US CBP sees 90% fall in revenue last month; airfreight sees ecomm slide
February may have been the month in which the US suspended its de minimis exemption ...
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By Alex Lennane
Poor market conditions are making the logistics industry, and air cargo, more attractive to outside investment.
“We love the market right now,” said Andy Popovich, chief executive of Ventus, an infrastructure investment and asset management firm.
“When there is ’blood on the street’ – a low-rate market such as this, you can do deals. Air cargo hasn’t been blessed with capital-chasing deals. But we can create value, drive the industry forward.”
Jos Jacobsen, MD of ACL Airshop, agreed now was a good time ...
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