Post Tagged with: "Asia"

E-commerce drives massive quarterly profit for Alibaba

E-commerce drives massive quarterly profit for Alibaba

Asia, E-Commerce, Express January 25, 2017 at 10:43 am

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

Asia, News, Strategy January 8, 2017 at 11:12 am

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

Aircraft, Asia, E-Commerce, Express, News November 29, 2016 at 10:51 am

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

Asia, Carriers, Express, News, Strategy October 20, 2016 at 10:49 am

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

Aircraft, Conversions, News October 11, 2016 at 4:58 am

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

Peeking ahead to peak season

Peeking ahead to peak season

Airports, Asia, News, Photos+Videos, Strategy July 29, 2016 at 10:27 am

Yes, it is still mid-summer, but news out of China today has us looking ahead to the fourth quarter. Peak season may not be quite the massive boost to air freight volumes that it once was, but it is still important. Retailers still make mistakes with inventory planning, and thereRead More

YTO Express takes 4th 737-300F, may have firmed 10 737-800BCF options

YTO Express takes 4th 737-300F, may have firmed 10 737-800BCF options

Aircraft, Asia, Carriers, Conversions, E-Commerce, News July 6, 2016 at 10:57 am

Last month, YTO Express Airlines took delivery of its fourth freighter-converted 737-300. Yesterday evening, on 5 July, the plane took off on its maiden flight to Beijing Capital (PEK) from Hangzhou’s Xiaoshan (HGH) airport sporting YTO livery. YTO is leasing the ex-Donghai Airlines freighter (24916) from GECAS, and plans toRead More

Emirates SkyCargo will now have access to Cargolux's 747Fs

A third hub for Cargolux?

Asia, Carriers, News, Strategy June 15, 2016 at 10:56 am

SHANGHAI – Speaking at the Air Cargo China event in Shanghai today, Cargolux CEO Dirk Reich hinted that his airline might move from its current dual-hub strategy to a triple-hub strategy, with the third hub located somewhere in the US. Two years ago, when Luxembourg-based Cargolux added a second hubRead More