Post Tagged with: "Asia"

The quiet rise of Chinese express: STO launches Brescia 747F flights

The quiet rise of Chinese express: STO launches Brescia 747F flights

March 23, 2017 at 10:54 am 1 comment

Beginning today, 23 March, an SW Italia 747-400F operated for China-based Shentong Express (STO) will touch down regularly at Brescia Montichiari Airport (VBS), just 100km east of Milan. The new thrice-weekly cargo service connects Hong Kong International Airport (HKG) to Brescia via Baku (GYD), reportedly carrying express parcels and ChineseRead More

Asiana and Atlas in trans-Pac ACMI agreement

Asiana and Atlas in trans-Pac ACMI agreement

February 14, 2017 at 10:54 am 0 comments

Asiana Cargo, the cargo arm of South Korea-based Asiana Airlines, signed an agreement to ACMI lease a 747-400F from Atlas Air, one of the airline subsidiaries of Atlas Air Worldwide Holdings (AAWW). Atlas will operate the freighter, beginning this month, on trans-Pacific routes connecting South Korea “with several destinations inRead More

JD.com sees drones as key to rural delivery strategy

JD.com sees drones as key to rural delivery strategy

February 10, 2017 at 10:57 am 0 comments

China’s second largest e-tailer, JD.com has been making commercial drone deliveries in at least four pilot regions scattered across China since June 2016, and has plans to rapidly increase its drone program in 2017, according to recode. JD already has regulatory approval to operate drones in four provinces, along twentyRead 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

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

Global Buy, Global Sell

Global Buy, Global Sell

November 29, 2016 at 10:51 am 0 comments

Early last year, when Daniel Zhang took over as CEO of Chinese e-commerce giant Alibaba, he said the company was going to globalize, that the new goal was “Global buy and global sell.” In his view, Alibaba’s market was no longer China, but the world. But how to reach theRead More

China’s startups that never start

China’s startups that never start

October 20, 2016 at 10:49 am 0 comments

By now the airfreight industry is well-aware of the proclivity of Chinese consumers to flock to online platforms to purchase goods – whether they be household items, or imported luxury goods. With skyrocketing demand for fast and reliable delivery, domestic express carriers in turn have been adding capacity as rapidly asRead More

Atlas orders nine 767-300BCF conversions

Atlas orders nine 767-300BCF conversions

October 11, 2016 at 4:58 am 0 comments

Atlas Air Worldwide Holdings (AAWW) placed a firm order with Boeing for passenger-to freighter conversion of nine 767-300s. As Cargo Facts speculated last month, this includes four conversion orders previously attributed to an unidentified customer. The order comes as no surprise, as Atlas’ recent agreement with Amazon requires it toRead More