Ocean carriers’ air cargo ambitions put to the test
Market downturn poses challenge to launch, maintain scheduled services
Air cargo’s softening demand, tumbling rates and quicker-than-expected return of belly capacity is raising questions about ocean freight giants’ commitment to the industry. The COVID-19 pandemic triggered Europe-based, sea shipping companies Maersk, CMA CGM and Mediterranean Shipping Company (MSC) to each create their own cargo airline to provide customers with end-to-end, multi-modal logistics in an effort […]
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