Cathay continues to make significant progress in its sustainability journey, reaching new milestones since the launch of its Corporate Sustainable Aviation Fuel (SAF) Programme in 2022. This year, the programme has achieved substantial growth and is becoming one of the biggest initiatives of its kind globally, marked by new global partnerships and a record commitment to SAF usage. Building on the momentum of the past two years, the Corporate SAF Programme has introduced a tiered structure, … [Read more...] about Cathay celebrates record growth in its corporate programme to advance sustainable aviation fuel use
express logistics
CargoTech brings Michael Teoh on board as Head of Strategy
Cédric Millet, President of leading cargo technology group, CargoTech, brings top transformation and strategy expert on board to help fast-track the air cargo industry’s digital transformation: Michael Teoh has been appointed Head of Strategy, and shares his standpoint on industry challenges, ideas, and the CargoTech vision. “Leaders need winners,” says Cédric Millet, President of CargoTech, “Michael Teoh’s impressive track record in digital transformation and strategy at some of the world’s … [Read more...] about CargoTech brings Michael Teoh on board as Head of Strategy
September saw 9.4% growth for air cargo, IATA reports
The International Air Transport Association (IATA) released data for September 2024 global air cargo markets showing continuing strong annual growth in demand. Total demand, measured in cargo tonne-kilometers (CTKs*), rose by 9.4% compared to September 2023 levels (10.5% for international operations) for a 14th consecutive month of growth. Capacity, measured in available cargo tonne-kilometers (ACTKs), increased by 6.4% compared to September 2023 (8.1% for international operations). This … [Read more...] about September saw 9.4% growth for air cargo, IATA reports
FedEx survey reveals strong optimism for holiday sales surge among APAC businesses, consumers
The holiday shopping season is already in full swing and Federal Express Corporation (FedEx), one of the world's largest express transportation companies, shared insights from its latest survey on this year’s festive shopping season in the Asia Pacific region. Conducted in October 2024, the survey gathered responses from 200 small and medium-sized businesses (SMEs) and 300 consumers across 12 APAC markets, exploring their expectations, purchasing motivations, and concerns for the festive … [Read more...] about FedEx survey reveals strong optimism for holiday sales surge among APAC businesses, consumers
Xeneta report: Market maturity navigates disruptions, puts air cargo on ‘final approach’ to double-digit demand growth in 2024
Not even zero growth in November and December can disrupt the global air cargo market from landing a year of unexpected double-digit demand growth in 2024. Healthy volumes of +11% in October and spot rates up +19% year-on-year reflected the growing maturity and balance among buyers and sellers of air cargo capacity, according to the latest market data by Xeneta. A year of constant, unexpected disruptions outside of the industry’s control – which began with a growth forecast as per October 2023 … [Read more...] about Xeneta report: Market maturity navigates disruptions, puts air cargo on ‘final approach’ to double-digit demand growth in 2024
Enrico Farneti appointed Managing Director of Hellmann Italy
Enrico Farneti will take over as the new Managing Director of the Italian subsidiary of Hellmann Worldwide Logistics (Hellmann Italy) in November. He succeeds Daniela Coppola, who will leave the company at the end of the year as planned. In September last year, Hellmann acquired its long-standing partner Hellmann Worldwide Logistics S.p.A. (Hellmann Italy). This acquisition enabled Hellmann to significantly strengthen its presence in the central Alpine region and expand its seafreight … [Read more...] about Enrico Farneti appointed Managing Director of Hellmann Italy