DHL Express's Senior Vice President for Hong Kong and Macau, Jiang Guoxiong, is optimistic about increased air freight demand in the fourth quarter, driven by growth in e-commerce and SMEs. The company operates 370 dedicated flights weekly and has invested €100 million globally to enhance capacity and operations. With stable cargo volumes and a focus on e-commerce events, DHL expects steady performance. Additionally, Jiang is enthusiastic about potential drone delivery services as part of the low-altitude economy, while noting that future price increases may be necessary due to rising costs and continued investments.
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EXTRANS GLOBAL - Weekly Logistics Operation Update - Week 46
📌Weekly Logistics Highlights:
The news highlights this week include: DHL reports that the peak demand for air freight in Hong Kong for the last quarter is better than the previous two years,FedEx ups freighter flights to new Qingdao gateway,Korean Air posts record quarterly sales in Q3 on strong cargo demand...
Hong Kong, China
🔹DHL reports that the peak demand for air freight in Hong Kong for the last quarter is better than the previous two years
Shenzhen, China
🔹Shenzhen Unveils High-Quality Development Measures for Logistics Industry, Aiming for 10 Million Tons of Freight Volume by 2025
On November 11, the Shenzhen Municipal Transportation Bureau released measures aimed at promoting high-quality development in the modern logistics industry from 2024 to 2026. These measures focus on innovative logistics models, including the integration of high-speed rail and logistics, with a target of reaching 10 million tons of freight volume by 2025.Shenzhen plans to develop a "subway + logistics" model to create a smart underground logistics system, aiming for a daily processing capacity of over 10,000 packages by 2024 and more than 30,000 by 2025. Additionally, the city will explore "low-altitude + logistics" initiatives, establishing itself as a national pilot for air traffic management and supporting the development of intermodal transport. The strategy also includes diversifying container transport services to enhance international transfer capabilities and strengthen the port's role as a major maritime hub for automobiles in South China.
Guangzhou, China
🔹The container volume completed by the Guangzhou Port's sea-rail intermodal operation from January to October has already surpassed the total volume for the entire last year
Since the beginning of this year, China Railway Guangzhou Group Co., Ltd., Guangzhou Nansha Port Railway Company, and Guangzhou Port Co., Ltd. have actively planned the integrated operation model of Nansha Port Station, drawing on the successful experience of integrated operations at Nansha Port South Station. On October 1, the three parties signed the "Integrated Service Agreement for Cargo Operations at Nansha Port Station, Guangzhou Nansha Port Railway."As of October 1, the core operations of Nansha Port Station, including station operations, cargo organization, yard management, and loading and unloading operations, have officially been handed over to Guangzhou Port Co. for integrated management, marking an important step towards deeper integration and mutual promotion between the port and rail sectors. Statistics show that the first month of integrated operations at Nansha Port Station saw loading and unloading volumes exceed 6,200 train trips, setting a new historical high.
Shanghai, China
🔹Pudong Express Delivery Business License 'Multi-Type Integration' Reduces Costs
E-commerce activity has surged, leading to increased demand for express delivery services. Previously, businesses needed to register multiple companies and obtain various licenses to operate different delivery services. However, the "multi-type integration" reform allows companies to operate multiple delivery services under a single license, significantly streamlining the process.This reform has boosted the vitality of the express delivery market and promoted high-quality industry development. For instance, Shanghai Diyi Intelligent Technology Co., Ltd. received the first national "multi-type integration" delivery business license, enabling them to reduce contract signings from two to one, saving up to 70% of the time. Additionally, this new licensing framework simplifies bidding processes for services in large, closed environments like universities, allowing companies to participate as a single entity. The initiative has proven beneficial, leading to the establishment of new delivery points and enhanced operational efficiency across the industry.
