Pteris Global, which develops baggage and cargo handling systems for airports, has clinched a contract worth RMB71 million (US$15.4 million) from Eastern Air Logistic Co. Ltd to install a cargo system at Shanghai Pudong International Airport’s west cargo area. The deal is expected to be completed by the end of 2016. Under a separate agreement, the group's other subsidiary, Pteris Global (Suzhou), will install sorting systems for SF Express, an express courier company in China. … [Read more...] about Pteris bags Eastern Air cargo handling contract
China
Cargolux launches Zhengzhou-Chicago
Cargolux Airlines has begun a twice-weekly Trans-Pacific service between the two cities in April, operated by the airlines 747-8 freighters. At the Air Cargo Europe event in Munich, Cargolux announced that loads on the first couple of flights have been better than anticipated. “This new Trans-Pacific service from Zhengzhou is a milestone in the development of our Chinese operations and the cooperation with our partner HNCA,” says Dirk Reich, Cargolux president and CEO. “We are … [Read more...] about Cargolux launches Zhengzhou-Chicago
Express delivery services booming in China
China’s express delivery services are booming, with private couriers named the major players. According to the State Post Bureau (SPB), the postal business model has changed over the six years ending 2014, with the number of packages transported by express delivery surging by 820 per cent and accounting for the movement of 63.9 per cent of all post in the country. Based on the number of packages sent in 2014, the SPB averaged that for every person in China, 10.2 express delivery packages … [Read more...] about Express delivery services booming in China
Updates on offer by FedEx for TNT
FedEx Corp. and TNT Express issued a statement assuring stakeholders the companies are making 'timely' progress on preparations for FedEx’s acquisition of TNT. FedEx said it expects to submit a request for review and approval of its offer document to the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiële Markten, AFM) before 30 June, the date a request for approval must be submitted under Dutch law. In addition, FedEx and TNT Express confirm that the … [Read more...] about Updates on offer by FedEx for TNT
Schiphol tonnages hit by slowing Chinese output
Amsterdam Airport Schiphol’s cargo throughput totalled 385,842 tonnes in the first three months of 2015, down 1.8 per cent on 2014. Reductions in cargo to and from Asia and Europe accounted for the drop, the first quarterly fall in almost two years. While January (-2.3 per cent) and February (+2.1 per cent) tonnages maintained the previous year’s levels and smoothed the effect of the shift in dates of the Chinese New Year between 2014 and 2015, it was March’s decline of … [Read more...] about Schiphol tonnages hit by slowing Chinese output
PACTL registers strong Q1 results
Shanghai Pudong Int’l Airport Cargo Terminal Co., Ltd (PACTL) has continued its growth path after recording the strongest annual results in the company’s history. It achieved tonnage growth of 12.73 per cent year-on-year and handled 362,497 tonnes during the first three months of 2015; this result, the best in any first quarter, was particularly driven by an increase in import business. PACTL’s import cargo volumes increased by 15.97 per cent year-on-year to a total figure of … [Read more...] about PACTL registers strong Q1 results
