Air Cargo

China's growing courier business will have greater access to US markets after a joint venture was agreed between global giant UPS and China market leader SF Express.

The strong growth in air cargo volumes out of Asia has continued through April, driven by international demand.

Nippon Express wants to capitalize on the growing demand for such services.

The decision will facilitate infrastructure investment.

Cargolux Airlines and Emirates SkyCargo have signed a memorandum of understanding for an operational partnership in the latest tie-up between carriers in the challenging air transport market.

Cargo with Asia-Pacific origins in March helped lift global air cargo markets to their highest levels since 2010.

Traffic on the Europe-Asia Pacific routes surged 34 percent in the quarter driven partly by “sea freight restraints.”

Capacity was trimmed by 1.1 percent during the quarter.

The strong March performance resulted in first-quarter traffic growing nearly 11 percent year-over-year.

Traffic measured in revenue cargo tonne kilometers grew 6.3 percent.