Cool airfreight deal

Airlines are fighting back against competition from liner shipping companies. They see innovative technologies as a means of holding onto their share of the growing and high-value pharmaceutical, biotechnology and life sciences business. Recently, Cathay Cargo signed a long-term global rental agreement with Tower Cold Chain for its range of temperature-controlled units.

Last year, airlines handled significantly more freight than in 2016. In particular, the mode gained market share from maritime services in the specialised cargo handling sector, as several airlines and integrators came up with new origins/destinations, more focused sales
strategies, and innovative solutions.

K&N is acquiring both US-based CFI Commodity Forwarders, Inc and one of Kenya’s biggest perishables specialists Trillvane Ltd, to further its position in providing end-to-end fresh chain solutions

Freightos, incorporated in Hong Kong, has acquired WebCargo-Net, a Barcelona-based company that has developed an online network for distributing air cargo rates from airlines to freight forwarders, and from forwarders to importers and exporters directly.