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
Retail Asia June / July 2018 29
LOGISTICS
High demand pushes DHL Global
Forwarding to add second
around-the-world flight
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
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