However, the Chinese New Year demand and potential escalation of military conflict in the Middle East could drive air cargo charges further in the coming weeks.
The company has revealed a newly branded component to its restructuring—a “tricolor network,” sorting its FedEx Express aircraft fleet into three categories.
The new Contested Logistics System-300 Nautical Miles (CLS-300) will enter propulsion tests before June and flight tests by the end of 2024, the company said.
UPS says the new HKG facility will have the capacity to handle around 1 million tons of cargo annually, although the expected build cost has not been revealed.
Atlas described its latest order as underscoring a commitment to grow its 777F platform, and “meets our strict return guidelines for investing in aircraft.”
The strategic plan aims to transform Liège Airport into a hub connected by rail, water and air, starting with the construction of three unloading warehouses.
The HKIA Dongguan Logistics Park will allow air cargo to be security screened, palletized and accepted by airlines in Dongguan, before it is shipped to HKIA.