Foxconn is now definitively planning to move some of its current China-based Apple assembly to Vietnam in a bid to minimise the impact of the ongoing US-China trade war. ➤
On Wednesday the Hong Kong carrier reported an attributable profit of HKD 1.7 billion (US$220 million) for 2019, a 28 per cent drop from the HKD 2.3 billion it made in 2018. Cargo revenue in ➤
Global air freight demand fell by 3.3 per cent in 2019 year-on-year, marking the the first year of declining freight volumes since 2012 and the weakest performance since the global financial crisis of 2009 when ➤
In the last month of 2019, worldwide air cargo decreased by 1.7 per cent year-on-year, the smallest YoY decrease since January 2019, but a decline nevertheless. The year ended with a mixed picture, not with ➤
US President Donald Trump and Chinese Vice Premier Liu He signed the phase one trade deal Wednesday morning at the White House, signalling a truce, but not the end, in the nearly two-year-long trade war ➤
Protracted trade disputes continued to weigh on Asian carriers’ cargo business in November with volumes down 1.9 per cent, says the Association of Asia Pacific Airlines (AAPA). With Asian carriers “particularly vulnerable,” given the region’s ➤
China has designated another 24 cities as cross-border e-commerce pilot zones, in an effort to boost exports amid a slowing economy and the ongoing US-China trade war. These strategically located zones are designated to facilitate ➤
The Singapore economy expanded by 0.7 per cent last year, down from 2018’s 3.1 per cent and its slowest in a decade reflecting the ongoing impact of China’s slowing economy and the US-China trade war. ➤
The air cargo sector may end 2019 on a positive note becoming the first month in 2019 not showing a year-on-year decline, and possibly signally the returning health of air cargo, says WorldACD Market Data in ➤
US President Donald Trump says he will sign the first phase of a trade deal with China on 15 January, sealing a deal that sees the world’s second largest economy increasing purchases of American farm ➤
Copyright @ 2020 | AsiaCargoBuzz.com | All Rights Reserved