All Flexport articles – Page 3
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News
Shanghai factories to restart production but supply chain issues continue
Factories in the Shanghai area are slowly returning to production in a closed-loop system but supply chain disruption is expected to continue for some time.Companies were last week asked to submit plans to stop of the spread of Covid-19 before they could re-start production.In total, 666 companies have been white ...
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NewsLockdowns spread in China as Shanghai measures could ease in May
Photo: ShutterstockShanghai lockdown measures that are impacting airfreight operations in the city and putting pressure on supply chains are expected to continue for the next two to three weeks.This is according to Flexport, which warned that although there is light at the end of the tunnel for Shanghai, cities near ...
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Supply chain costs to rise as Ukraine crisis bites
Freight forwarders are warning of higher supply chain costs as the impact of the invasion of Ukraine disrupts transportation operations.The forwarding sector said the airspace restrictions imposed by Russia, European states, Canada, the UK and in North America were forcing airlines to cancel and adjust services."Adjustments to flight schedules are ...
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InsightsPutzger perspective: Outlook bright and tight
Copyright: Jaromir Chalabala/ ShutterstockStrong air cargo growth is expected to continue in the first half of 2022, but with continued pressure on capacity, writes Ian Putzger.Despite, and partly because of, ongoing turbulence, air cargo keeps going strong. The industry flew through 2021 with an 18.7% increase in traffic over 2020 ...
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Ukrainian airspace closes while impact on trade expected
Ukrainian airspace has been closed as navigation services declare the region an active conflict zone.Early this morning, the European Union Aviation Safety Agency (EASA) issued a conflict zone information bulletin covering Kiev, Lviv, Dnipropetrovsk, Simferopol and Odessa flight information regions for all altitudes.Additionally, as a precautionary measure, the EASA said ...
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NewsFlexport is launch partner for Eastern Air’s express freighter service
Boeing passenger 777. Photo: BoeingFlexport has become the launch partner for Eastern Air’s express freighter service, with a multi-year contract using B777s with converted main deck cabins for e-commerce goods.US-based Eastern is expected to begin flying its B777 express freighters, once approved by the Federal Aviation Administration, on behalf of ...
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News
Natilus secures $6bn in purchases
Autonomous cargo drone developer Natilus has announced advanced purchase commitments of more than $6bn for the delivery of 440+ aircraft in pre-orders.Orders are from companies including Volatus Aerospace, Astral Aviation, Aurora, Dymond and Flexport.Earlier this month, Flexport completed a $900m investment round and has signed a Letter of Intent (LOI) ...
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News
Flexport secures funding as it looks to expansion
Flexport has secured $935m in funding to be used to "accelerate development of its technology platform" and expand.The freight forwarder said the money would allow it to add new locations and markets, continue building a "logistics tech ecosystem" and invest and partner with new companies in the industry.It added that ...
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News
Flexport turns to air cargo charters as it faces a robust market
Flexport has added more air cargo charter capacity in response to what it expects to be another robust year for airfreight.The freight forwarder has announced a deal with JetOneX, which currently operates B747Fs, to provide services on the Asia to Europe trade lane.The service will operate twice a week between ...
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News
Atlas Air and Flexport expand partnership
Atlas Air will expand its charter partnership with freight forwarder Flexport to add a third Boeing 747-400 freighter from September.This long-term charter agreement will broaden Flexport’s network of dedicated freighters to include service from Asia to Los Angeles (LAX), Miami (MIA) and soon, Chicago (ORD).The additional freighter will increase Flexport’s ...
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NewsFlexport appoints head of Europe
Douglas Brown. Photo: FlexportFlexport has appointed Douglas Brown, currently vice president Flexport Asia, as the company’s new leader for Europe.Brown replaces Jan van Casteren, who is leaving the company.After relocating to Flexport’s Europe headquarters in Amsterdam this March, Brown will focus on diversifying the digital freight forwarder and customs broker’s ...
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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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News
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 ...