Battle for freighter capacity intensifies as airlines reshape networks
A cluster of shocks is forcing freighter operators to finely balance their global capacity – ...
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By Alex Lennane
Another day, another bit of M&A. Today’s news is that the UK’s Cardinal Global Logistics has made a “strategic investment” in Australia’s Seabridge to boost its presence in Australia and New Zealand and support trade links with Asia. Cardinal has worked with Seabridge for the past five years. The Australian forwarder has five domestic locations and opened in Auckland last year.
Brian Hay, Cardinal group CEO, said it had only bought one company in its history, 20 years ago. “Delighted to have got this one over the line,” he said. The Business Desk reports.
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