Budapest eyes larger regional freight role after record 2017

Hungary’s largest airport is establishing itself as a regional air freight hub, handling 127,145 tonnes of cargo in 2017. Starting this year, two carriers plan to operate flights to the U.S. from Budapest Airport (BUD), and next year, the airport will open a 20,000 square meter freight center that will expand BUD’s cargo handling capacity […]

DHL expands Hong Kong hub as China market heats up

With last week’s 11/11 e-commerce holiday just the latest in a series of broken records for e-commerce volumes, companies are re-evaluating the scope of China’s market and positioning themselves for continued growth. Case in point: DHL Express announced a €335 million expansion of its Central Asia Hub (CAH) in Hong Kong, as the express shipper […]

Freightos envisions e-commerce market dominated by Amazon, Alibaba

Amazon is on track to command 50 percent of the global e-commerce market by 2021, says Hong Kong-based freight marketplace company Freightos, however wielding that sort of clout in the grocery space, will prove more challenging. “Despite the acquisition of Whole Foods, Amazon still lacks the refrigerated equivalent of the nationwide domestic warehouse space it […]

Asian airfreight shows no signs of slowing in May

A solid 12.2 percent increase in volumes and a 4.7 percentage-point increase in freight load factors (FLF) for the month of May, year-over-year, are helping to overturn predictions that Asia’s airfreight markets were headed for a “seasonal cooling,” according to the latest numbers from the Association of Asia Pacific Airlines (AAPA). Even more impressive is […]

Cathay moves forward on layoffs as economy slows

The recent turbulence at Cathay Pacific may have implications for airfreight, as Asia’s biggest cargo carrier announces layoffs and cost-cutting actions to accommodate what it’s CEO, Ivan Chu, termed the “new normal.” Following a meeting of the carrier’s leadership, the Hong Kong-based carrier made an announcement that, “some jobs will no longer be needed.” By […]

China-UK railroad corridor spells trouble for airfreight

The first container train from China reached the U.K. today, arriving at the London Eurohub in Barking. Completed in 18 days, the rail transit connection threatens to disrupt China-Europe supply chains, with airfreight appearing especially vulnerable. The 10,000- to 12,000-kilometer transit takes 12 to 18 days, depending on the route used, and is attractive for […]

Hong Kong International closes out 2016 on a high note

Cargo throughput at Hong Kong International Airport (HKIA) – already the top cargo airport in the world, in terms of tonnage – added to its lead with a 3.2 percent increase, compared to 2015, to 4.52 million tonnes in 2016. Over the year, HKIA also handled 411,530 flight movements, representing a yearly rise of 1.4 […]

Cathay Pacific leads Asian carriers in strong October for cargo

Cathay Pacific and subsidiary carrier Dragonair carried a total of 172,385 tonnes of cargo and mail in October, an increase of 5.3 percent over October 2015. The carrier’s load factor rose by 1.6 percentage points to 68.1 percent. Capacity, measured in available cargo/mail tonne kilometers, increased by 0.6 percent, while cargo and mail revenue tonne […]