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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M&A activity in the freight forwarding sector is frantic today: Panalpina announced two acquisitions; UPS bought an Irish delivery firm; and Groupe Cat began talks with SNCF Logistics.
And it seems Panalpina’s purchase of two forwarders in as many days does not mark the end of the acquisition trail – more buys are planned.
The group has acquired Denmark’s Carelog and Kenyan forwarder Air Connection – less than a year after purchasing Kenya’s Airflo.
The twin Kenyan buy forms part of a strategy aimed at expanding Panalpina’s perishables activity, ...
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