LOGISTICS
High demand pushes DHL Global Forwarding to add second around-the-world flight
LOGISTICS
DHL GLOBAL FORWARDING , the air and ocean freight specialist of Deutsche Post DHL Group , is deploying a second dedicated Boeing 747-400 Freighter to connect the US , Europe and Asia .
The division is responding to strong growth in demand for air freight , chiefly for outbound services out of Asia and on the conventional trans-Pacific route , fuelled by almost all industries , the company said . This second flight is in addition to the first around-the-world air cargo service that was established in September last year . The first flight was a crucial step in responding to the increasing exports of the Norwegian seafood industry and generating significant , reliable and efficient capacities for customers along that route from Brussels to Oslo , Seoul , Shanghai , Cincinnati and back to Brussels .
“ Demand is currently exceeding supply mainly due to the world ’ s largest economies performing strongly . Volumes are high on major trade lanes , but capacities are low — a trend that will continue . To increase our operational efficiency and to offer our customers the best-possible solutions , we decided to create further capacities and accessibility to our global logistics network ,” said David Goldberg , CEO
DHL Global Forwarding , USA . With a capacity of up to 100 tons per flight , the aircraft provides significant freight space on the trans- Pacific route from Shanghai Pudong Airport to Cincinnati , USA , from where it returns to Incheon , South Korea . Afterwards it will connect South Korea to Wuxi , China , continuing to Frankfurt-Hahn in Germany and then going back to Shanghai-Pudong Airport . With the re-routing of the first service to Wuxi Airport as well , DHL Global Forwarding will offer twice weekly departures from Wuxi , China , to Frankfurt-Hahn , Germany .
The increasing demand for air freight capacities on Asian routes is fuelled by all major industries , specifically electronics , electric motors , electrical and mechanical appliances as well as medical equipment . Due to the strong performance of global trade , volumes are also increasing from the USA and Europe into Asia , the company said .
The positive development of world trade and its continuation is also reflected in the DHL Global Trade Barometer . The index recently increased to 66 points in March from 64 points in January when the newly created barometer was initially published . With an index value clearly above 50 , the
The increasing demand for air freight capacities on Asian routes is fuelled by all major industries , specifically electronics , electric motors , electrical and mechanical appliances as well as medical equipment .
DHL Global Trade Barometer signals solid further growth for global trade for the next three months .
“ The gap between the high demand for cargo space driven by well-performing world trade on the one hand , and a difficult capacity situation on the other side , has supported our decision to further deploy self-controlled capacity to the market in the form of this second around the world flight ,” said Goldberg . The cargo aircraft has been leased from Atlas Air through an aircraft , crew , maintenance and insurance agreement ( ACMI ). ra
GLP sets up US $ 1.6b private equity fund for logistics
LOGISTICS facilities and technologyled solutions provider GLP has established its first fund investing beyond real estate . The RMB10 billion ( US $ 1.6 billion ) Hidden Hill Modern Logistics Private Equity Fund is reportedly the only fund in China dedicated to investing in the logistics ecosystem and will be managed by Hidden Hill Capital , the private equity platform of GLP China . Investors in the fund comprise long-term institutional investors and insurance companies including China Post Capital .
Ming Mei , co-founder and CEO of GLP , said : “ The launch of Hidden Hill is a major milestone for GLP . The fund will invest in adjacent growth sectors that complement GLP ’ s real estate business , with a focus on companies employing technology to enhance efficiency in the logistics industry . We are excited to partner with like-minded investors , continuing our strategy of pioneering a smart logistics ecosystem that harnesses technology to enhance returns for our customers .”
This transaction is in line with GLP ’ s fund management strategy . GLP manages US $ 50 billion of assets and the company said it is committed to expanding this platform through establishing new funds and further asset recycling . ra
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