Lufthansa Cargo buys into US-based online freight services marketplace

Lufthansa Cargo has taken a stake in Fleet, a US-based online marketplace for freight services.

The move is indicative of a developing trend within the wider logistics community that sees major players investing in tech start-ups.

The German flag-carrier said its acquisition of shares in Fleet was part of a “strategic commitment” towards improving airfreight’s “digital maturity level”.

However, the airline would not confirm the number of shares purchased, or if the deal was linked to Logistics Tech Accelerator, founded via LC’s partnership with RocketSpace in 2016.

Chief executive of Lufthansa Cargo Peter ...