All Cathay Cargo articles – Page 3
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News
Cathay Cargo sees increase in BSA tonnages and more diverse array of customers
Cathay Cargo has seen an increase in tonnage commitments and a “more diverse array” of customers in its annual block space agreements (BSAs) while confirming its summer freighter aircraft network.Chris Bowden, Head of Cargo Global Partnerships at the Hong Kong based airfreight arm of the Cathay Pacific Group, also sees ...
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News
Cathay Pacific free of pandemic shackles but still faces demand challenge
Cathay Pacific cargo volumes grew in March compared to a year earlier, thanks to increased capacity.Cargo tonnage in March was up 25.3% compared with March 2022.This increase was attributed to the easing of pandemic aircrew quarantine measures which had "significantly reduced" cargo capacity.The airline has also benefited from increased belly ...
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News
Cathay Cargo teams up with Tower Cold Chain to improve pharma services
Cathay Cargo has signed a global long-term rental agreement with Tower Cold Chain that will provide access to a wider range of temperature-controlled containers.Designed for the transportation of pharmaceutical, biotech and life-science products, Tower’s containers offer Cathay customers more choices in terms of size and payload volume, in both Euro ...
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NewsHong Kong International retains busiest cargo hub top spot
Hong Kong International Airport (HKIA) retained its position as the world's busiest cargo airport in 2022 despite the impact of Covid restrictions, according to statistics from Airports Council International.HKIA saw its cargo volumes fall by 16.4% year on year in 2022 to 4.2m tonnes as restrictions on crew hampered operations, ...
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InsightsTranspacific market: from the doldrums to new highs
After a difficult 12 months, carriers and forwarders expect business on the transpacific to take off in the latter half of the year.Cathay Cargo, the recently rebranded freight arm of Cathay Pacific, is leading the push for a new intermodal service to facilitate flows from the Dongguan area in the ...
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News
Cathay Cargo remains positive in its outlook despite mixed signals
Cathay Cargo has reported a "slow climb" in demand following the Lunar New Year but is hopeful of a pickup in the second and third quarters despite conflicting signals.Cathay Pacific vice president cargo Americas Fred Ruggiero said that the year started quietly after a slow return to work on the ...
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News
Cathay Cargo invests in new mail solution
Cathay Cargo has launched a new mail service that integrates mail handling data with its cargo systems to improve visibility.The new Cathay Mail service integrates mail-handling data with air cargo systems using the the postal air waybill (PAWB) through electronic data interchange (EDI) technology.This removes much of the previous shipment ...
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News
Cathay's February cargo tonnage up as capacity is added
Cathay Pacific saw increased cargo tonnage in February due to a recovery in capacity with more expected in the coming weeks.The airline carried 103,932 tonnes of cargo last month, an increase of 59.6% compared with February 2022, when capacity was hindered by crew quarantine restrictions.February's cargo revenue tonne kilometres (RFTKs) ...
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News
Cathay Cargo sees revenues weaken in 2022
Cathay Pacific saw its cargo revenues decline by double-digit percentage levels last year as Covid restrictions affected operations.The airline reported a 16.6% fall in cargo revenues to HK$26.9bn in 2022 while cargo revenue tonne kms (CRTK) fell 29.8% year on year to 5.7bn and capacity was down 19% to 8.2bn ...
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News
Cathay rebrands and refreshes cargo services
Cathay Pacific Cargo has rebranded as Cathay Cargo as part of the Cathay group’s overall brand redesign.Group chief executive Ronald Lam said: “This is an opportune moment to align our cargo business with the master brand as we continue our cargo investments in Hong Kong and the Greater Bay Area ...
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