Post Tagged with: "China"

China’s economy and the air freight industry

China’s economy and the air freight industry

August 27, 2015 at 10:50 am 0 comments

There has been much talk lately in the offices of Cargo Facts and Air Cargo Management Group (ACMG, Cargo Facts’ parent) about the economic situation in China, and its potential impact on the air freight and express industry. There are a few things that seem obvious and indisputable – “facts”Read More

A Uni-Top 747-200F being loaded.

Uni-Top takes first A300-600F… now what?

August 25, 2015 at 9:30 am 0 comments

China-based Uni-Top Airlines took redelivery of an A300-600F (763, ex-China Eastern), following conversion to freighter configuration by EFW. This is the first of seven A300-600s Uni-Top is having converted by EFW, and marks a significant change in the carrier’s strategy. Uni-Top currently operates three 747-200Fs in international service to India fromRead More

Delivering the dragon

Delivering the dragon

August 21, 2015 at 9:40 am 0 comments

Two years ago we reported that Chinese e-commerce firm Alibaba was leading a consortium of companies in the development of an advanced package delivery network. The consortium set up a new company, Cainiao, to manage the network, in which they, and various financial backers, planned to invest a total ofRead More

Further thoughts on the yuan devaluation

August 13, 2015 at 10:38 am 0 comments

The potential impact of the devaluation of the yuan against the dollar is occupying headlines around the world. We at Cargo Facts/ACMG are not economists, and when we posted our thoughts earlier this week, we focused on the potential impact on air freight industry. For those interested in the broaderRead More

Will yuan devaluation help or hurt air freight?

Will yuan devaluation help or hurt air freight?

August 11, 2015 at 10:33 am 0 comments

China today devalued its currency by 1.9% against the US dollar, the biggest drop since the country aligned its market and official rates. The People’s Bank of China said “Since China’s trade in goods continues to post relatively large surpluses, the yuan’s real effective exchange rate is still relatively strongRead More

A giant step for SF Express

A giant step for SF Express

August 6, 2015 at 8:55 am 0 comments

Draw a line on a map of China, from Beijing in the north all the way south to the Pearl River Delta, home of Hong Kong, Guanzhou and Shenzen. Now draw another line, this time from Shanghai on the east coast to the new commercial/industrial region that includes Chongqing andRead More

Alibaba creates a Russian subsidiary

Alibaba creates a Russian subsidiary

July 16, 2015 at 10:22 am 0 comments

According to a report in the Russian financial newspaper Kommersant, Chinese e-commerce giant Alibaba has set up and registered a subsidiary company in Russia. Mark Zavadsky, who will run the new company, said its aim was “to further expand our business and support our partners, and also to facilitate cooperationRead More

Don’t point your finger at China…

Don’t point your finger at China…

July 8, 2015 at 10:56 am 5 comments

“China woes threaten air freight industry, Lufthansa warns.” That is the title of a news story published yesterday by Bloomberg. And if the title weren’t ominous enough, the lead sentence will surely grab your attention: “Lufthansa, Europe’s biggest cargo airline said it’s concerned that a stock market rout which wipedRead More