Cathay Pacific’s September cargo tonnage and capacity remained near August levels as travel restrictions eased in Hong Kong and Japan, according to the latest traffic figures from the carrier. The Hong Kong-based carrier transported 104,055 tonnes of cargo in September, remaining relatively flat with August’s 104,851 tonnes of cargo, according to today’s release. However, September’s
Although travel restrictions have eased in Hong Kong and Japan, cargo stakeholders are unsure whether the return of belly capacity will boost cargo volumes as freighters dominate the cargo market. In September, the governments of Hong Kong and Japan announced they would remove some travel restrictions related to COVID-19, increasing overall airfreight connectivity. Following the
Kerry Logistics Network had a strong rebound in the first half of 2022, reporting HK $48 billion (US $6.1 billion) in revenue, a 39% year-over-year increase. WHY IT MATTERS: The Hong Kong-based forwarder’s key growth driver was its International Freight Forwarding Division (IFF), which saw profits increase by 140% YoY, according to today’s earnings report.
Hungary’s Budapest Airport (BUD) is investing around 30 million euros (US $29.8 million) in the extension of its Cargo City complex. BUD will develop an additional 6,500 square meters of cargo handling capacity and double its aircraft parking space, enabling the apron to handle up to four code-F aircraft like 747Fs, Head of Cargo Jozsef
A new Cathay Pacific Cargo initiative utilizes milestones at its Hong Kong (HKG) cargo terminal to measure and improve visibility between its warehouse and ramp handling operations, pinpointing problem areas and eliminating quality failures as the carrier looks to rebuild its network and freighter schedule. The two milestones act as checkpoints for warehouse and ramp