Record Q4 for Lufthansa Cargo as its faith in ecommerce pays off
Lufthansa Cargo said it had a record set of results in the fourth quarter – ...
By Alex Lennane
Lufthansa Cargo is hoping to boost its dwindling coffers by taking full control of expedited contingency logistics provider time:matters.
The carrier has bought the remaining 51% of the company, which it helped found in 2002, from financial investor Aheim Capital and time:matters management.
Time:matters offers same-day delivery in Europe and worldwide, using a variety of airline partners as well as the road and rail networks. It has its own courier terminal at Frankfurt Airport and moves about 500,000 shipments a year amounting to some 10,000 tonnes.
It serves ...
Comment on this article
Jackson
August 09, 2016 at 2:08 pmWhen are LH going learn that what their customers want is a simple, no frills service at a competitive price? They continually try to invent new ideas (nothing wrong with that) but give mixed messages – one week TD Basic (because they are over priced relative to competition on their other products) a “cheap” product and the next they try to attract direct customer business (how much does that cost them to set up / monitor etc) followed on by spending millions on Time Matters – it isn’t turnover that makes a difference – it is flight utilization/cost control/consistency that will lead to success.