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
Air Forwarding
Atlas Air forms JV to open freighter MRO facility in Korea
Atlas Air and Korean MRO services provider Sharp Technics K have signed a memorandum of agreement to form a joint venture and develop a dedicated MRO facility at Incheon airport for widebody cargo aircraft. The move comes amidst rapid growth in air cargo and e-commerce on a global scale, which has created a demand for converting planes for cargo. The planned custom freighter aircraft maintenance facility at ICN will be able to accommodate multiple wide-body jets at the same time and will be … [Read more...] about Atlas Air forms JV to open freighter MRO facility in Korea
MASkargo banks on new tool for dangerous goods handling
MASkargo, the cargo business arm of Malaysia Aviation Group, has become the first airline and cargo terminal operator in Malaysia to adopt IATA's Dangerous Goods AutoCheck (DG AutoCheck) platform for the acceptance of dangerous goods shipments. DG AutoCheck is a digital tool that enables airlines, ground handlers and freight forwarders to automatically check the compliance of the shipper’s declaration for dangerous goods or DGD against all relevant provisions of the IATA Dangerous Goods … [Read more...] about MASkargo banks on new tool for dangerous goods handling
DHL Express adds intra-Asia capacity with new B737-800F
DHL Express is adding more airfreight capacity within Asia with a newly converted B737-800 freighter, which will be operated by Thai airline partner K-Mile Asia. The move comes as the express operator expects orders and sales to rise significantly during the upcoming peak season and amidst ‘increased activity in cross-border trade and e-commerce within the region due to improved logistics, enhanced connectedness as well as reduced trade barriers.’ The new aircraft will offer weekly payload … [Read more...] about DHL Express adds intra-Asia capacity with new B737-800F
Kerry Logistics’ net profit up 81 percent in H1
Kerry Logistics Network announced last week the Group’s interim results for the six months ended 30 June 2021. Group’s Financial Highlights Revenue increased by 68 percent year-on-year to HK$36,709 million (2020 1H: HK$21,885 million) Core operating profit increased by 70 percent to HK$2,536 million (2020 1H: HK$1,489 million) Core net profit jumped by 81 percent year-on-year to HK$1,530 million (2020 1H: HK$845 million) Profit attributable to the Shareholders for 2021 1H was … [Read more...] about Kerry Logistics’ net profit up 81 percent in H1
UPS appoints new leadership for Asia Pacific
Press release UPS has appointed Michelle Ho as president of its Asia Pacific operations. Based in Singapore, she will drive UPS’s business and operations in the company’s fastest-growing region that employs over 13,000 employees in more than 40 countries and territories. In this strategic role, Michelle will maintain the company’s focus to drive company growth and support cross-border connectivity needs for businesses large and small. “Michelle brings experience to this vital role along … [Read more...] about UPS appoints new leadership for Asia Pacific
