News in Brief podcast | Week 30 2024 | Surcharges, strikes and IATA's stressful settlements
In this episode of The Loadstar’s News in Brief Podcast, host and news reporter Charlotte Goldstone ...
© Rodolphe Trider
By Alex Lennane
IATA is causing “severe financial strain” for start-up and SME forwarders that could propel them out of business.
The airline association has been accused of anti-competitive and unfair commercial practices, and could face legal action as forwarders look to complain to national competition authorities.
The problems stem from an October 2022 change in IATA’s resolutions that means CASS associates are now obliged to provide financial guarantees to be able to access the payments system.
Companies say not only are the rules unfair, but ...
Comment on this article
Andrew Robins
July 17, 2024 at 3:35 amFor the airlines to accept this is short-sighted as the SME forwarders pay more money per kilo to the carrier, which is huge over the long term.
If an SME forwarder has to co-load via the multinationals to avoid increased guarantees, the airlines lose.
I wonder if there was ever a conversation between the big boys and CASS.