Dedicated airfreight operators are struggling to remain viable as a sluggish economy undermines their ability to compete with the cargo space on offer from carriers focused on the more buoyant passenger market.Saturday, 15 December, 2012, 3:12am
Airlines have permanently lost out to ocean container lines as box carriers grab an increasing share of the freight that was previously moved by air, according to logistics and cargo executives.23 Oct 2012 - 4:19am
FedEx Express has expanded its airport facility in Hong Kong by more than a third to improve its parcel-handling efficiency, ignoring the downturn in the air cargo industry.11 Jan 2012 - 12:00am
Night curfews and a shortage of take-off and landing slots are hampering the development of courier air cargo operations on the mainland, express freight airlines have complained.
Carriers said the problem is severe in western provinces where the infrastructure for night-time cargo operations is lacking.27 Oct 2011 - 12:00am
As airfreight volumes between Saudi Arabia, Asia and other parts of the world remain in positive mode, Saudi Airlines Cargo Company (SACC) is expanding the size of its fleet and increasing the frequency of its services to meet client demand.23 Sep 2011 - 12:00am
The Hainan-based HNA Group, the fourth-largest airline group in mainland China, has acquired a 49 per cent stake in a Turkish cargo airline as part of its efforts to strengthen its foothold in Europe.26 Jul 2011 - 12:00am
China Southern Airlines will boost its cargo fleet after signing a deal for a further six Boeing 777 freighters that are due for delivery between 2013 and 2015, the carrier said yesterday.1 Jun 2011 - 12:00am
DHL Express, the courier division of one of the world's largest transportation companies, will boost its air cargo carrying capacity from Hong Kong to several key Asian cities with the addition of three Boeing 747-400 freighters.1 Jun 2011 - 12:00am
Panalpina, the freight forwarding and logistics group, has launched a second dedicated air cargo service between Hong Kong and Huntsville, Alabama, in the US, using a Boeing 747-400 freighter from Atlas Air. The service is the first direct flight from Huntsville to Hong Kong.14 May 2011 - 12:00am
Logistics firm Shenzhen International Holdings said it is to pay 788.63 million yuan for an additional 24 per cent of Shenzhen Airlines, giving it a 49 per cent stake. State-backed Shenzhen International will buy the stake from the liquidators of Shenzhen Huirun Investment, a holding company that was declared bankrupt in January.9 May 2011 - 12:00am
UPS, the world's largest package-delivery company, said it still believed there would be strong growth in Asia-Europe trade and would increase air services from Hong Kong and Shenzhen to Europe in July, despite the steep depreciation in the euro stemming from the Greek debt crisis.19 May 2010 - 12:00am
The volcanic ash cloud that crippled European aviation is proving to have a silver lining for Hong Kong carriers.
Desperate exporters are paying a hefty premium to clear a mountain of backed up cargo. Cathay Pacific, DHL and UPS have raised freight rates to Europe three- or fourfold - to about HK$100 per kilogram - to move everything from electronic goods to high fashion.23 Apr 2010 - 12:00am
FedEx Express has added new direct flights from Hong Kong to the United States and Europe as the city's export and import trade swings back to pre-crisis levels.
'The region has begun to grow and expand again,' David Cunningham, president Asia-Pacific FedEx Express, said yesterday.13 Apr 2010 - 12:00am
Plans by Hong Kong Express Airways to launch a cargo service in September are being blocked by one of its shareholders.
Andrew Tse (below), who owns 14.7 per cent of the small city airline that is controlled by the mainland's HNA Group, filed an objection with the Air Transport Licensing Authority after Hong Kong Express applied for a cargo licence.3 Jul 2009 - 12:00am
China Southern Airlines, the largest Asian carrier by passenger volume, has put a planned cargo joint venture with Air France on hold because of falling demand and slumping freight rates, airline chairman Si Xianmin said.27 Apr 2009 - 12:00am