SF Express offloads stock to purchase aircraft

On 22 August, rapidly growing Shenzhen-based SF Express raised US$1.2 billion from a stock placement, freeing capital it plans to use for growth-focused investments including the purchase of new aircraft, pilot recruitment, and technology R&D, according to a filing on the Shenzhen Stock exchange. Local media reports suggest that SF Express will allocate at least […]
  • Charles Kauffman
  • August 24, 2017

YTO Express Airlines moves forward with plans for rapid fleet expansion

The carrier recently acquired three 737-300s for conversion to freighter configuration by PEMCO World Air Services at the STAECO facility in Jinan, and is reported to have also acquired three 757-200s for conversion by Precision Aircraft Solutions. Cargo Facts has confirmed that the three 737-300s are units 29407, 29408, and 27520, the last three of […]
  • Charles Kauffman
  • July 5, 2017

7 ways cross-border e-commerce is reshaping air freight logistics today

For the past two years, “cross-border e-commerce” has been the buzz-phrase of the air freight and express industry. And it’s only natural that our industry would jump on it – no other mode of transportation is better suited to ensure expedited deliveries for parcels with origins far-removed from their final destination. But, hype aside, what has […]
  • Charles Kauffman
  • June 5, 2017

HNA Group envisions Xi’an as future “Chinese Memphis”

If you read this headline, and thought “wait a minute, isn’t Shenzhen-based SF Express Airlines already planning a ‘Chinese Memphis’ in Ezhou,” you are not mistaken. Perhaps China has room for two Memphis-like hubs, or at least a Memphis and a “Chinese Louisville”. Either way, last week Hainan Group established a new subsidiary in the […]
  • Charles Kauffman
  • May 24, 2017

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 […]
  • Charles Kauffman
  • May 17, 2017

China’s top 10 cargo airports in 2016

According to data from the CAAC, total cargo handled (loaded and unloaded freight and mail) by Chinese airports rose 7.2% y-o-y in 2016, to 15.1 million tonnes, more than double the pace of world average growth, which according to preliminary data from the Airports Council International, was 3.3%. The chart at right shows China’s top […]
  • Charles Kauffman
  • May 16, 2017

YTO goes west with new joint-venture airline and hub

Shanghai-based YTO Express will build a new hub at Xianyang Airport (XIY) in the city of Xi’an in central China. Further, the company’s airline subsidiary, YTO Express Airlines, signed a memorandum of understanding with Western Airport Group to establish a joint-venture airline in Xi’an under the name China Northwest International Cargo Airlines. YTO’s CEO, Yu […]
  • Charles Kauffman
  • April 5, 2017

YTO’s rapid expansion prompts order for three 737-300P2F conversions

Almost exactly one year ago, Hangzhou-based YTO Express Airlines announced an order for ten Boeing 737-800BCFs (Boeing Converted Freighters), with options for an additional ten. This week, the carrier went public with a separate order for three 737-300 freighter conversions with PEMCO World Air Services. YTO’s new purchase commitment highlights its thirst for capacity in the […]
  • Charles Kauffman
  • February 15, 2017