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Shanghai airfreight up 16 percent

PRESS RELEASE

January 14, 2015: Shanghai Pudong Int'l Airport Cargo Terminal Co., Ltd. (PACTL) has achieved tonnage growth of 16.15 percent year-on-year, reaching a total figure of 1,502,113 tonnes of freight in 2014. After setting a series of monthly records, PACTL has now registered the strongest annual results in the company's history.

PACTL's domestic cargo volume grew by 6.25 percent year-on-year to 97,336 tonnes in 2014, while its international cargo volumes rose by 16.91 percent to 1,404,777 tonnes. Imports increased by 16.85 percent to 597,956 tonnes, while exports showed growth of 15.69 percent and reached a total figure of 904,157 tonnes in 2014.

"We were not only able to meet, but even exceed our positive expectations at the end of the year with record results of 1.5 million tonnes of air freight handled in 2014. We particularly welcome the significant growth rates for imports, as they indicate an increasing balance in the flows of commodities and will therefore help our customers to make their transport cycles more efficient. We're not anticipating any decline in figures at the moment and therefore expect developments to continue at a similarly high level in 2015," says Lutz Grzegorz, Vice President of PACTL.

PACTL is a Sino-German joint venture based at Shanghai Pudong International Airport (PVG). It brings together three shareholders – Shanghai Airport (Group) Co., Ltd. (51%), Lufthansa Cargo AG (29%) and JHJ Logistics Management Co. Ltd. (20%).

Based on recent figures, PACTL employs more than 2,200 people and serves 52 permanent and several charter customers. PACTL handled about 1.5 million tonnes of air freight in 2014.

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