Tianjin, China
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Qingdao, China
🔹FedEx ups freighter flights to new Qingdao gateway
FedEx is enhancing its freighter flight frequency between Qingdao, China, and the U.S. following the opening of its international gateway in the city. Initially trialed with a weekly service since May, the flights have now expanded to five per week, improving transit times for outbound shipments from Qingdao and surrounding areas by one day, allowing for next-day delivery on some parcels.Qingdao is now FedEx’s fifth gateway in China, complementing its existing hubs in Beijing, Shanghai, Guangzhou, and Shenzhen, which collectively manage 300 flights weekly. The new hub features an automated sorting system and significantly boosts FedEx's operational capabilities in the region, with cargo throughput at Qingdao Jiaodong International Airport increasing by 10.5% in the first nine months of the year.
Vietnam
🔹Maersk opens first bonded warehouse in Vietnam
Maersk has opened its first bonded warehouse in Hai Phong Province, Vietnam, aiming to strengthen its presence in the northern region of the country. Amazon is the inaugural customer for this facility, located in SLP Park, which will be operated by Maersk Contract Logistics and connected to the company’s existing fulfillment center and a new terminal at Lach Huyen port.The warehouse features advanced technology for operational efficiency and safety, including a modern racking system and automated inventory control. Maersk's area managing director emphasized that managing their own bonded warehouse enhances service quality and cost efficiency, and the company plans to invest $500 million over the next three years to expand its supply chain in Southeast Asia.
South Korea
🔹Korean Air posts record quarterly sales in Q3 on strong cargo demand
Korean Air reported strong third-quarter results for 2024, driven by a booming cargo business, with revenues reaching a record 4.24 trillion won ($3.03 billion), up 10% year-over-year, and operating profits increasing by 19% to 618.6 billion won. The surge in cargo revenue, which rose 22% to 1.12 trillion won, was primarily fueled by demand from Chinese e-commerce platforms, despite a 35% drop in net profit due to external factors like a strong U.S. dollar.Looking ahead, Korean Air plans to diversify its revenue by increasing capacity on Southeast Asian routes and exploring new business ventures in defense and aerospace. The airline is also in the final stages of merging with Asiana Airlines, with European Commission approval expected soon, which would establish Korean Air as a top 10 global mega carrier and end a 36-year duopoly in the Korean airline industry.
America
🔹Boeing says air cargo traffic to grow 4% annually through 2043
Boeing has projected robust growth in the global air cargo sector, anticipating an average annual increase of 4% in air cargo traffic through 2043. The global air cargo fleet is expected to expand significantly, nearly doubling the large widebody freighter fleet, with a total of 3,900 aircraft by 2043.This growth is primarily driven by demand in high-growth Asian markets, particularly East and South Asia, which are projected to see the highest traffic increases due to expanding economies and rising consumer demand. Notably, India's domestic air cargo market is expected to nearly quadruple, bolstered by the rapid growth of express and e-commerce networks.
Bangladesh
🔹Cargo vessel from Pak arrives at Bangladesh port, in first-ever direct maritime link between 2 nations
Following the end of Sheikh Hasina's 15-year leadership, Bangladesh and Pakistan are strengthening ties, marked by the arrival of a cargo vessel from Karachi at Chittagong Port, establishing the first direct maritime link between the two countries. This vessel, carrying approximately 2,300 TEUs of goods, is seen as a significant step towards enhancing bilateral trade and creating new business opportunities, as highlighted by Pakistan’s High Commissioner to Bangladesh.The arrival reflects a shift in Bangladesh's foreign policy under the interim government led by Muhammad Yunus, who has engaged in talks with Pakistani Prime Minister Shehbaz Sharif to revitalize regional cooperation, including the South Asian Association for Regional Cooperation (SAARC). Both leaders emphasized the need to open a "new page" in their relations to foster cooperation across various sectors.
Myanmar
🔹EVs from China arrive at Yangon Port
With the approval of the Steering Committee on National-level Development for Electric Vehicles and Related Industries, Great Motor Myanmar Co Ltd and Aung Kan Bo Motorcycle Industrial have imported a fleet of electric cars from China.Yesterday, a shipment of JMC JMEV EV3 electric vehicles and two KENBO electric motorbikes arrived at Yangon Port and were cleared for collection, according to the procedures.
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