The global air cargo market is heading towards a ‘hot Q4’ of rate increases after a sixth straight month of double-digit growth in June, with a warning that shippers and forwarders ill-prepared for this year’s peak season may find themselves ‘at the mercy of the market,’ according to the latest analysis by Xeneta. Demand in June, measured in chargeable weight, was +13% year-on-year, continuing the upward trend seen throughout the first half of 2024. In contrast, cargo supply grew at its slowest … [Read more...] about Global volumes rise again in June as market indicates a ‘hot’ Q4 for air cargo rates, says Xeneta
Asia Pacific air freight
FedEx signs agreement to expand Philippine gateway in Clark
Federal Express Corporation, one of the world’s largest express transportation companies, has signed an agreement with Luzon International Premiere Airport Development (LIPAD), operator and manager of Clark International Airport, to expand and upgrade the company’s gateway in Clark, Pampanga. The new facility is set to offer enhanced capabilities that will benefit local businesses looking to amplify their presence in international markets and support the growing demand for e-commerce, freight, … [Read more...] about FedEx signs agreement to expand Philippine gateway in Clark
International Cargo Logistics doubles cold storage facility at Heathrow to meet boom in demand
Global forwarder, International Cargo Logistics (ICL), has nearly doubled the size of its cold storage facility at Heathrow Airport, from 153 square metres to 300 square metres, to meet rapidly growing customer demand. ICL Site Unit 13 now consists of five chambers with varying temperature regimes, as well as X-ray and external temporary storage facilities (ESTF), and temperature-controlled vehicles to transport goods across the UK. In addition, the facility boasts inspection areas for the … [Read more...] about International Cargo Logistics doubles cold storage facility at Heathrow to meet boom in demand
Vietjet boosts air travel between Southeast and Northeast Asia with new China and South Korea services
Vietjet has kicked off the direct service between Ho Chi Minh City and Xi’an, China, and introduced the new Nha Trang - Daegu, South Korea, route. These expansions highlight Vietjet's commitment to providing more affordable and seamless travel options while strengthening air connectivity across Southeast and Northeast Asia. On this occasion, Vietjet offers an exclusive promotion from now to July 7, 2024, featuring one million tickets starting from USD0 (excluding taxes and fees) across its … [Read more...] about Vietjet boosts air travel between Southeast and Northeast Asia with new China and South Korea services
Swissport adds two new members to the Board of Directors
Swissport International AG, the global leader in airport ground services and air cargo handling, has appointed two new members to the Board of Directors. Janina Kugel, former Managing Board member and Chief Human Resources Officer of Siemens AG, and Julian Diaz Gonzalez, former long-serving CEO of Dufry (now Avolta), have taken over their new role as Non-Executive Directors in the Board from July 2024. Janina Kugel is a highly experienced German executive known for her influential career in … [Read more...] about Swissport adds two new members to the Board of Directors
DHL Supply Chain enhances regional operations with new leadership in Asia Pacific
DHL Supply Chain, the global leader in contract logistics, has announced three new key leadership appointments in Asia Pacific. These new appointments follow the appointment of Andries Retief, as Chief Commercial Officer, DHL Supply Chain Europe, Middle East, and Africa, effective September 1, 2024. "Recognizing and leveraging our internal talent underscores the strength of our workforce and our dedication to fostering a culture of growth and opportunity. I am looking forward to continued … [Read more...] about DHL Supply Chain enhances regional operations with new leadership in Asia Pacific