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David Hannon, News and Transportation Editor -- Purchasing, 10/21/2004 2:00:00 AM
Airfreight shippers looking to get materials in and out of China got a little good news recently. FedEx, UPS and Northwest Airlines each received tentative approval in early September for expanded all-cargo U.S.-China service. FedEx and UPS would each get 12 additional weekly frequencies over the rest of this year and next, and Northwest would get six over the same period. UPS will be able to install nonstop service between Shanghai and Japan for the first time, and nonstop service between the U.S. and Guangzhou next year.
The Transportation Department also proposed that Polar Air Cargo, a unit of Atlas Air Worldwide Holdings, be granted nine weekly frequencies, which would be allocated over 2004 and 2005. Atlas emerged from bankruptcy in July.
And the increased capacity comes as air freight demand in the Chinese market is growing dramatically. The most recent air cargo forecast from aircraft maker Boeing Co. predicts world air cargo to grow at 6.2% annually over the next two decades. Boeing expects Asian air cargo markets to continue leading the industry with the domestic Chinese and intraAsian markets expanding 10.6% and 8.5% per year, respectively.
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