TO accelerate delivery times private courier companies in China are investing more heavily in the air freight sector, including in new infrastructure projects that will help reduce their costs in the long run.
Shanghai YTO Express signed a contract with the municipal government of Jiaxing in the eastern province of Zhejiang, agreeing to build a CNY7.3 billion (US$1.06 billion) air logistics hub at Jiaxing airport. Construction of the hub is slated to begin before the end of the year and operations are expected to commence in 2021, reported Xinhua.
The company believes Jiaxing is an ideal location to build the air cargo hub since the Yangtze River delta area is at the heart of China's courier business and many major cities are within a three-hour flight distance from the city.
ZTO Express, also headquartered in Shanghai, teamed up with Turkish Airlines and PAL Air Ltd in June in a bid to establish a joint venture to transport parcels.
Guangzhou-based SF Express has been a leading player in the air cargo market. On July 1 the 45th cargo plane of SF Airlines, the cargo airline under SF Express, went into service.
SF Express signed a deal with the provincial government of central China's Hubei province at the end of 2017 to construct a freight airport in Ezhou city. The airport is expected to handle 2.45 million tonnes of cargo by 2025.
In the first half of this year China's express delivery sector made a total of 22.08 billion deliveries, up by 27.5 per cent year on year. A total of 520 million overseas deliveries were made during that period, an increase of 43.1 per cent.
Shanghai YTO Express signed a contract with the municipal government of Jiaxing in the eastern province of Zhejiang, agreeing to build a CNY7.3 billion (US$1.06 billion) air logistics hub at Jiaxing airport. Construction of the hub is slated to begin before the end of the year and operations are expected to commence in 2021, reported Xinhua.
The company believes Jiaxing is an ideal location to build the air cargo hub since the Yangtze River delta area is at the heart of China's courier business and many major cities are within a three-hour flight distance from the city.
ZTO Express, also headquartered in Shanghai, teamed up with Turkish Airlines and PAL Air Ltd in June in a bid to establish a joint venture to transport parcels.
Guangzhou-based SF Express has been a leading player in the air cargo market. On July 1 the 45th cargo plane of SF Airlines, the cargo airline under SF Express, went into service.
SF Express signed a deal with the provincial government of central China's Hubei province at the end of 2017 to construct a freight airport in Ezhou city. The airport is expected to handle 2.45 million tonnes of cargo by 2025.
In the first half of this year China's express delivery sector made a total of 22.08 billion deliveries, up by 27.5 per cent year on year. A total of 520 million overseas deliveries were made during that period, an increase of 43.1 per cent.