News / PayCargo won't allow dispute with CNS to shake its plans for global expansion

© Olavs Silis

News today that PayCargo has secured a $125m series B investment from private equity firm Insight Partners has been overshadowed by the abrupt ending of its relationship with IATA’s US arm, Cargo Network Services (CNS).

CNS said last week it had decided to “to sever its relationship with PayCargo, based on a lack of business compatibility principles”.

But Eduardo Del Riego, PayCargo’s chief executive, told The Loadstar: “We have a philosophical difference with the new president of CNS, Frédéric Leger.

“The view of ...