Shanghai-based YTO Express Group recently announced it will build an international aviation logistics hub with a total investment of 6.6 billion yuan (29 billion baht) in Jiaxing, Zhejiang province in eastern China. YTO Express is partnering with the local government to develop the hub which will benefit from Jiaxing's location, economy, infrastructure facilities and consumer market.
The hub is expected to raise the company's freight handling capacity to 2.4 million tonnes by 2050. On a larger scale, this hub will help cement the country's position as the global aviation logistics hub. According to an Aviation Industry Corporation of China report, China is expected to have 723 civilian cargo aircraft by 2038, up from 161 in 2018.
In addition, YTO Express plans to build a transport center, a logistics technology research and development center and a commercial hub in the region.