YTO Express acquires OTEL to use as springboard for international expansion

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, global network of 52 offices […]

Top 20 cargo airports for 2016

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 than 62% of the total volume. […]

Huge jump in Hong Kong cargo volume

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 in the last few months, full-year […]

HNA Group affiliates gobble up Hong Kong-based assets

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 logistics services provider, Kerry Logistics, SATS […]

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

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 Chinese exports bound for warehouses and […]

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

 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 air cargo industry will need “new […]
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