Teleport will deploy four widebody Airbus A330 on cargo-only flights to 12 destinations within Asia Pacific as it looks to add more capacity in the region. The logistics venture of Capital A (formerly AirAsia Group) is resuming more scheduled cargo flights through the use of its Airbus widebody beginning March 2022, offering more capacity from its hub in Kuala Lumpur. It plans to include its Bangkok hub in the second quarter. Adrian Loretz, chief operating officer of Teleport said, given … [Read more...] about Teleport introduces more intra-Asia capacity with A330s
exports
Turkish Cargo’s freighter network expands to Sao Paulo
Turkish Cargo, a leading brand providing service to 120 countries in the world thanks to the extensive destination network it offers to its customers, will again take steps to grow its scheduled cargo flights. This time, the carrier has plans to expand its network to include Sao Paulo, one of the largest industrial and trade centres of the South America. This move is scheduled to happen within the month of June 2017. Brazil, has accomplished exports amounting to a total of 190 … [Read more...] about Turkish Cargo’s freighter network expands to Sao Paulo
China’s trade surplus rises in June
China's trade surplus was US$20 billion in June, the highest level in eight months, Bloomberg reported. The increase came largely thanks to surging exports, which were up 43.9 per cent year-on-year. But customs officials were quick to warn that troubles in the Eurozone had begun to affect Chinese exports to the region. Weakened US demand, increased wages, and reduced export tax rebates were also working to undermine the competitiveness of Chinese exports and international pressure on China to … [Read more...] about China’s trade surplus rises in June
China's trade surplus rises in June
China's trade surplus was US$20 billion in June, the highest level in eight months, Bloomberg reported. The increase came largely thanks to surging exports, which were up 43.9 per cent year-on-year. But customs officials were quick to warn that troubles in the Eurozone had begun to affect Chinese exports to the region. Weakened US demand, increased wages, and reduced export tax rebates were also working to undermine the competitiveness of Chinese exports and international pressure on China to … [Read more...] about China's trade surplus rises in June
Chinese exports plunge 26% in February
China's exports declined 25.7 percent year-on-year in February, the fourth straight monthly decline, according to China's General Administration of Customs. Total foreign trade was US$124.95 billion in February, down 24.9 per cent year-on-year. Total Chinese exports in February amounted to US$64.9 billion, reflecting weak demand for Chinese goods in the US and Europe. The country's imports also slumped 24.1 per cent to $60.05 billion. China's trade surplus narrowed to US$4.84 billion, less than … [Read more...] about Chinese exports plunge 26% in February
Penang air freight volumes take a hit
Penang air freight volumes take a hit The electronics and semi-conductor focused Malaysian island of Penang has taken a hit from the global economic downturn, with Penang Freight Forwarders Association (PAFFA) president Joachim Loo saying December was the worst month in the past seven years for the air freight business. ¡°For the air-freight business, the inbound segment dropped by 52 per cent in December to 2,838 tonnes from 5,850 tonnes a year earlier. The export segment declined by 32 per … [Read more...] about Penang air freight volumes take a hit
