Lufthansa’s time:matters expands network to Asia

Lufthansa Cargo‘s wholly owned time:matters subsidiary, which specializes in urgent shipments, plans to expand its presence to cover the Europe-China, intra-Asia and trans-Pacific markets, according to the company’s CEO. Speaking to Air Cargo World during Air Cargo Europe 2019 in Munich, Alexander Kohnen said that time:matters had just established a legal entity based in Shanghai […]

Asia’s airfreight markets keep racking up the gains

Asia’s airfreight market continued to burnish its reputation as the global breadwinner last month, with preliminary traffic figures for October showing a 5.8 percent rise, year-over-year, once again showing healthy growth in international air cargo markets. The air cargo increase for airlines from the Asia-Pacific region, measured in freight tonne kilometers (FTK), came about, in […]

Alibaba scrambles to catch up on global cloud computing demand

Alibaba Cloud, the cloud computing arm of Alibaba Group, has more than doubled the capacity of its Hong Kong data center as demand for cloud services rises in the Asia Pacific region. With a US$204 billion market value in 2016, up more than 16 percent from the previous year, the global market for cloud services […]