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…
Author Archives: UFL Group
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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…
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The U-Freight Group, with our comprehensive portfolio of international container shipping services for both LCL and FCL import and export cargoes, note that the ocean and air freight intelligence platform, Xeneta has something to say about oceanfreight. Whilst its data shows average spot rates from the Far East to US East Coast had increased 26%…
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The global air cargo market cruised into 2025 on the back of 14 consecutive months of double-digit growth in demand as volumes climbed +11% year-on-year in December and average spot rates finished the year +15% higher, said industry analysts Xeneta. That makes interesting reading for the U-Freight Group with our strong presence in the expedited…
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The Air Cargo Week website contains an interesting article that suggests that worldwide air cargo finished the year at its lowest year-on-year full-month growth, with global tonnages in December around 6% higher than in the final month of 2023, although they were already at relatively high levels back then. With our strong presence in the expedited…
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With our comprehensive portfolio of international container shipping services for both LCL and FCL import and export cargoes, the U-Freight Group notes that the Ocean Alliance has unveiled its updated shipping network for 2025. The group – comprised of COSCO, OOCL, Evergreen and CMA CGM – has provided customers with details of Suez and non-Suez…
