Air cargo volumes in Thailand slumped by almost 50 per cent in January as the global financial crisis continued to hurt exports. Total outbound cargo in the final three months of 2008 fell to 107,249 tonnes, compared with 140,074 tonnes a year earlier, Dow Jones reported. "The January figures were worse than what we expected with outbound volume falling by almost 50 per cent from a year earlier," said Kasem Jaliyawatwong, president of the Thai Airfreight Forwarders Association. Thailand's air … [Read more...] about Thai aircargo plummets 50% in Jan
Express
FedEx opens Guangzhou hub, closes Subic
FedEx Express began operating out of its new Asia Pacific hub at the Baiyun International Airport in Guangzhou, China on 6 February signalling the end of its Subic Bay hub in the Philippines which the express giant has called home for the last 14 years. … [Read more...] about FedEx opens Guangzhou hub, closes Subic
DHL forecasts 20% cargo drop, 1st improvement 2010
The head of DHL Global Forwarding (DHL GF), the world's largest forwarder, said the company expects shipping volume - both air and ocean shipments - around the world to decline 20 per cent in the first half of 2009 and 10 per cent for the full year, based on ongoing shipment data this year and reports from customers. Hermann Ude, chief executive officer of DHL Global Forwarding and Freight, said business out of Asia is particularly weak, with exports from China and Hong Kong, leading the … [Read more...] about DHL forecasts 20% cargo drop, 1st improvement 2010
China air traffic growth slows to single digits
China's air travel growth fell into single digits, the first time in five years, as a slowing economy hit air travel demand, according to official data. Chinese carriers handled 4.03 million tonnes of cargo last year, up 0.3 per cent from a year earlier, and 191.91 million passengers last year, up 3.3 per cent from 2007, the Civil Aviation Administration of China said on its website. Passenger traffic in December rose 8.2 per cent to 15.67 million, but freight volume fell 15.2 per cent to … [Read more...] about China air traffic growth slows to single digits
UPS reports full-year ’08 profit
UPS reported full-year 2008 net income of US$3 billion, widened significantly from a US$447 million profit in 2007 when its results were skewed by a one-time US$6.1 billion pension payment. But it said it must make "tough decisions" to cope with a "severe decline in economic activity around the world." This was more clearly indicated by its 2008 income which was down 28.6 per cent compared to US$4.2 billion in 2006. … [Read more...] about UPS reports full-year ’08 profit
Paramount Air to launch d2d cargo service
Paramount Air to launch d2d cargo service Chennai-based Paramount Airways is planning to launch a door-to-door cargo service under its own brand. "We are going to launch an all emcompassing cargo division. It will be for door-to-door cargo service and will be introduced under the brand name 'Paramount'," Chairman of the airline M Thiagarajan told PTI. The airline currently transports about 100 tonnes per day of cargo and capacity will be expanded to about 300 tonnes a day by the end of the next … [Read more...] about Paramount Air to launch d2d cargo service