Flexport’s first weekly Trans-Pacific private cargo flight between Los Angeles and Hong Kong is set to be in motion in April. This announcement was made on March 9, 2018.
Exporters, manufacturers, and trading companies based in Southern China, parts of Greater China, and the Asia Pacific, will be delivered reliable end-to-end freight forwarding services. Despite the market having air freight space constraints, Flexport will continue to offer thorough, dependable, and systematic freight forwarding service to their customers. Such action will be done by merging the private air freight service with its strong online supply chain management platform.
The private air freight service that is operated by Boeing 747-400 freighters will increase its weekly flight operation to three; further raising the total cargo capacity to 2,400 tons per month. Flexport mentioned that there will be an increase in their air freight capacity and customers will be granted accessibility to space at a reasonable rate.
Customers of Flexport can observe and track their shipments in real-time whether they are in the sky or departing from the airport to the warehouse. The safety of the shipments need not be worried about as Flexport’s service will definitely have increased quality, reliability, and visibility.
Despite the growth of the global air freight capacity, there is still a disparity of market supply and its demands. As specified by International Air Transport Association (IATA), the global air freight capacity increased by 3% in 2017 but it is still behind the 9% increase in the market’s demand.
According to Global Head of Airfreight and Senior Vice President of Flexport, Neel Jones Shah, there is a soar in demand for better efficiency and more flexible air freight services. He believes 2018 will be the year of demand following last year air freight market’s volume growth. With hope to achieve an annual revenue growth target of 300% globally, Flexport will operate their own private cargo flights.
Through the continuous integration of online and offline service, Flexport enables innovation and the growth of smart logistics in Greater China and Asia. Flexport’s Asia Managing Director, Henry Ko emphasised the company’s intention to boost their technology investment, talent, logistics infrastructure and service in Greater China.
Flexport will continue to search for opportunities to serve the market’s demands and widening their service to more customers and partners.