In this latest instalment of the global wrap, we look back at week 32 as e-commerce takes the spotlight with Amazon starting operations at its newest air hub over at Cincinnati/Northern Kentucky International Airport (CVG). We also feature the enhanced collaboration between IATA and the UN Conference on Trade and Development who are looking to upgrade existing platforms to manage e-commerce shipments more efficiently. We roundup the wrap with other B2B updates from the likes of IAG Cargo, … [Read more...] about PLA Global Wrap: Week 32
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Air & Cargo Services
Korean Air posts record cargo revenue for Q2
Korean Air recorded its strongest quarter for cargo amidst capacity shortages and lack of belly space as more than one third of its planes remain grounded. In its non-consolidated financial results, the airline’s revenue jumped 16 percent year on year in Q2 to KRW1.9508 trillion (US$1,726 million), whilst operating profit climbed 31 percent to KRW196.9 billion (US$174 million). This would be the fifth consecutive quarter that the carrier has recorded operating profit, with its previous … [Read more...] about Korean Air posts record cargo revenue for Q2
Hong Kong sees continued cargo growth in July
Hong Kong International Airport reported double-digit cargo growth in July, on the back of strong imports and exports, as passenger traffic slid slightly below pre-pandemic levels. Cargo throughput at HKIA in July grew 12.4 percent to 419,000 tonnes compared to the same month last tear. In June, cargo volume reached 399,000 tonnes, up 11.5 percent year on year. “Transshipments recorded strong growth of 21 percents. Both imports and exports also experienced double-digit growth. Cargo to and … [Read more...] about Hong Kong sees continued cargo growth in July
Peyton Burnett on TAC Index new routes, developments
TAC Index recently added India to its growing list of air freight rate indices as it takes on a wider coverage for interested and concerned air cargo parties. Payload Asia got a chance to talk to managing director Peyton Burnett almost a month ago as he shared details on the newly published routes as well as the fixable nuisances that are all part of providing reliable data for stakeholders in the air freight industry. Can you explain why these four new routes (or perhaps at least one) have … [Read more...] about Peyton Burnett on TAC Index new routes, developments
SATS shortlisted for Ground Handler of the Year award
SATS is one of the final nominees for the Ground Handler of the Year category at this year's 8th Payload Asia Awards. Here we have Bob Chi, chief operating officer for gateway services, as he shares how the company navigated the unique challenges in 2020, as well as the latest developments for one of Asia Pacific's leading cargo and ground handlers. … [Read more...] about SATS shortlisted for Ground Handler of the Year award
TAC Index adds India to air freight rate indices
After announcing 4 new routes in 19 July, TAC Index is adding the publication of two new outbound indices covering major markets from India to USA and Europe. John Peyton Burnett, managing director of TAC Index, said market indexation will add true 'price discovery' to concerned air cargo parties. TAC Index data is mainly gathered from raw transactional freight forwarder rates, whilst supplemental airline data is used for quality control purposes, the company noted. A month ago, the company … [Read more...] about TAC Index adds India to air freight rate indices
