In September, YTO Airlines, a Hangzhoubased express cargo carrier operated by
Shanghai courier company YTO Express,
signed a cooperation agreement with
Shaanxi Province to jointly build YTO
Express' delivery hub and air cargo base in
northwest China.
Previously, Yu Weijiao, chairman of YTO
Express, revealed a decision to invest 3
billion yuan ($450 million) in Chengdu,
capital of Sichuan Province, to build YTO's
headquarters and air transport hub in
southwest China.
The move came after the Civil Aviation
Administration of China gave the nod in
early April to SF Express, another private
courier company, to build a civil airport
in Ezhou City in central China's Hubei
Province as part of a joint move to build
an international logistics hub there.
The Ezhou airport will operate both
cargo and passenger flights, with a focus
on cargo delivery. It aspires to become
Asia's largest and the world's fourth largest
air cargo logistics hub.
In September, SF Airlines' third B767-300
cargo plane landed in Shenzhen, boosting
the number of the company's all-cargo
UPS carefully
monitors demand for
express air service,
and when demand
warrants will add a
new flight, or increase
aircraft gauge, for
example from a
narrow-body 757 to a
wide-body 767
Louis DeJianne
UPS
planes to 34, the largest among domestic
cargo airline companies.
Meanwhile, YTO's fifth cargo plane
landed smoothly in Hangzhou, Zhejiang
province, on Sept. 7. The company aims
to have 30 self-owned cargo planes in its
fleet by 2020.
According to industry data, 80 percent
of China's domestic mail and parcels are
delivered by road, 15 percent by air and
less than five percent by other means. Experts say the bottleneck lies in insufficient
cargo airports and planes.
In 2015, the online shopping market
sales reached RMB3.8 trillion in 2015,
with a CAGR of 50 per cent over the past
five years, thus driving a surge in express
delivery industry.
In 2015, China’s express delivery business volume totaled 20.67 billion pieces,
up 48 per cent from a year earlier, with a
CAGR of 54.6 per cent over the past five
years; express delivery revenue came to
RMB276.96 billion, up 35.4 per cent from
a year earlier, registering a CAGR of 37
per cent ver the past five years. In H1
2016, the business volume of Chinese express delivery firms reached 13.25 billion
pieces, up 56.7 per cent from the same
period of last year; the business revenue
totaled RMB171.46 billion, a year-on-year
growth rate of 43.4 per cent. In the first
half of 2016, express delivery revenue
saw a rising proportion of up to 69.3
per cent in the postal service industry
revenue.
www.stattimes.com
| OCTOBER 2016
23