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Unique Logistics Adds 52 New Cargo Charter Flights from Asia to the United States

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Unique Logistics International (OTCMKTS: UNQL) has announced a partnership with Korean Air to introduce 52 additional cargo charter flights from Vietnam to the United States, effective from August 1, 2021, to December 31, 2021. This initiative aims to enhance air cargo capacity for the company’s customer base. Since its start on May 27, 2020, UNQL has been expanding its share in the freight forwarding market, particularly in Asia, reflecting its commitment to growth in logistics services globally.

Positive
  • Agreement with Korean Air for 52 new cargo charter flights boosts logistics capacity.
  • Continued market share expansion in Asia since inception.
Negative
  • None.

NEW YORK, May 6, 2021 /PRNewswire/ -- Unique Logistics International, Inc. (OTCMKTS: UNQL) ("Unique" or the "Company"), a global logistics and freight forwarding company, is proud to announce that it has entered into an agreement with Korean Air to add an additional 52 cargo charter flights for the period of August 1, 2021 through December 31, 2021. These additional flights will be from Vietnam to the United States and are anticipated to create additional air cargo capacity for the Company's customer base.

Since its inception, May 27, 2020, UNQL successfully and rapidly expanded its market share in the freight forwarding business in Asia. "This is in line with our strategic priorities and goals," said Sunandan Ray, Chief Executive Officer, "We are going to make a concerted effort to continuously expand our foothold within Asia to better serve our growing customer network in the US and around the world."

ABOUT UNIQUE LOGISTICS INTERNATIONAL, INC.
Unique Logistics International, Inc. (OTCMKTS: UNQL) through its wholly owned operating subsidiaries, is a global logistics and freight forwarding company providing a range of international logistics services that enable its customers to outsource to the Company sections of their supply chain process. The services provided are seamlessly managed by its network of trained employees and integrated information systems. We enable our customers to share data regarding their international vendors and purchase orders with us, execute the flow of goods and information under their operating instructions, provide visibility to the flow of goods from factory to distribution center or store and when required, update their inventory records.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things our plans, strategies and prospects -- both business and financial. While we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to Unique Logistics International, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.

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SOURCE Unique Logistics International, Inc.

FAQ

What is Unique Logistics' recent announcement about cargo flights?

Unique Logistics announced it will add 52 cargo charter flights with Korean Air from Vietnam to the United States from August 1, 2021, to December 31, 2021.

How will the new cargo flights affect Unique Logistics' operations?

The new flights are expected to increase air cargo capacity for Unique Logistics' customer base, supporting its operational goals.

When was Unique Logistics founded?

Unique Logistics was founded on May 27, 2020.

What is the stock symbol for Unique Logistics?

The stock symbol for Unique Logistics is UNQL.

What markets is Unique Logistics focusing on for expansion?

Unique Logistics is focusing on expanding its market share primarily in Asia.

UNIQUE LOGISTICS INTL INC

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