Starting November, capacity of charter carriers Condor, TUI and Sunclass, managed by ECS Group, will be available on cargo.one in Germany, followed by other key European countries such as Belgium and the Netherlands, a press release confirmed. Freight forwarders can check the cargo booking platform to check the capacity at real-time prices for online booking and instant confirmation. Also read: Air cargo booking platform cargo.one bags $18.6 million in series A funding ECS Group said it … [Read more...] about Charter carriers under ECS Group connect to cargo.one
Air Freight Asia
Air cargo to grow 4 percent yearly until 2039, according to Boeing
Boeing predicts world air cargo traffic to grow at 4 percent per year over the next 20 years, influenced by trade and growing express shipments to support e-commerce, according to its newest forecast. The report said Asia will continue to lead the world in average annual air cargo growth, with domestic China and intra-East Asia and Oceania markets expanding 5.8 percent and 4.9 percent per year, respectively. The East Asia–North America and Europe–East Asia markets will grow slightly faster … [Read more...] about Air cargo to grow 4 percent yearly until 2039, according to Boeing
Travel demand likely to rebound with ‘conducive’ conditions, AAPA says
With cross-border travel effectively grounded, the Assembly of Presidents of the Association of Asia Pacific Airlines (AAPA) highlighted survival and continuity during their virtual meeting on 13 November. The Assembly concluded with AAPA, IATA and ACI Asia-Pacific jointly declaring their solidarity and commitment to work with governments to revive air travel. Industry The health crisis has triggered unimaginable losses for airlines exceeding US$84 billion worldwide this year. Asia … [Read more...] about Travel demand likely to rebound with ‘conducive’ conditions, AAPA says
Nutty business: Korean Air’s Asiana buyout plan to face injunction
Creditors' plan to sell debt-laden Asiana Airlines to its bigger rival Korean Air faces a bumpy road as a local equity fund has filed an injunction against the plan, according to a report by Yonhap News. On 17 November, Asiana's main creditor, state-run Korea Development Bank (KDB), signed an investment agreement with Korean Air's parent holdings company Hanjin KAL to inject 800 billion won (US$723 million) into Hanjin KAL through a rights offering and convertible bonds. Hanjin KAL will then … [Read more...] about Nutty business: Korean Air’s Asiana buyout plan to face injunction
Digital freight forwarder Beacon opens shop in Hong Kong
Beacon, a digital freight forwarding and supply chain finance company, is expanding its presence in Asia with a new office in Hong Kong. With Asia-Europe as its biggest trade lane, the London-based firm said establishing an office in Hong Kong will be an important strategic development for the company. Set up in 2018, Beacon is disrupting traditional freight forwarders and the logistics and supply chain with its digital platform which combines real-time tracking of cargo, a marketplace for … [Read more...] about Digital freight forwarder Beacon opens shop in Hong Kong
Cainiao gives last-mile boost in Malaysia, expands into Japan
Cainiao Network has partnered with Shanghai-based Yunda Express to strengthen last mile delivery efficiency in Malaysia via a comprehensive network of collection stations. It also aims to drive digitalisation through AI-powered smart sorting and IoT-enabled parcel management systems. Alibaba's logistics arm said there will be over 100 collection stations strategically located near communities and business districts across the country, with plans to expand to 500 stations to include West … [Read more...] about Cainiao gives last-mile boost in Malaysia, expands into Japan
