The peak was not the peak season that was hoped for in November as air cargo demand fell 1 percentage point year-over-year. Air cargo saw the first decline since the road to recovery started six months ago, according to the latest industry statistics from analysts CLIVE Data Services and TAC Index. From a low of -37 percent in April, the gap in year-on-year air cargo volumes has been steadily closing in the subsequent months to the end of October, when margin versus 2019 volumes had reduced … [Read more...] about Air cargo demand stalls in November
air freighter
New customs transit system seen as boon by freight forwarders in Southeast Asia
The Association of Southeast Asian Nations (ASEAN) on a virtual event last 30 November launched a new online customs transit system that could help forwarders move freight by road easily across borders in Southeast Asia. The ASEAN customs transit system (ACTS) was developed to allow transport operators to make a single customs transit declaration across multiple ASEAN countries, without the need to make repeated customs declarations or change vehicles at each border. “I believe the system … [Read more...] about New customs transit system seen as boon by freight forwarders in Southeast Asia
HK Airport Authority prices maiden US$1.5 billion perpetual bonds
Airport Authority Hong Kong (AA) today announced its dual-tranche debt securities offering of US$1.5 billion, split between US$750 million non-call 5.5-year and US$750 million non-call 7.5-year perpetual capital securities. The transaction marks the Airport Authority's first foray into the perpetual bond market, which is also the first US dollar senior perpetual offering in the public bond market from an airport globally. The proceeds from the securities will be used to fund AA’s capital … [Read more...] about HK Airport Authority prices maiden US$1.5 billion perpetual bonds
IBS Software, CargoAi tie-up to spur cargo revenue for airlines
IBS Software partnered with CargoAi in a move that will allow iCargo partner airlines to increase their market reach and scale up cargo revenue, a press release stated. The two companies have been working together since July 2020 to integrate iCargo and CargoAI using a scalable application programming interface (API) architecture. With this integration between platforms, iCargo partner airlines can simply turn on the switch for e-bookings from all over the world to reach their … [Read more...] about IBS Software, CargoAi tie-up to spur cargo revenue for airlines
AirBridgeCargo Airlines ships vaccine candidate for clinical trials
AirBridgeCargo Airlines successfully delivered CanSinoBIO's Covid-19 vaccine candidate in partnership with UPS/Marken. This marked its first completed vaccine transportation from Beijing (China) to an unmentioned destination as part of clinical trials in various countries across the globe. Also read: Volga-Dnepr Group introduces healthcare team to lead vaccine distribution The carrier’s Boeing 747 freighter carried a total of 6,000 doses of the Ad5-nCoV vaccine, weighing almost 400 … [Read more...] about AirBridgeCargo Airlines ships vaccine candidate for clinical trials
DHL injects US$95 million into Osaka distribution hub
DHL Express revealed on 25 November the opening of its newest and largest distribution facility in Japan, the Osaka Distribution Center (ODC) at Sakai city, Osaka-fu. At an investment of JPY 9.9 billion (US$95 million), this will be the largest facility investment that the company has made in the land of the rising sun. Also read: DHL Express outlines €750 million investment in Asia Pacific Offering 21,000 square meters of floor space and equipped with its own auto-sorting system, the … [Read more...] about DHL injects US$95 million into Osaka distribution hub
