U-Freight, the international freight forwarder and logistics service provider, commented on the recent air cargo statistics revealed by the International Air Transport Association (IATA), saying the figures reflect its own experience.
The report shows that air cargo demand, measured in freight tonne kilometres, grew by 8.8% in November 2017 compared to the same period last year. “Whilst the fourth quarter is traditionally a strong period in air cargo, we believe that much of the growth can be attributed to the air cargo logistics associated with the boom in cross-border e-commerce activities across the planet,” said Simon Wong, U-Freight Chief Executive Officer.
He goes on saying that the company saw the potential logistics business that could result from that growth really quickly. With their background in air freight logistics, they became pioneers in developing logistics services for the e-commerce market, which saw them being qualified by China Customs and CIQ as a licensed Cross-border E-Commerce Enterprise and a Cross-Border E-Commerce Logistics Service Provider.
“We have committed to investing in redevelopments at a number of our warehouses in China, South East Asia and North America to better equip them to handle the logistics associated with the ever-growing global e-commerce business. We have also developed systems that can connect e-commerce / e-shop platforms with relevant customs authorities and, which deliver data transparency. This is something that is on offer at all of our facilities around the world that offer e-commerce logistics services,” added Simon.
The e-commerce industry is thought to become the new engine of growth for the global economy and its value will keep rising with the increasing internet infiltration and recognition. By investing in infrastructure, services, and technology, U-Freight saw good results in bigger volumes in the air freight trade lanes.