All Flexport articles – Page 5
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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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News
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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News
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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News
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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News
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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News
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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News
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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News
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 ...
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News
Flexport the latest forwarder to secure airfreight space over capacity concerns
Flexport has become the latest freight forwarder to charter aircraft capacity for the peak season in order to avoid capacity shortages.The US forwarder revealed that it will charter a Boeing 747-400F aircraft from Atlas Air Worldwide for use on the transpacific tradelane. The first flight will from Hong Kong on ...
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Flexport in line for $110 million funding
Online freight forwarder Flexport is reported to be closed to securing $110 million worth of funding reports Forbes, which says that the San Francisco based company is on its list of billion-dollar start-up companies.The latest Series C funding will bring total capital invested to $204 million, it adds.Flexport founder and ...
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News
Flexport to invest in cross-dock facilities
Forwarder Flexport will invest in a network of consolidation facilities as it looks to gain greater control over supply chains.Speaking to Air Cargo News at the Air Cargo Europe event, Flexport chief executive Ryan Petersen revealed that the company had just signed deals for facilities in Hong Kong and Los ...
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News
Flexport goes online in Hong Kong
US-owned forwarder Flexport has opened an Asian regional headquarters in Hong Kong.Backed by Founders Fund, Google Ventures, Bloomberg Beta, Y Combinator and others, Flexport is a licensed freight forwarder built around an online system which provides clients with real-time shipment visibility and analytics for international routes, rates, speeds and customs ...
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