TRANSPORTATION

Eastern Air Holdings and Flexport Announce Cargo Partnership Providing Net-New Capacity to Global Airfreight Market

Eastern Air Holdings | February 21, 2022

Eastern_Air_Holdings
Eastern Air Holdings and Flexport, the platform for global logistics, today announced a multi-year contract for cargo services that will bring much needed net-new capacity to the global airfreight market. Eastern is expected to begin flying its B777 Express Freighters, once approved by the Federal Aviation Administration, twice weekly between Chicago International Airport (ORD) and Hong Kong International Airport (HKG) as well as Chicago International Airport (ORD) and Saigon's Ho Chi Minh City Airport (SGN) on behalf of Flexport.

The Eastern B777 Express Freighter is the first of its kind to market, designed specifically for eCommerce goods, and provides much needed cargo capacity to the global supply chain with its low-cost, reliable solution. The innovative design converts the main deck cabin of the widebody B777, traditionally a passenger aircraft, into a true cargo aircraft that will enable Flexport clients – some of today's most valuable global brands and fast-growing eCommerce companies – to fulfill consumer demand and keep goods moving

The soon-to-be launched service will join Flexport's extensive tech-enabled global airfreight, container freight station (CFS) and trucking network. As all shipments are managed via the Flexport Platform, clients utilizing the Eastern B777 Express Freighter service will benefit from end-to-end control of their shipments and continuous milestone visibility. Part of a comprehensive supply chain strategy, Flexport clients shipping from Asia hubs into the United States Midwest can use Flexport Platform data to determine high value SKUs and prioritize shipments to control costs and maximize the value of Eastern's innovative solution.

There is an urgent demand to develop new solutions that alleviate the constricted global cargo market, Our partnership with Flexport, combining the large volume of our B777 Express Freighter with Flexport's leading edge eCommerce technology and logistics platform, will fill that unmet need and add new capacity to the global cargo market."

Steve Harfst, Eastern Air Holdings President & CEO.
 

Eastern has developed new, creative solutions to help solve the global airfreight capacity crisis, and we're honored to partner with them, Flexport client demand for airfreight has roughly doubled while global capacity has remained approximately 10% below pre-pandemic levels. Our strategic agreement with Eastern will provide critical net-new capacity to the market and bring our two innovative companies together to help meet demand and fuel growth."

Neel Jones Shah, Executive Vice President and Global Head of Airfreight at Flexport.

As passenger travel remains depleted, the cargo constraints impacting the global supply chain continue to persist. Eastern has purchased five Boeing 777s for cargo conversion, with an option to acquire 30 additional Boeing 777s. As eCommerce-driven demand continues to grow, this new capacity provided by Eastern, and partners like Flexport, will deliver an innovative solution to ease the pain.

Eastern Air Cargo offers general cargo sales, cargo charters, ACMI/wet-leasing and dry leasing in customizable routes.

ABOUT EASTERN:
Eastern Air Holdings Inc. is the privately held parent company of three operating subsidiaries:  (1) Eastern Airlines LLC, a U.S. Part 121 Air Carrier operating scheduled and non-scheduled, international and domestic air transportation with a fleet of B767 and B777 aircraft; (2) Alta Aero Technic LLC (formerly known as Florida Modification Specialists), a Part 145 repair station providing aircraft maintenance services to a variety of Boeing and Airbus widebody and narrowbody aircraft types including B767 and B777 aircraft based in Kansas City, MO; and (3) Foxtrot Aero LLC providing P2F STC development and engineering services.

ABOUT FLEXPORT:
We believe trade can move the human race forward. That's why it's our mission to make global trade easy for everyone. Flexport is the platform for global logistics—empowering buyers, sellers and their logistics partners with the technology and services to grow and innovate. Companies of all sizes—from emerging brands to Fortune 500s—used Flexport technology to move nearly $19B of merchandise across 112 countries in 2021.

