Impact Publications : AirCargo-253
Page 24 • AirCArgo AsiA-PACifiC • FEBRUARY-MARCH 2018 DHL gives India top ranking for growth in the ‘Big Seven’ INDIA’s economy holds the bright- est growth prospects of the world’s seven largest economies, according to results from the Global Trade Barometer (GTB) from logistics company DHL. GTB analytics assigned India the highest growth indices of the seven countries assessed, due to strong and sustained increases in both air and ocean freight in and out of the country. The country’s trade in machinery and high-tech goods continues to underpin its growth, while increased imports of industrial raw materials point to an extended period of trade development for the nation. “More than any of the world’s largest economies, India’s major industries have displayed levels of resilience and growth that will buoy business confidence in the short-to-medium term,” said George Lawson, managing director, DHL Global Forwarding India. “India’s economy has built up terrific momentum in recent times: Since 2008, its GDP has risen every single year to US$2.44 trillion last year, more than double the levels of a decade ago. As the country contin- ues to invest heavily in infrastruc- ture, we expect it to continue its upward trajectory for the foreseea- ble future.” According to the GTB, business- es in India can expect ocean trade to further improve on already-high levels, largely thanks to demand for commodities and industrial mate- rials from overseas. Air freight demand is project- ed to remain stable at its current highs, sustained by growth in ma- chinery and technology imports. Both India’s air and ocean freight forecasts proved stronger than those of any other country in the GTB -- in large part due to every major sector making a positive contribution to the country’s trade. Developed jointly by DHL and Accenture, the GTB provides a quarterly outlook on future trade, taking into consideration the im- port and export data of seven large economies: China, South Korea, Germany, India, Japan, the United Kingdom and the United States. Together, these countries account for 75 per cent of world trade, making their aggregated data an effective bellwether for near-term predictions on global trade. The GTB, which assesses commodities that serve as the basis for further industrial production, predicts that global trade will continue to grow in the next three months, despite slight losses in momentum. YTO appoints Hactl, plans new routes YTO Cargo Airlines (YG) – the aircraft-operating arm of Chinese courier firm YTO Express – has appointed Hong Kong Air Cargo Terminals Limited (Hactl) as its handling agent in Hong Kong. YTO commenced operations in September 2015, and launched Wuxi-Hong Kong flights on 29 January, using a newly-acquired 30-tonne capacity B757-200F to operate the four-times-weekly service. Asiana adds Venice ASIANA Airlines plans to launch East Asia’s first scheduled flight to Ven- ice, Italy from Incheon, Korea 01 May 2018 using B777-200ER aircraft on Tuesdays, Wednesdays and Fridays. Later this year, the carrier will launch a direct flight to Barcelona, Spain from Incheon 30 August 2018 and the service will operate on Tuesdays, Thursdays, Saturdays and Sundays. Hong Kong was the airline’s first international destination and it now plans scheduled flights to Philippines, Russia, Japan, South Korea and Macau. Its parent, Shanghai-based YTO Express, is now the second largest network coverage parcel carrier in China (after China Post), handling 20 million parcels per day - mainly e-commerce goods. YTO Express is one of 14 partners that work with Alibaba’s Cainiao logistics subsidiary. The Cainiao network now averages around 42 million parcels per day.