Modern Logistics prepares for two-stage international expansion strategy
Brazilian cargo operator Modern Logistics is getting ready to embark on a two-stage strategy for international expansion.
The first phase is due to take place on August 15 and will focus on expanding Modern Logistics’ service to Colombia, Ecuador, Chile, Argentina and Uruguay.
The second phase is expected to target Mexico and the US within 6-12 months.
Cristiano Koga, Modern Logistics’ chief executive, said: “We will start with at least two weekly frequencies [for each route]. We are still defining the days of the week. In terms of capacity, it is 20 to 22 tonnes per leg.”
These expansions are being supported by Modern Logistics’ acquisition of two 737-800 Boeing Converted Freighters (BCFs) over the course of the past year which represents a significant upgrade to its fleet of air cargo aircraft.
Modern Logistics acquired its first 737-800 BCF in late 2023, which marked the first 737-800 ever within Brazil’s logistics industry.
Going forward, Modern Logistics claims it will acquire additional aircraft for underserved regional airports as part of its five-year plan.
Koga said: “We have options for expanding our fleet. With international accreditation, we will be able to acquire two 737-800 NG aircraft in 12 months.”
The firm says that the two new aircraft (leased through Babcock & Brown Aircraft Management) will significantly enhance its capabilities in expanding into other Latin American markets, particularly Argentina, Colombia, and Central America, as well as establishing a facility in Miami. For the first time, the larger and more efficient aircraft will position the company to more easily increase market share internationally.
Koga added: “We are very excited about the addition of two advanced airfraft to our fleet. The additional capacity and efficiency of the new aircraft will assure the future success of the company by hastening entry into international makets and better responding to the needs and requirements of our clients.”
READ MORE NEWS: Modern Logistics due to receive second 737-800BCF