In only a generation, China has evolved from being a small niche player in international trade to the most powerful trading nation in the world and the U-Freight Group’s own development has benefited from that evolution. That was the message that our chief executive Simon Wong conveyed in a recent interview with one of the…
Author Archives: UFL Group
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According to official figures released recently, China’s busiest port processed a record amount of goods in January, as companies rushed to get their products onto ships before US tariffs kicked in and ahead of a long local holiday. That made interesting reading for the U-Freight Group with our comprehensive network of multimodal freight and logistics services for the…
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Xeneta, the creator of the ocean and air freight rate benchmarking and market analytics platform, reported that there was lower-than-expected growth in global air cargo demand in January of just 2% year on year, but fears of a trade war over tariffs impacting volumes and growth forecasts for the year are premature. With our strong…
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In the largest reshuffle for a decade, we have seen container shipping lines jumping ship from existing alliances on the main east-west trades. That made interesting reading for the U-Freight Group, with our comprehensive portfolio of international container shipping services for both LCL and FCL import and export cargoes. Here’s how the new alliances now…
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Air cargo demand for 2024 exceeded the record volumes set in 2021 by 0.5 per cent, helped by high e-commerce volumes and ocean shipping constraints, according to IATA. That made interesting reading for the U-Freight Group with our strong presence in the expedited international airfreight arena The airline association’s full-year data showed that demand for…
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With our strong presence in the expedited international airfreight business, we note that the Aircargopedia newsletter reported that according to Market Research Future, the global air cargo market is expected to reach some USD217 billion by 2032. It says the future indeed looks promising — and technology is one of the reasons why, even though…
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Digitalization has made e-commerce an important part of the global consumer market. According to a US research firm Forrester forecast, e-commerce will grow from $4.4 trillion (about HK$34.4 trillion) in 2023 to $6.8 trillion in 2028. The booming e-commerce market has also driven a sharp increase in the demand for e-commerce logistics services. Want to…
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With our headquarters, as well as several freight and logistics hubs in the city, we note that Hong Kong International Airport (HKIA) saw robust growth in cargo throughout in 2024, when the airport entered a new era, as it added a third runway last year. The year saw the airport crowned the world’s busiest cargo…
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New US President, Donald Trump is kicking off a new era of Western economic rivalry with Beijing just as China’s dominance of global manufacturing is greater than ever, says the Wall Street Journal. That makes interesting reading for the U-Freight Group with our portfolio of international freight, logistics and supply chain management operations that serve…
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Despite the Houthis’ recent pledge to halt attacks on non-Israeli commercial vessels following the Israel-Hamas ceasefire agreement of January 19th, shipping industry analysts at Drewry warn against expecting an immediate return to Suez Canal transits. This made interesting reading for the U-Freight Group, with our comprehensive portfolio of international container shipping services for both LCL…
