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Flexport to cease its B747-400F operation from first day of Chinese New Year

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Logistics Update Africa
Flexport to cease its B747-400F operation from first day of Chinese New Year

 

January 13, 2020: Freight forwarding and customs brokerage company Flexport will end its own dedicated freighter service B747-400F on January 25. Thereon, the forwarder will instead be moving to an asset-light model, having entered into a series of block space agreement with Plus Logistics, a wholly-owned subsidiary of Nippon Cargo Airlines (NCA).

The termination happened earlier than expected because of worsening market conditions and diversifying freight patterns in response to the US-China trade war. Flexport is now turning to Southeast Asia, where its clients’ year-on-year volumes from Vietnam grew by double digits, while those from the Philippines increased by triple-digit percentages.

 

https://www.logupdateafrica.com/flexport-to-cease-its-b747-400f-operation-from-first-day-of-chinese-new-year-aviation

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