Wednesday, August 14, 2024 Teleport, a comprehensive logistics firm, has forged a strategic alliance with Etihad Cargo to boost cargo capacity and service frequency across their joint cargo routes linking Southeast Asia and the Middle East, with an eye on future enhancements. This development occurs amid escalating demand for airfreight and increasing trade relations between these regions. The trade volumes between the Gulf countries and burgeoning Asian markets are experiencing robust growth, having surged 35% from US$383 billion in 2021 to US$516 billion in 2022, with projections to hit US$757 billion by 2030.
This growth notably outpaces that with Western nations such as the US, UK, and the Euro Area. Concurrently, the demand for airfreight has maintained a vigorous upward trajectory, with a 14.1% increase as of June 2024.
Since initiating their collaboration in May of this year, Teleport has utilized its freighters to transport an array of items for Etihad, including machinery, raw materials, and electronics, from Ho Chi Minh City to Kuala Lumpur bi-weekly. These shipments then connect via Etihad to Abu Dhabi and further destinations. The partnership capitalizes on the underutilized passenger belly capacity from vacation hotspots like Bali and Phuket, enhancing service efficiency by leveraging each other’s network strengths.
Etihad aims to expand its reach in Southeast Asia utilizing Teleport’s well-established regional presence, while Teleport gains access to Etihad�.