Accompanied by media frenzy, more vaccine shipments are slowly making their way to Asia brought in by flag carriers, as Malaysia Airlines’ cargo unit MASkargo successfully flew in the first batch of Covid-19 vaccines to Malaysia on 21 February. An Airbus 330-300 converted for cargo flight with One World livery delivered over 300,000 doses of the Pfizer-BioNTech vaccine. A second batch of the same vaccines will arrive on 26 February, and then at fortnightly intervals. The arrival of … [Read more...] about Asia’s flag carriers fly in life-saving vaccines
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Keeping up with eCommerce: Key focus areas for air cargo
The increase of work from home activity has accelerated digital adoption in many industries, with eCommerce, in particular, benefiting immensely. For many within the industry, it has been a year of record volumes as consumers moved purchases to online channels and organisations looked to diversify from traditional models. The benefits of growth have helped advanced plans for many in strengthening their eCommerce capabilities. Integrators have been busy extending infrastructure, whilst some … [Read more...] about Keeping up with eCommerce: Key focus areas for air cargo
JD.com eyes US$5 billion IPO for logistics unit
Chinese e-commerce giant JD.com is eyeing to list its shipping business JD Logistics in Hong Kong as it looks to ride on China’s post-coronavirus e-commerce boom. The IPO is expected to raise around $5 billion, which would value the logistics unit at about $40 billion, Bloomberg earlier reported. If the public offering pushes through, JD.com is poised to become China’s second-most valuable delivery company after Shenzhen-listed SF Express, according to South China Morning Post. The move … [Read more...] about JD.com eyes US$5 billion IPO for logistics unit
Asia Pacific leads top emerging markets for logistics
Asia-Pacific nations led all emerging logistics markets as China, India and Indonesia took the top three spots in the Agility Emerging Markets Logistics Index, a broad gauge of competitiveness based on logistics strength and business fundamentals. Among ASEAN countries, Vietnam climbed three spots to end up at eighth, whilst the Philippines inched up a spot to 21. Indonesia, Malaysia and Thailand remained strong to claim the third, fifth and 11th spots, respectively. Also read: Forwarders … [Read more...] about Asia Pacific leads top emerging markets for logistics
Eva Air’s cargo revenue up in January
EVA Air’s cargo revenue continued the uptrend in the first month of 2021, sustaining its growth momentum despite weak passenger traffic. Cargo revenue soared 150 percent year on year to US$171 million (TW$480.2 million) in January, with cargo yield up 86.2 percent to TW$13.21. Also read: EVA Air inks cargo handling deal with WFS in Seattle On the passenger side, revenue plummeted 91.9 percent to US$31.1 million (TW$870.2 million) for the first month of the year as restrictive travel … [Read more...] about Eva Air’s cargo revenue up in January
Forwarders to benefit with ASEAN customs transit system
It is no secret that import clearance in customs is a cumbersome process in most countries and even so in developing markets like Southeast Asia. Whilst member states in the ASEAN have the basic transport infrastructure, regulatory bottlenecks and inadequate intermodal connections pull them back from fully utilising the region's transport capacity, which results in higher transport costs and long, unpredictable waiting times for forwarders and shippers. A study by ASEAN and EU experts, … [Read more...] about Forwarders to benefit with ASEAN customs transit system