Asia

Freight trains and freighter aircraft on the old Silk Road

Freight trains and freighter aircraft on the old Silk Road

February 3, 2017 at 10:55 am 0 comments

Just five years ago, DB Schenker launched the first China-to-Europe rail freight service, with a single train rolling from Chongqing in west-central China to Duisburg, Germany. Schenker touted the service as cheaper than air and faster than sea, but the launch was met with a certain amount of skepticism inRead More

China’s HNA Group nearing acquisition of Hahn Airport

February 2, 2017 at 9:36 am 0 comments

Last year, when the Rhineland-Palatinate government put its stake in the ailing Frankfurt Hahn Airport (HHN) up for sale, China-based HNA Group surfaced as a potential buyer. Then, out of nowhere, HNA was outbid by a largely unknown Chinese conglomerate, Shanghai Yiqian Trading Company. However, that deal fell through whenRead More

WCA, Alibaba tie-up opens China to SME forwarders

February 1, 2017 at 9:44 am 0 comments

Freight forwarding network WCA is set to collaborate with China’s Alibaba.com on cross-border e-commerce shipments in a tie-up that expands Alibaba’s international reach through an additional 6,300 logistics offices on the global roster of  WCA’s small- and medium-sized enterprise (SME) members. In return, WCA forwarders gain access to the AlibabaRead More

E-commerce drives massive quarterly profit for Alibaba

E-commerce drives massive quarterly profit for Alibaba

January 25, 2017 at 10:43 am 0 comments

Chinese e-Commerce giant Alibaba reported fiscal third-quarter net income up 38% to US$2.47 billion. Total revenue for the quarter (ended 31 December 2016) was up 54% to $7.67 billion, while operating income rose 66% to $2.98 billion. Operating margin was up 4 percentage points to 39%. The chart at rightRead More

Hong Kong Airport and its tenants finish strong in December

Hong Kong Airport and its tenants finish strong in December

January 19, 2017 at 10:46 am 0 comments

For a year that started off in the red, 2016 ended on a high-note for Hong Kong International Airport, its handlers, and major carriers operating at the airport. Both Hactl and Cathay Pacific Airways reported strong y-o-y gains in December, and for the full year 2016.  Of course, when examining full-yearRead More

Yiwu to London

One Belt, One Road adds new London rail link

January 18, 2017 at 10:56 am 0 comments

On 18 January, China’s “One Belt, One Road”overland development initiative achieved a new milestone when a freight train that originated in the Eastern Chinese city of Yiwu in Zhejiang province, arrived at London’s Eurohub terminal in Barking. Although this was not the first overland cargo train to depart from EasternRead More

SF goes Ukrainian

SF goes Ukrainian

January 13, 2017 at 9:33 am 0 comments

China-based SF Express and Ukraine-based postal and express company Nova Poshta signed a partnership agreement under which the two will cooperate to provide fast delivery of packages from China to online shoppers in Ukraine. The service, which has been tested over the past few months, will offer full track andRead More

Yusen Logistics expands to Switzerland

January 8, 2017 at 11:12 am 0 comments

Japan-based freight forwarder Yusen Logistics opened a branch office near Zurich Airport on 1 January, 2017. Home to two of the world’s largest airfreight forwarders, Panalpina and Kuehne + Nagel, Yusen called the Swiss office a “strategic step” for the company. The new outpost will offer air and ocean freightRead More