New air cargo capacity crunch fears drive Flexport and 3PLs toward freighters

September 17, 2020 Alex Lennane

The prospect of sustained capacity shortages, as bellyhold capacity recovers slower than anticipated, is prompting forwarders to sign freighter deals.
At the beginning of the year, Flexport replaced a dedicated freighter agreement with block space deals with several carriers; now, a dedicated cargo flight is a possibility again.
“We’re considering any path that allows for sufficient capacity,” said Neel Jones Shah, global head of airfreight.
“Reduced passenger traffic means Flexport will have to ...

The post New air cargo capacity crunch fears drive Flexport and 3PLs toward freighters appeared first on The Loadstar.

Previous Article
BBG: Lineage raises $1.6bn amid demand surge for cold storage
BBG: Lineage raises $1.6bn amid demand surge for cold storage

BLOOMBERG reports: Cold-storage specialist Lineage Logistics raised $1.6 billion from investors including O...

Next Article
‘The shambles that is Felixstowe port is costing everyone time and money’
‘The shambles that is Felixstowe port is costing everyone time and money’

The UK’s biggest container port at Felixstowe (POF) is buckling under the strain of a “sharp spike in impor...