Airblox is revolutionizing the airfreight industry with its groundbreaking digital platform launched in March 2022. Designed to simplify and digitize the allotment process, Airblox is a game-changer for buyers (Freight Forwarders) and sellers (Airlines) looking for a quick and efficient way to buy and sell airfreight capacity. Iyman Mustafa is the Head of Business Development, and Brian Kolb, Vice President of Strategy.
According to The Insight Partners research, the air cargo industry is a crucial part of global trade, estimated at $123.90 billion in 2022.
However, the industry has faced numerous challenges recently, including capacity constraints, lack of transparency, and inefficient allocation processes. Furthermore, with an increasing demand for e-commerce and same-day delivery services, the global air cargo industry is projected to grow at a compound annual growth rate (CAGR) of 5.9% by 2028. Therefore, the need for increased industry efficiency and transparency must be addressed.
Airblox addresses these challenges head-on by providing a standardized way of trading capacity in blocks through electronic contracts, known as eBSAs. The platform is rapidly adding new features, including partnerships with major industry players such as WCA, AFA, and NAP, resulting in significant growth in its customer base.
“When I was at United Cargo leading our revenue management team, I recognized the difficulty we had in managing the demand volatility within the booking window, especially in softer markets. Airblox is a game changer that helps airlines get ahead of the booking curve and increase their revenue in a simple, efficient manner, and I get excited watching our partners grow using our platform,” said Brian Kolb.
Airblox has been recognized with two prestigious industry awards: the STAT Times Innovative Solution in Air Cargo and the IATA Airline tech startups – Accelerate program. Sellers can make their capacity visible in under two minutes, making Airblox a hit across the industry. The platform’s flexible revenue strategies enable sellers to create buy now, auction (Bid), or “option” (Block) features, providing a seamless way for small to medium-sized forwarders to access multiple airlines’ future capacity.
Airblox’s vertical ability to integrate with logistics technology systems and financial services firms, such as banks, lenders, and insurance companies, enables frictionless payments and other benefits, creating a link between the financial and logistics industry. As a result, Airblox members can build and scale their businesses effectively.
Airblox has received positive feedback from early adopters who have experienced the benefits firsthand.
“As a freight forwarder, Airblox has been a game-changer for us. We now have access to multiple airlines’ future capacities and can create additional cost optimization strategies that were not available to us before. The platform is easy to use, which makes it a no-brainer for us,” said Osinachi Ukomadu, CEO, Heroshe.
“Airblox has simplified the allotment process for us, and the standardization of capacity into blocks has made it much more efficient. We appreciate the link between the financial and logistics industry, enabling frictionless payments and other benefits. We look forward to using the predictive analytics and future pricing forecasts on our trade lanes as Airblox continues evolving,” said Liana Coyne, Director at Coyne Airways.
Iyman Mustafa, Head of Business Development
iyman@airblox.com • (708) 215-1858
Brian Kolb, VP of Strategy
Brian@airblox.com • (760) 917-1523
www.airblox.com