Spotlight

Traditionally, retailing logistics plays primary role in considerations of this Conference. First section starts with analysis of contemporary retail trade as a driver of supply chains, and continues with significance of retail internationalization development in multichannel environment. Authors are also emphasizing interesting topic of emerging RFID technology in retail studied from younger consumers' point of view. This thematic section ends with discussion about scope and significance of

Spotlight

Traditionally, retailing logistics plays primary role in considerations of this Conference. First section starts with analysis of contemporary retail trade as a driver of supply chains, and continues with significance of retail internationalization development in multichannel environment. Authors are also emphasizing interesting topic of emerging RFID technology in retail studied from younger consumers' point of view. This thematic section ends with discussion about scope and significance of

Related News

SOFTWARE AND TECHNOLOGY,FREIGHT

Körber acquires enVista's omnichannel Enspire Commerce™ platform and global Freight Audit and Payment service

Körber | July 25, 2022

Körber has signed a definitive agreement to purchase enVista's Enspire Commerce™ platform and its Freight Audit and Payment (FAP) service. enVista's capabilities expand Körber's portfolio to enable businesses to deliver upon ever-increasing consumer expectations in today's highly competitive omnichannel landscape. Meeting today's consumer expectations requires digitization and integrated processes from order capture through to final delivery. With this acquisition, Kӧrber becomes a single, global provider of omnichannel commerce, fulfillment and transportation software. By combining Kӧrber's unique depth of software with enVista, organizations have a simple, compelling means of aligning and digitizing commerce and supply chain operations end-to-end. "Körber is the trusted fulfillment and distribution technology partner for thousands of organizations worldwide, Acquiring enVista's commerce platform enables our customers to manage the life cycle of the order from multiple demand sources and network-wide inventory. The freight audit and payment service provides a single source of transportation visibility and tracking typically not available in ERP or TMS solutions. This, with the addition of enVista CEO Jim Barnes and 400 commerce and transportation experts, furthers our ambition to be a global supply chain software champion through an integrated solution suite." -Chad Collins CEO Software, Körber Business Area Supply Chain. enVista's Order Management System (OMS), part of the Enspire Commerce platform, enables order visibility across channels and actionable data. These capabilities are heightened when used in tandem with Kӧrber's fulfillment solutions. As a result, customer demands are met in real time. Furthermore, the microservices-based, API-first, headless architecture enables rapid integration and scale – once again bolstered when integrated with Kӧrber's cloud-based solutions. The full functionality of enVista's Enspire Commerce platform goes beyond OMS. It spans order orchestration, enterprise inventory availability, store fulfillment, customer care, dropship, marketplaces, subscriptions, product information management (PIM), point of sale/mobile point of sale (POS/mPOS), mobile fulfillment and shipment experience management. enVista's FAP service will complement the business' OMS and WMS capabilities to provide unparalleled new levels of last-mile profitability, control, intelligence and customer experience. By providing a single source of transportation visibility while simultaneously optimizing and governing transportation spend, enVista and Körber empower tomorrow's supply chains to fully unlock the value of their transportation activities. "Leading retailers, distributors and brands realize commerce and supply chain solutions must integrate and digitize, Our next-generation omnichannel commerce and FAP solutions, combined with Körber's order fulfillment capabilities, deliver the seamless omnichannel brand experiences consumers expect. Körber's global sales, implementation and support capabilities will strengthen enVista offerings, providing new levels of value, competitive advantage and market momentum. I look forward to bringing my 30 years of experience in supply chain and commerce to the team." -Jim Barnes, CEO at enVista. enVista is one of "Seven Providers That Matter Most" in the Forrester 2021 OMS Wave Report. They are consistently named in the Gartner Market Guides for FAP Providers and DOM Solutions. Kӧrber's WMS has been named a Leader in the Gartner Magic Quadrant for Warehouse Management Systems a 4th consecutive year. Körber's global reach will increase with enVista's significant presence in North America, the UK, India and APAC. This announcement follows KKR's acquisition of a significant minority stake in Körber's supply chain software business in March 2022. Learn more here. The transaction is subject to customary closing conditions and regulatory approvals. About Körber Business Area Supply Chain Supply chains are growing more complex by the day. Körber uniquely provides a broad range of proven, end-to-end supply chain solutions fitting any business size, strategy or appetite for growth. Our customers conquer the complexity of the supply chain thanks to our portfolio that includes software, automation, mail and parcel solutions, voice solutions, robotics and material handling – plus the expertise to tie it all together. Körber helps to manage the supply chain as a competitive advantage. Conquer supply chain complexity – with Körber. The Business Area Supply Chain is part of the global technology group Körber, an international technology group with about 12,000 employees and more than 100 locations worldwide. Find out more on www.koerber-supplychain.com About enVista enVista is a global software, consulting, managed services and automation firm, optimizing and transforming physical and digital commerce for the world's leading manufacturers, distributors, 3PLs/LSPs, and omnichannel retailers. enVista uniquely optimizes and transforms physical and digital commerce – optimizing supply chain efficiencies to drive cost savings, and unifying commerce to drive customer engagement and revenue. These comprehensive capabilities, combined with enVista's market-leading Unified Commerce Platform, Enspire Commerce and the firm's ability to consult, implement and operate across supply chain, transportation, IT, enterprise business solutions and omnichannel commerce, allows mid-market and Fortune 100/5000 companies to leverage enVista as a trusted advisor across their enterprises. Consulting and solutions delivery are in our DNA. Let's have a conversation™. www.envistacorp.com

