All Flexport Articles – Page 5
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News
Flexport switches freighter flights to new operator
Freight forwarder Flexport has switched its transpacific air charter operation from Western Global to a service run by Plus Logistics, a Nippon Cargo Airlines (NCA) subsidiary, and Atlas Air.A spokesperson for the company said that the switch was made on July 8 without a single missed flight. Atlas Air operates ...
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Traditional forwarder systems designed to be secure, not to share data
If the future is all about data sharing and transparency, then traditional freight forwarder IT systems are not the natural place to start, according to Moritz Claussen, co-founder of online booking platform cargo.one.“They were designed to be secure, not to share data,” he explained to delegates at the Air Cargo ...
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NewsFlexport makes two senior appointments as it continues digital drive
Kevin Paige (L) and Mehmet Goker (R)Freight forwarder Flexport has appointed Mehmet Göker as chief data officer (CDO) and Kevin Paige as chief information security officer (CISO).Flexport chief executive Ryan Petersen said: "Hiring top talent for the CDO and CISO roles was an extremely important priority for us. Data and ...
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A mixed picture for rates as air cargo shows some signs of a pick-up
Airfreight rates on the transpacific trade are expected to begin picking up over the coming weeks after hitting their low point for the year.The latest data from Tac Index shows that average prices between Hong Kong and North America stood at $3.38 per kg in March.However, derivatives broker FIS said ...
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Flexport secures $1bn investment for infrastructure and technology
Freight forwarder Flexport has secured $1bn in funding, which will be used to invest in technology and infrastructure.The investment round was led by the SoftBank Vision Fund, with participation from existing investors Founders Fund, DST Global, Cherubic Ventures, Susa Ventures and SF Express, which has previously invested $100m in the ...
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Cargo.one takes aim at synchronised shipping
There are many examples of ideas coming about by chance -— from penicillin to Post-it Notes -— but the airfreight sector can now lay claim to having its own serendipitous discovery in the shape of cargo.one’s real-time online spot market booking platform.The platform’s story begins when its founders were exploring ...
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Forwarder Flexport expands management team
Freight forwarder Flexport has appointed three new people to its management team as it looks to continue to grow.Sudhanshu Priyadarshi has been appointed chief financial officer, Huey Lin is president of Asia, and Jeff Thomas as chief marketing officer.Priyadarshi will lead all financial operations for the company. He has more ...
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NewsAir cargo braces for the impact of trade tariffs
The introduction of trade tariffs is set to hit the air cargo industry, despite the possibility of an initial boost.Reports have suggested that the various trade tariffs that have been introduced over the last few months could result in a rush to transport goods before they come into force, with ...
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Flexport: new LA facility will support Hong Kong charters
San Francisco-headquartered freight forwarder Flexport has leased a 136,685 sq ft industrial facility in the South Bay area of Los Angeles.A statement said: “Now operating a charter flight from Hong Kong a few times a week with plans to intensify ahead, Flexport needed the building in order to be bonded ...
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News
Hactl handles Western Global's freighter flights for Flexport
Florida-based freighter operator Western Global Airlines (WGA) has appointed Hong Kong Air Cargo Terminals Ltd (Hactl) to handle its first scheduled service into Hong Kong.The new twice-weekly Boeing 747-400F service between Hong Kong and Los Angeles is being operated as part of WGA's three-year contract with US forwarder Flexport.The airline ...
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Flexport secures more funding through investment from SF Express
Chinese express giant SF Express has invested $100m in Flexport as the company looks to continue its rapid expansion.Flexport said it would use the investment to expand operations in China and around the world. The company recently revealed to Air Cargo News it has set the target of increasing revenues ...
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DHL expands airfreight operation in response to Asian demand
DHL Global Forwarding is expanding its round-the-world freighter operation to meet demand growth on Asian and transpacific trades.The forwarding giant said that it would a deploy a second dedicated Boeing 747-400F — ACMI-leased through Atlas Air — to connect the US, Europe and Asia, following on from the launch of ...
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Western Global scoops three-year Flexport freighter deal
Western Global Airlines has been selected by freight forwarder Flexport to run its Hong Kong-Los Angeles scheduled freighter service, revealed earlier this week.The three-year deal will see Western Global provide a dedicated Boeing 747-400F twice-weekly service between the two hubs starting on April 5.In September, as the industry begins to ...
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Flexport adds scheduled freighter offering
Freight forwarder Flexport will offer "in-house" scheduled airfreight services from April this year following on from its ad hoc charter flights last year.The forwarder said that beginning April 5 it would offer round-trip flights between Hong Kong and Los Angeles twice per week utilising a B747-400F aircraft.The decision to launch ...
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NewsAirfreight rates start the year ahead of 2017 levels
Airfreight rates started 2018 ahead of last year but there were some signs of a slowdown in line with seasonal demand trends.The latest data from Tac Index shows that in January average prices on major transpacific, transatlantic and Asia-Europe routes were all up on a year ago.On services from Hong ...
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Flexport launches recruitment drive as it opens new German office
Flexport has opened a new office in Hamburg, Germany, and will recruit more than 100 employees over the next three years to fill positions at the facility.The new office will be the company's second European station and comes as the forwarder has set an ambitious revenue growth target of 300% ...
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A380 saved as Emirates places order for 36 aircraft
Dubai-based Emirates has signed a Memorandum of Understanding (MoU) to acquire up to 36 additional A380 aircraft, the giant aircraft which had been facing the axe due to a lack of demand.Following the order, Airbus said production of the aircraft would continue for at least the next ten years, while ...
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Flexport signs up for CHAMP’s Traxon CargoHUB
Flexport, the San Francisco-based freight forwarder that also offers a web-based app to provide customers with real-time visibility of their shipments’ progress, has integrated its systems with the CHAMP messaging platform Traxon cargoHUB, as well as with the latter’s Premium Tracking service.As part of that process of switch-over, it has ...
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NewsAirfreight rates continue to rise as sector faces capacity crunch
Airfreight rate growth continued on an upward trajectory in November with hopes the strong performance could continue in December as forwarders continue to report a tightening of air cargo space.The latest figures from TAC Index show that in November average rates on services from Hong Kong to North America increased ...
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Black Friday boosts airfreight peak season
The annual post-Thanksgiving Day tradition of Black Friday ushers in the ‘official’ start of Christmas shopping. Having originated in the US, it is fast becoming a global phenomenon with far-reaching effects on the supply chain, with online sales complementing high street spending.According to the BBC, this year’s Black Friday sales ...