Post Tagged with: "Hong Kong"

YTO Express acquires OTEL to use as springboard for international expansion

YTO Express acquires OTEL to use as springboard for international expansion

May 17, 2017 at 10:58 am 0 comments

On 8 May, Shanghai-headquartered courier, YTO Express announced its intention to acquire a 61.87% stake in Hong Kong-based forwarder and logistics specialist, On Time Logistics (OTEL), and establish its international business headquarters in Hong Kong. The acquisition will support YTO’s efforts to go global by leveraging OTEL’s international business expertise,Read More

Top 20 cargo airports for 2016

Top 20 cargo airports for 2016

April 19, 2017 at 9:55 am 0 comments

According to preliminary data from the Airports Council International, total cargo handled (loaded and unloaded freight and mail) by airports worldwide in 2016 was up 3.3% over 2015 to about 106 million tonnes. International freight handled was up 4.3% to about 66 million tonnes, accounting for a little more thanRead More

Cathay Pacific's cargo division ended 2016 with a strong performance in December.

Huge jump in Hong Kong cargo volume

April 17, 2017 at 10:52 am 0 comments

Hong Kong International Airport reported cargo volume in March up 17.7% y-o-y, to 433,000 tonnes. In 2015, cargo volume growth at HKIA  stalled, and the Airport’s full-year handle was up just one-tenth of one percent over 2014. This stagnation continued through the first half of 2016, and, despite a strong finish inRead More

Hong Kong Airlines web

HNA Group affiliates gobble up Hong Kong-based assets

March 27, 2017 at 10:28 am 0 comments

Hong Kong Airlines recently acquired a 51% stake in SATS HK, the Hong Kong affiliate of Singapore-based airport services provider, SATS. In parallel, Hong Kong Airlines’ investment arm, Holistic Capital Investment, acquired a 35% stake in Asia Air Freight Terminal (AAT) (a stake that was owned by forwarder and logisticsRead More

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 0 comments

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

Hong Kong’s U-Freight: Industry only ‘scratched surface’ of e-commerce

January 8, 2017 at 11:10 am 0 comments

 After attending the recent Amazon Global Selling Expo in Hangzhou, China, Hong Kong-based logistics firm U-Freight Group said that the growth potential for global e-commerce is “far from exhausted,” even in well-established regions, such as the United States, Europe and Japan. U-Freight CEO Simon Wong added, however, that the airRead More

YTO Express Airlines recently ordered ten 737-800BCF conversions from Boeing.

YTO Chairman among new speakers confirmed for Cargo Facts Asia 2016

March 14, 2016 at 9:33 am 0 comments

Cargo Facts is excited to announce two new speakers to be featured at Cargo Facts Asia 2016 in Hong Kong next month. The explosive growth of e-commerce is fueling the biggest revolution in the air freight and express industry in decades, and nowhere is the impact of this revolution bigger thanRead More

New records for Hactl, but slow month for HKIA

New records for Hactl, but slow month for HKIA

December 31, 2015 at 10:30 am 0 comments

Hong Kong Air Cargo Terminals Limited (Hactl, the biggest handler at Hong Kong International) recently broke both monthly and daily ramp-handling records. In November 2015, Hactl handled 2,242 freighter aircraft, ten more than the previous record set in November 2014 On 2 December 2015, Hactl handled ninety-five freighters, up threeRead More