Auto & Transportation

On October 11, Yuantong Airlines opened its first international cargo route in Shanghai; On October 27, Kerry Logistics cooperated with Shunfeng to launch a new "international e-commerce express · Starmate Flow" scheme to promote the Southeast Asian market. The reporter learned from multiple channels that JD Airlines will also welcome its "first flight" in the near future... Despite the challenges of multiple market factors, the aviation logistics market in the fourth quarter is still very hot. Many insiders said that at present, the demand for all cargo planes of domestic cargo airlines is far greater than the actual inventory of the current market. From a medium to long term perspective, the aviation logistics industry has a good prospect, and its explosive force is expected to exceed the market imagination. Huacheng Import and Export Data Observation Report.

Accelerating the formation of aircraft fleet, giants anchor the "blue ocean" of air cargo

According to Huacheng Import and Export Data Observation, "Express companies without airlines are not real express companies." Yu Weijiao, chairman of Yuantong, said many times before. As the second private express company with its own full cargo aircraft in China, Yuantong Airlines is continuously increasing its layout in the aviation logistics field from the multiple dimensions of route network, fleet capacity, crew support, and base construction.

In the market-oriented competition, the global supply chain has posed a higher challenge to the comprehensive transportation capacity of enterprises, and the importance of aviation in multimodal transport has become increasingly prominent. In recent years, in the process of exploring the new "growth pole" of enterprises, major logistics companies, including Shunfeng, Yuantong, etc., have coincidentally focused on air freight, and a group of heroes has emerged.

"In order to match the international route, we have introduced six B757 and B767 full cargo aircraft, and continued to build a fleet of medium and large, medium and long range aircraft. In terms of supporting the development of domestic cargo aircraft, we have also reached cooperation with COMAC." The relevant person in charge of Yuantong Airlines told the reporter of Economic Reference Daily that Yuantong Airlines has also built aviation bases in Hangzhou, Xi'an, Nanning, Kunming and other places by virtue of its regional advantages.

JD Airlines, which is about to "fly for the first time", is also ambitious. It is reported that the company will take Nantong Xingdong International Airport as its operation base and introduce its fleet. According to previous planning, by 2025, its fleet size will reach 114. In addition, in 2020, Jingdong Logistics invested 3 billion yuan to acquire Crossover Express and cooperated with major airlines including China Southern Airlines, China Cargo Airlines and China Eastern Airlines Logistics.

In addition to the positive overweight layout of many private enterprises, the "national team" also moves frequently. China Trade Logistics, a subsidiary of China Logistics Group, announced a strategic cooperation with China Eastern Airlines Logistics, which will jointly provide global logistics solutions to large manufacturing customers; In August, Huamao Logistics planned to establish a freight airline jointly with Jiacheng International. In the future, if it obtains the air cargo license and other franchise qualifications, Sinotrade Logistics is also expected to become the second logistics enterprise to obtain the air cargo license this year after JD Logistics.

According to the Global Commercial Market Outlook released by Boeing, the annual average growth rate of global air cargo volume in the next 10 years is expected to be 4.3%; The average annual growth rate of global air cargo volume in the next 20 years will be 4.1%. In fact, in addition to the competition of domestic enterprises, the global market supply chain giants have also begun to enter the aviation logistics field. In September, Swiss Mediterranean Shipping (MSC), the world's largest liner company, announced that it had entered the air cargo market in an all-round way. So far, the world's top three maritime logistics enterprises, Mediterranean Shipping (Switzerland), Maersk (Denmark) and Daffy Shipping (France), have all joined the air cargo market. Huacheng Import and Export Data Observation Report.

The air cargo market recovered steadily during the year

"The scarcity of aviation license plates has always been an important bottleneck limiting China's aviation logistics industry, but recently, with the support of policies, the industry is expected to enter a period of accelerated development." Industrial Securities believes that in the future, the demand for cross-border e-commerce and time sensitive express delivery will continue to be strong, and the air freight will continue to benefit from the trend of continuous supply side volume expansion.

On the market level, air cargo and mail transport volume has been gradually recovering since the third quarter of this year. The business data of Air China in September showed that although its freight transport capacity input, cargo and mail turnover, and freight carrying rate all fell by a large margin year on year, the month on month value all rose to varying degrees; The above indicators of China Southern Airlines rose year on year in this month. The operating revenue of China Eastern Airlines Logistics in the third quarter increased by 22.03% year on year.

"From the supply side, under the influence of multiple factors, the global air cargo transport capacity is still tight. According to the data released by the International Air Transport Association IATA, the available tonnage kilometers from January 2022 to June 2022 fell by 8.9% compared with the same period in 2019; from the demand side, the global air demand from January to June increased by 2.2% compared with the same period in 2019 based on the cargo and mail transport volume, of which the international air cargo and mail transport volume increased by 2.5% compared with the same period in 2019." Recently, when answering investors' questions on the investor interaction platform, China Eastern Airlines Logistics said that in the medium and long term, China's aviation logistics is in an important strategic opportunity period with great potential. Huacheng Import and Export Data Observation Report.

Construction of aviation logistics hub in multiple regions

In the opinion of insiders, the scarcity of airport time limits the development of air cargo industry, while the construction of cargo hub can promote the division and agglomeration of industries, and solve the time dilemma of cargo aviation. With the successive completion of cargo aviation hubs, China's air cargo supply side space continues to release, and the industry will enter a high-speed development period. It is worth noting that since this year, Zhengzhou and Jiaxing have strengthened their layout around the construction of aviation logistics hub.

On October 26, Hubei International Air Cargo Project was included in the alternative project of the Asian Investment Bank loan, with a quota of 400 million US dollars. It is reported that the project will rely on Ezhou Huahu Airport, the first professional freight airport in Asia, to build a bonded warehouse, a transit logistics park, an international freight port, an airport comprehensive bonded area, an international multimodal transport comprehensive service information platform, and an innovative mechanism for coordinated development with the surrounding areas to improve Hubei's international air logistics capacity and international trade capacity. The reconstruction and expansion project of Nanning Airport (the second runway) also started on October 26. It is reported that the project will be designed according to the goal of meeting the annual passenger throughput of 48 million person times and cargo throughput of 500000 tons. The project will be put into use in December 2024, Huacheng Import and Export Data Observation Report.