As ocean rates fall, Maersk awaits a modal shift from air to sea
As ocean freight rates continue to fall, Maersk says it expects to see modal shift ...
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By Alex Lennane
Great story from Eric Kulisch at Freightwaves, on CMA CGM Air Cargo pulling its own US services to lease its aircraft to other carriers as the market sinks: it is no longer selling space between Europe and Chicago and Atlanta. Is it lack of experience and fear of the downturn? CMA has picked executives from its maritime side to run the airline, which it has insisted to The Loadstar, is managed by the shipping line group, and not Air France-KLM, with which it has done a deal.
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