The peak season fourth quarter saw a sharp increase in air cargo volumes that improved the full-year performance of Hong Kong and Shanghai terminals.
The modal shift to air cargo following the collapse of South Korean container line Hanjin Shipping may have contributed to the increased demand.
It has been a long time since the air cargo industry had a peak season to remember for the right reasons, but a solid end to 2016 has done the trick.
Heavy-lift cargo airlines Antonov and Volga-Dnepr have gone their separate ways.
Air freight divisions at Asian airlines are trapped in an impossible situation.
Global air cargo traffic grew at the fastest rate in 18 months in October, driven by several one-off factors, including the collapse of Hanjin Shipping.
Industry insiders say that although the work stoppage hasn’t roiled holiday shipments, it has frustrated Amazon’s trademark fulfillment process and should be an early warning for the retailer, which is expected to move a record number of shipments this holiday season.
A Cathay Pacific flight was forced to land in the Russian city of Novosibirsk after a fire alarm indicated a fire in the cargo hold.
AirBridgeCargo Airlines has notched up its 13th record year of growth with two months to go.
Airlines in Asia take a dim view of the anti-free trade rhetoric that has emerged from the United States.