Airlines slash freighter capacity post-de minimis, but 'the worst is yet to come'
Airlines have already significantly cut freighter capacity since last week’s de minimis change in the ...
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By Alex Lennane
It could be bad news for Freightos, which this month outlined plans to list on Nasdaq in the second half via a SPAC – essentially a merger with a shell company with no underlying business, which is already listed.
But last week, digital trucking platform Transfix said it had postponed its merger with a SPAC by six months because of the unfavourable climate for such transactions.
That, according to colleague and Premium head Alessandro Pasetti, could well equate to, or read: “Pulled”.
And ...
Comment on this article
Neil Johnson
June 24, 2022 at 12:16 amSome of these valuations do not appear to be based on realistic expectations of the value that might be created for investors in the long term, but appear to draw on parallels with other business verticals which have been shown to harbour archaic practices and hitherto apparently intractable inefficiencies.
I’m definitely not in the log-tech bashing camp in the way that many established logistics professionals appear to be, especially it seems when it comes to Flexport, but I also recognise that some solutions touted as ‘the future of supply chain’ don’t go far beyond an improved UI/UX, which if we are honest is the low-hanging fruit in the laundry list of potential improvement areas.
I do think however that a handul of overblown valuations will ultimately work to the detriment of the much larger group of innovators who understand where the bodies are buried in current freight and logistics practices, and who are earnestly seeking to chart an incrementally better future for the industry.