Global cargo demand contracted 8 percent YoY (-9.9 percent for international operations) but grew 3.7 percent over the previous month in September, whilst global capacity shrank 25.2 percent YoY (28 percent for international operations), data from IATA showed. The shrink in capacity was three times larger than the contraction in demand, indicating a severe lack of capacity in the market, the trade group noted. Also read: Capacity crunch stalls air cargo demand in August Despite adding … [Read more...] about IATA: Air cargo on recovery path, down 8 percent in September
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Asia Pacific
DHL Express expects ‘extraordinary’ peak volume in Asia Pacific
DHL Express says its global network can expect more than 50 percent increase in volumes during the 2020 peak season, compared to 2019. In Asia this number swings in the 30 to 40 percent range. Numbers from the most important shopping occasions from earlier this year have already shown an increase in online e-commerce shipment volumes by at least 35 percent, according to the express services provider. Also read: DHL Express bolsters fleet with converted Boeing 767-300 freighters But DHL … [Read more...] about DHL Express expects ‘extraordinary’ peak volume in Asia Pacific
dnata teams up with local ground handler to amp up Indonesian airport
Air services provider dnata has inked a deal with Jakarta-based PT UNEX Rajawali Indonesia or UNEX, a local ground handling and cargo warehouse company, to enhance ground handling capacity in Indonesian airports. The tie-up will see dnata and UNEX make joint investments in facilities, equipment and training, with dnata designating senior operational and management staff to support the partnership. Also read: dnata deploys Hermes 5 software at six Australian airports First on … [Read more...] about dnata teams up with local ground handler to amp up Indonesian airport
SingPost eyes stake in Australian 4PL to boost e-commerce push
Singapore Post (SingPost) is looking to purchase a 38 percent stake in Freight Management Holdings (FMH), a fourth-party logistics (4PL) service company based in Victoria, Australia, for US$62 million (A$85.0 million). Its wholly-owned subsidiary SingPost Logistics Holdings on 16 October entered into a conditional sale and purchase agreement with the existing shareholders of FMH, as well as share subscription agreement with the Australian 4PL for the stake purchase, according to a bourse … [Read more...] about SingPost eyes stake in Australian 4PL to boost e-commerce push
Hong Kong’s waiver on airport fees extended until year-end
Hong Kong has extended the relief package for the aviation industry for another two months until the end of 2020, which includes the waiver or reduction of various fees announced in August. The Airport Authority Hong Kong said it made the move “in response to the ongoing challenges arising from the COVID-19 pandemic.” The continued relief measures include the following: Full waiver of parking charges for idle passenger aircraft and airbridge fees … [Read more...] about Hong Kong’s waiver on airport fees extended until year-end
FedEx Express to open US$30 million Clark facility in April
Logistics provider FedEx Express on 6 October revealed its newest gateway facility in Clark, Philippines, north of Manila, which is valued over US$30 million and scheduled to open in April next year. The 17,000-square-meter facility, equipped with state-of-the-art technologies, is expected to speed up sorting capabilities to 9,000 documents and parcels per hour. It will have dedicated areas to process large heavyweight freight. FedEx said the facility would reduce the delivery time to … [Read more...] about FedEx Express to open US$30 million Clark facility in April
