Ethiopian will also incorporate its Cargo department into a new company dubbed ET Cargo Services, which it is envisioned, will make Addis Ababa into an African cargo hub. ET Cargo will transport cargo destined to Africa from Europe, the Middle East and Asia to Addis Ababa and from there it will haul the cargo shipments to different African countries. ET Cargo aims to win a major market share in the African cargo business. Ethiopian cargo has two B747F, 2B757F and 2 MD11F and with cargo aircraft Ethiopian has the largest cargo fleet in Africa.
In May 2006, Ethiopian inaugurated a new cargo terminal built at a cost of $30 million. The cargo terminal that lies on 1,400 sq.m of land has the capacity to handle 250,000 tones of cargo per annum.