Read More

LOGISTICS

Delivery and Return Logistics Platform Veho Expands Last-Mile Package Solution to Five Midwest Markets

Veho | June 30, 2022

Veho, the customer-first logistics platform that powers next-day delivery for e-commerce brands, is expanding its premium last-mile delivery and returns solution further into the Midwest, with newly opened facilities in Cincinnati and St. Louis, joining previously opened facilities in Chicago, Indianapolis and Milwaukee. In the fall, Veho will also begin serving Cleveland-based customers and partners, bringing Veho to a total of six Midwest markets by end of year. The Midwest expansion enables Veho e-commerce partners to provide consistent and reliable next-day package delivery and doorstep returns to their customers, including real-time customer support, 99.9% on-time delivery rates, and an average 4.9 star customer rating. In addition to several dozen operations staff already in market, Veho will be adding over a hundred new full-time employees in the Midwest by the end of 2023 for the continued expansion and operation of the newly opened facilities. Moreover, thousands of independent driver-partners are already using the Veho app to earn. "As we continue to scale our premium customer experience across the U.S., doubling down on our growing Midwest customers and partners was a natural next step. We continue to focus on expanding our footprint in areas where our clients see the most value and are looking forward to bringing a new, customer-first delivery experience to the Midwest," -Itamar Zur, co-founder and CEO of Veho. With its company-operated facilities in-market, including sort centers and depots, Veho facilitates next-day delivery from a brand's distribution center all the way to customers' doors via its technology platform and a network of independent crowdsourced drivers. Veho's Midwest market will have over 300,000 sq ft of warehousing space after the opening of the Cleveland hub. Veho provides a transparent and predictable earnings opportunity for driver-partners, with the ability to independently select routes. Veho's proprietary technology powers a platform that seamlessly matches demand for deliveries with driver-partners, enabling them to collect packages from Veho hubs and deliver them to consumers on dense last-mile routes—including offering convenient doorstep pick-ups at a customer's request. "We couldn't be more excited about our Midwest expansion. In addition to bringing Veho's best-in-class customer experience to the region, our Midwest facilities will provide excellent full-time jobs, as well as convenient and flexible work opportunities for driver-partners," -Matt Neururer, General Manager for Veho Midwest. With the new openings in Cincinnati, St. Louis, and soon Cleveland, Veho will be serving 22 cities in five major U.S. regions to rapidly expand its platform that powers premium, next-day package delivery and doorstep pickups across the country. About Veho Veho is a technology company that is revolutionizing logistics to enable fast, transparent, and personalized deliveries that increase customer satisfaction and drive customer lifetime value. For e-commerce brands, Veho's platform facilitates personalized delivery and returns that protects brands' premium experience from their warehouse to their customers' doorstep. By leveraging live customer communication, in-market warehouse locations and a dynamic marketplace to seamlessly match demand for deliveries with last-mile driver-partners, Veho provides e-commerce brands with a complete solution to make delivery a new competitive edge. For more information, please visit https://shipveho.com.

Read More

TRANSPORTATION

Pony.ai and SANY Establish Joint Venture to Develop Next Generation of Autonomous Trucks for Mass Production

