UPS expanded Taipei air hub

UPS opens expanded Taipei air hub, new Beijing distribution facility United Parcel Service (UPS) has opened a much larger processing facility at its Taipei air cargo hub located at Taiwan Taoyuan International Airport (TPE). The new facility spans 82,000 sq.…
Cathay Pacifc cargo turnover reduces

The Cathay Pacific Group’s cargo revenue in 2013 declined by 3.6 percent compared to 2012. The company’s cargo business has been adversely affected by weak demand since April 2011. There was some recovery in business during the last three months…
Air Cargo Faces Long-Term Headwinds

More than 1,000 delegates attending the March 11 to 13 IATA World Cargo Symposium in Los Angeles heard a downbeat assessment of prospects for airfreight from FedEx chairman and CEO Fred Smith and IATA chief economist Brian Pearce, both of whom talked of long-term structural challenges. “The…
FedEx CEO:Beware of protectionism

FedEx founder, chairman and CEO Fred Smith sounded the alarm during the WCS Opening Plenary regarding what he views as the culprit for the slow growth of global trade: rising protectionism.  In a speech similar to one he delivered at the Journal of…
German airports report enlarged cargo

Cargo traffic at Frankfurt Airport rose 1.4 percent in 2013 to almost 2.1 million tonnes. Meanwhile, passenger figures increased by 0.9 percent. Fraport Group, which owns Frankfurt Airport, had revenue climb by 4.9 percent to 2.56 billion euros. “Despite difficult…