Far East Land Bridge (FELB), a railway operator with services between Europe and Asia, has found success in balancing its fleet and decreasing idle time through its collaboration with an online container logistics firm, Container xChange.
With a fleet of 2,600 containers, FELB sought a solution to rapidly hire additional units during times of high demand and prevent vacant shifting costs during periods of low demand.
According to the statement, in 2018, FELB joined Container xChange’s leasing platform, primarily using it to book one-way leases when additional containers were needed.
Through the use of Container xChange, FELB has gained 55 new reliable partners and leased over 4,700 containers since 2018, while reducing idle time for their fleet.
However, as they continued to use the platform, FELB also began supplying their own containers to the platform to balance their fleet and decrease idle time.
“Joining Container xChange has exposed us to great opportunities to balance our fleet,” noted Alexander Redkin, COO of FELB.
“Now, with xChange, we can easily find partners to move our containers from Europe to China and all our offers are well structured, saving us time on lengthy negotiations”, stated Liping Yang and Jinglin Guan, asset managers of FELB.