Pony.ai | July 28, 2022

Pony.ai, a leading global autonomous driving technology company, announced a strategic joint venture with SANY Heavy Truck (SANY), a subsidiary of SANY Heavy Industry, China’s number one heavy equipment manufacturer and the third largest heavy equipment manufacturer globally.Pony.ai and SANY will collaborate to create a world-leading autonomous truck brand. The two companies will deeply integrate Pony.ai’s "virtual driver" with SANY's technical accumulation in the field of wire-controlled chassis and vehicle development to jointly develop high-end heavy trucks that are automotive-grade and have L4-class redundancies. These trucks will inaugurate the future of truck logistics transportation. The joint venture plans to start small-scale deliveries of the robotrucks in 2022 and 2023. Mass production of the L4 truck will commence in 2024 and within a few years will reach an annual production of around 10,000 trucks. The first prototype of the autonomous truck was built on SANY's new EV truck platform and has already conducted road testing. The JV’s autonomous truck product portfolio will include a mix of new energy vehicles (NEVs) and fuel-based, with the aim to increase the proportion of NEV trucks in the future. The addressable market for trucking is substantial; in 2021 alone, heavy truck sales in China exceeded 1.3 million units. Once mass production is achieved, the partners expect the penetration rate of L4 trucks in China’s heavy truck market to increase steadily. “SANY has industry-leading heavy truck manufacturing technology and is pioneering the architecture of ‘new energy’ heavy trucks, intelligent network connections, and other key areas, Integrating Pony.ai's core autonomous driving technologies with the capabilities of SANY enables our joint venture to create a successful intelligent truck and logistics ecosystem for L4 autonomous trucking.” -James Peng, Pony.ai’s co-founder and CEO This partnership between SANY and Pony.ai is the ultimate collaboration between truck ‘body’ and truck ‘brain’ and thus makes it possible to mass produce high-level autonomous trucks. This partnership, which features complementary strengths and competitive advantages, will advance autonomous trucking and logistics well into the future and will lead to a safer, more efficient, intelligent logistics system,” said Liang Linhe, Chairman of SANY Heavy Truck. Pony.ai has always been committed to developing autonomous driving software and hardware solutions in-house. In June, Pony.ai released its autonomous driving controller (ADC) designed for automotive-grade mass production. The ADC is built on the NVIDIA DRIVE Orin system-on-chip and will fully enable the trucks produced by the joint venture. “The establishment of this new venture between Pony.ai and SANY is a significant milestone for the trucking industry, Powered by NVIDIA DRIVE, this next-generation of new-energy autonomous trucks will enable the delivery of goods to address ever-growing e-commerce demands without compromising safety and reliability — while reducing the transportation industry’s dependence on fossil fuels.” -Rishi Dhall, vice president of Automotive, NVIDIA. Today’s partnership announcement follows on the heels of the recently formed Cyantron joint venture between Pony.ai and Sinotrans, which commenced operations in April and aims to enhance the digitalization and intelligence of the transportation process. Creating partnerships with the top companies in both trucking and logistics is key to Pony.ai’s robotruck “golden triangle” strategy. Pony.ai has core autonomous driving technology, which is the key to enabling logistics and future heavy truck manufacturing; logistics companies have accumulated extensive transport experience and a strong customer base, while heavy truck manufacturers have the technical expertise in vehicle development and manufacturing. Cementing relationships between leading global partners creates a powerful standard and framework for future development in the industry. Consumers worldwide will benefit from the development of commercial-scale L4 trucking, including more robust supply chains, lower costs for delivered goods, enhanced road safety, and significantly reduced greenhouse gas emissions. According to Pony.ai’s robotruck operations experience, based on vehicle planning and control as well as route planning, autonomous trucks can save 10%-20% of energy compared with conventional trucks. In addition, with the gradual expansion of the JV’s new energy products, by 2030, the joint venture’s trucks will reduce CO2 emission by more than one million tons, equivalent to the CO2 absorbed by thousands of acres of forest. About Pony.ai Leading global autonomous driving technology company Pony.ai, Inc. (“Pony.ai”) is pursuing an ambitious vision for autonomous mobility. We aim to bring safe, sustainable, and accessible mobility to the entire world. We believe that autonomous technology can make our roads exponentially safer for travelers. Founded in late 2016, Pony.ai has been a pioneer in extending autonomous mobility technologies and services at a rapidly expanding footprint of sites around the world. Pony.ai has formed partnerships with leading OEMs, including Toyota, SANY, FAW Group, GAC Group, etc. To date, Pony.ai has accumulated 8.6 million autonomous testing and operation miles worldwide. About SANY Heavy Truck Established in 2018, SANY Heavy Truck (part of SANY Group) is a pioneer in the company’s digital and intelligent transformation. With SANY Group’s industry-leading R&D and manufacturing power, SANY Heavy Truck has launched fuel heavy trucks, electric heavy trucks, hydrogen energy heavy trucks, intelligent power exchange stations, and other industry-leading products. It ranked sixth in the tractor industry in 2020 and is the national sales champion for new energy heavy trucks in 2021 and the first half of 2022. In 2019, SANY and DEUTZ set up a joint venture to jointly develop and manufacture diesel engines; in early 2022, it signed a strategic cooperation with EVE and TELD to cooperate in new energy heavy trucks, power battery manufacturing and R&D, and battery gradient utilization. In 2022, SANY and Pony.ai will jointly carry out R&D, production, and sales of L4-level self-driving heavy trucks.

Read More