All Flexport Articles – Page 4
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News
Flexport adds partner network
Flexport has expanded its reach by adding a network of partners that customers can utilise through its digital platform.The forwarder said that its "certified partner network" is an " industry-first ecosystem of logistics service providers".However, some have pointed out that freight forwarders have always utilised agency networks to expand their ...
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NewsAir cargo demand wanes as congestion puts the sector under pressure
Congestion on the ground is driving up air cargo rates and clogging up air cargo supply chains.Figures from analyst CLIVE Data Services show that demand decreased in November by 1.2% compared with October, reversing the usual trend of demand rising as the year draws to a close.Mirroring this decline, dynamic ...
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News
Transpacific airfreight rates reach new highs
Airfreight rates on the transpacific trade lane have continued to surge since the start of November as peak season demand kicks off and modal shift from ocean continues.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that last week prices on services from Hong Kong to North America ...
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NewsFlexport expands in Canada as supply chains face disruption
Image source: FlexportLogistics platform Flexport has expanded its presence in Canada with the opening of a new office in Toronto.The Toronto office — in which 15 team members will be based — will serve as Felxport's hub in eastern Canada, as well as complementing the company's existing presence in Vancouver.Flexport ...
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Delays of seven days for Shanghai cargo while 'super peak' approaches
Shippers and forwarders are facing delays of up to seven days on air cargo shipments from Shanghai Pudong International Airport (PVG) with the situation expected to ease in early September.Ground handling and ramp operations have been hit by a series of Covid cases over recent days that have resulted in ...
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Air cargo faces China supply chain disruption
New Covid quarantine rules for cargo workers at key gateways in China are putting air cargo supply chains under pressure.Over the last few weeks, Covid cases in China have begun to pick up as the country contends with the contagious Delta variant of the virus.To contain outbreaks, lockdowns and stricter ...
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NewsFlexport names general manager Germany
Freight forwarder Flexport has appointed Stefan Böhler as general manager Germany, effective from August 1.Böhler brings logistics and software expertise from having previously worked at CEVA Logistics, Kuehne+Nagel and DB Schenker in various management positions. Additionally, his most recent role was vice president of operations EMEA at Crane Worldwide Logistics.Böhler ...
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NewsFlexport appoints EMEA network trade lane director
Freight forwarder Flexport has appointed Paul Rombeek to the role of senior director of network trade lane management, Europe, the Middle East and Africa (EMEA).In his new role, Rombeek will develop the company's Europe airfreight operations "with a focus on the Far East westbound". He will also drive the company's ...
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News
'Biggest product launch in the history of mankind' set to hit general cargo
General cargo shippers using airfreight when a Covid-19 vaccine is launched are set to face capacity shortages and price hikes.During the recent joint TIACA and Pharma.Aero project Sunrays Project webinar, participants were asked what would happen with general cargo when a vaccine begins to be shipped.Neel Jones Shah, global head ...
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News
Airfreight rates up as capacity comes under pressure
Airfreight rates from key Asian hubs continued to climb last week as ocean capacity shortages and personal protective equipment shipments pick up.The latest figures from TAC Index show that average airfreight rates from Hong Kong to North America last week climbed for the fourth week in a row as they ...
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Airfreight rates predicted to rise over the coming months as capacity tightens
Airfreight rates from China and Hong Kong are set to rise again over the coming months as new product launches and a lack of capacity put load factors under pressure, according to freight forwarder Flexport.Last week rates out of Asia appeared to stabilise — and even crept up a little ...
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TAC Index: Air cargo pricing from China surges again
Airfreight rates from Shanghai to Europe and the US surged again last week as capacity on the trade lanes remained tight.The latest statistics from TAC Index show that prices on services from Shanghai to North America last week increased by 9.3% week on week to $6.95 per kg, which is ...
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NewsUnited and Flexport collaborate to deliver Covid-19 relief
To support the continued fight against Covid-19, United Airlines has collaborated with Flexport.org to ship essential medical cargo to frontline workers in California and New York.As part of the Frontline Responders Fund — a GoFundMe page launched by Flexport.org, the impact group that represents freight forwarder Flexport — millions of ...
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NewsFlexport alters air cargo strategy as supply chains diversify
Flexport has signed block-space agreements (BSAs) on freighter services from several Asian origins and cancelled its dedicated all-cargo service in light of changing supply chain strategies.For the last two years the San Fransisco-headquartered freight forwarder has offered a dedicated freighter between Hong Kong and Los Angeles operated originally by Western ...
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News
Air Cargo News' Top 10 most read in 2019
With 2020 already underway, the Air Cargo News team decided that now is an ideal moment to share our most popular stories from the past 12 months. Despite 2019 being a challenging – and at times, unpredictable – year, there were significant positives, as our list below shows.So, which stories ...
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News
Flexport announces Vietnam facility as manufacturers shift to Southeast Asia
Flexport has opened a new warehouse in Thu Dau Mot City, just outside of Ho Chi Minh City in Vietnam as manufacturers switch to the Southeast Asian country to avoid the ongoing China-US trade war.The new facility will serve as a "vital hub" for operations in Southeast Asia, the forwarder ...
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NewsFlexport partners with SF Express for smarter logistics in China
Henry Ko of Flexport Asia (left), and Keith Ip of SF Express GroupFreight forwarder Flexport is partnering with Chinese logistics specialist SF Express to offer a one-stop-shop for freight services, including full container load (FCL) ocean shipping and air cargo.Flexport and SF Express will connect data and platforms to provide ...
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NewsTIACA's sustainability program adds four strategic partners
Four new strategic partners, including Brussels Airport, Flexport, Oman Aviation Services, and Turkish Airlines, have signed up to back The International Air Cargo Association (TIACA)’s new Sustainability Program.They join CHAMP Cargo Systems, sponsors of TIACA’s inaugural Sustainability Award, which is a key part of the project.The program, headed by Celine ...
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News
Forwarders predict a slower peak season for 2019
Freight forwarders are not expecting to face the same cargo capacity shortages as they experienced on major trades in 2017 and 2018.Flexport’s global head of airfreight Neel Jones Shah said that in Greater China and Hong Kong, the peak season would be less pronounced that the last couple of years ...
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NewsFlexport launches trade finance solution
Flexport is launching a trade finance solution that it claims will help companies alleviate capital constraints caused by the US-China tariffs.Flexport said that because all client shipments are managed on its digital platform, with data down to the SKU level, it views risk differently than a bank would because it ...