Thai Vietjet dominated the market share for domestic air freight in Thailand for the third quarter, according to the country’s aviation authority, and this may sound unusual if you knew that the airline does not own a single freighter. Payload Asia talks to Pinyot Pibulsonggram, commercial director at Thai Vietjet, to discuss the airline’s recent performance and learn more about its cargo operations. Thai Vietjet topped other Thai airlines in terms of domestic cargo carried over the third … [Read more...] about Thai Vietjet banks on cargo and market opportunities
Asia Pacific
Asia Pacific to take lead in ecommerce logistics
The global e-commerce logistics market grew 27.3% in 2020, according to the latest data from Transport Intelligence, reflecting a surge in e-commerce demand, exacerbated by the coronavirus pandemic. With a market share of 41.6% globally, Asia Pacific represents the world’s largest market, with China leading the way. 2020 growth The Asia Pacific e-commerce logistics market grew 22% in 2020. Valued at around €153b, it is the largest regional market, accounting for 41.6% of the global total. In … [Read more...] about Asia Pacific to take lead in ecommerce logistics
CEVA Logistics bags contract with Pernod Ricard Thailand
CEVA Logistics won a five-year contract with drinks manufacturer Pernod Ricard to provide warehousing and distribution support in Southeast Asia. The logistics operator’s work in Thailand will include customs brokerage and import haulage, a combination of standard duty-paid and bonded warehouse management, and domestic transportation with value-added services, including tax stamping, warning label, gift box and repacking. Also read: CEVA Logistics strengthens its presence in … [Read more...] about CEVA Logistics bags contract with Pernod Ricard Thailand
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
DHL Express outlines €750 million investment in Asia Pacific
DHL Express said it will invest around €690 million between 2020 and 2022 to build or expand its facilities in Australia, Japan, Hong Kong and South Korea. It also plans to spend close to €60 million to bolster its Asia Pacific air network with new direct and frequent flight routes. The expanded infrastructure and new flight routes across Asia Pacific are said to help the company tackle the unprecedented growth in shipment volume and address the demand for time-definite express deliveries. … [Read more...] about DHL Express outlines €750 million investment in Asia Pacific
Record quarter loss spurs Singapore Airlines to seek liquidity
Singapore Airlines Ltd. plans to raise more liquidity after posting its biggest quarterly loss of S$2.3 billion in the three months to September as international travel all but dried up, Bloomberg reports. The airline is in advanced talks to raise funds in the debt capital market and by selling and leasing back some of its aircraft, CEO Goh Choon Phong said during a briefing on 9 November, without elaborating. Also read: Singapore Airlines secures Envirotainer QEP accreditation For the … [Read more...] about Record quarter loss spurs Singapore Airlines to seek liquidity
