The Week in brief
- According to People's Daily, a paper associated with the Central Committee of the Communist Party of China, all-cargo carrier New China Cargo Airline has launched in Shanghai. The carrier is a joint venture among China Cargo Airlines, Shanghai Airlines Cargo and Great Wall International Shipping. The paper said China Cargo Airline has a registered capital of $463 million.
- Kuehne + Nagel has entered into an agreement to manage a 1,600-square-meter, temperature-controlled warehouse for Danicsco located in Singapore. The tree-year agreement covers goods receipt, outbound handling and storage. The logistics company will also oversee warehousing, picking and packing, and distribution for the cosmetics company The Colomer Group under a five-year contract. The work, which will be handled out of K+N's Blebeshelm, Germany, hub, was awarded to the company because of "its experience in the storage, picking and distribution of cosmetics, which are typically characterized by a wide product range and small packaging sizes."
- According to IATA's latest e-freight report, Korean Air Lines had the largest monthly volume of e-freight transactions of all carriers participating in the program. American Airlines, Asiana Airlines and Emirates were also very active in e-freight. For forwarders, CACESA took the top spot, followed by DHL Global Forwarding, Hanjin Transp and Vega Spedizioni. The highest volume of e-freight originated in South Korea. Month-over-month, domestic volume of e-freight is trending down, but international shipments showed a bit of growth.
