Deal signed to develop Asia-US e-commerce cargo routes

To develop e-commerce cargo routes between Asia and the US, Global Crossing Airlines (GlobalX) has signed an MoU with FreightCloud. The joint service using GlobalX Airbus A321 freighters may begin early 2023, moving to GlobalX-owned A330 freighters later that year, stated a release. FreightCloud’s financial partner Hudson Highland Partners will provide financing for the collaboration. The partnership will help FreightCloud in developing its Asia to US services by distributing shipments from hubs in Los Angeles, Chicago, and New York to destinations across the Americas. Ed Wegel, Chair and Chief Executive at GlobalX. “The partnership will enable our cargo division, XCargo, to participate in the lucrative Asia to US cargo market, first with our narrowbody freighter fleet and eventually with our A330F fleet currently being planned,” the statement read.