “it is shaping up to be another tough year for air cargo” pointing to the latest 2.0 per cent drop in volumes against a 6.9 per cent rise in capacity. Asia-Pacific carrier, in particular, saw a 5.2 per cent decline in demand in March compared with a year ago. The latest IATA data for global air freight markets for March 2016 showing a 2.0 per cent drop in volumes measured in freight … [Read more...] about IATA pessimistic on cargo growth this year
Healthy Q1 for UPS, Asia export growth offsets US softness
UPS today announced its first-quarter 2016 international operating profit increased 15 per cent to US$574 million. Total revenue was $14.4 billion, up 3.2 per cent over the same quarter last year. Revenue growth was slowed by lower fuel surcharges and currency exchange rates, the company said. On a currency-neutral basis, revenue increased 3.7 per cent. Lower fuel surcharge rates reduced revenue growth by approximately 150 basis points. "The major Asian economies are showing signs of … [Read more...] about Healthy Q1 for UPS, Asia export growth offsets US softness
Amazon makes further move into European logistics
Amazon has today announced the launch of its Pan-European Fulfilment by Amazon (FBA) programme. This new service will help sellers of any size export to millions of Amazon customers across the EU more efficiently than ever before, the e-tailing giant said in a statement. Amazon customers in turn will be able to receive thousands of new products from sellers across the EU, while benefitting from faster shipping times and lower delivery costs. The launch is further evidence of Amazon’s … [Read more...] about Amazon makes further move into European logistics
SF Express gets CAAC approval on Wuhan air hub
SF Express, the largest private express logistics firm in China, is set to build cargo air hub in central China after an airport site-selection report was approved by Civil Aviation Administration of China (CAAC). A freight airport is expected to be built at the town of Yanji, about 75 km east of Wuhan, the capital of central Hubei province, according to a China Daily report. The choice of the airport in Yanji enables it to cover most of the mainland within one-and-a-half hours of air … [Read more...] about SF Express gets CAAC approval on Wuhan air hub