Lufthansa Cargo has invested in the digital freight marketplace, cargo.one. The 2017 startup has developed a platform for booking and marketing air cargo capacity. Stepping up its cooperation, Lufthansa Cargo has acquired a minority shareholding in the company.
The recent development follows from Lufthansa Cargo’s investment in the technology start-up, Fleet Logistics, in early 2018. Fleet Logistics acts as an online marketplace, matching customer demand for cargo services with free capacity provided by logistics companies. Lufthansa Cargo has also been cooperating with technology accelerator, Plug and Play, in an attempt to further develop and quickly implement new digital solutions.
Recently, the logistics industry has seen a number of investments in digital marketplaces as carriers and shippers look for increased flexibility and transparency in the market. Notable developments include Geodis’ investment in Upply and Hellmann Worldwide Logistics’ also partnering with cargo.one.
“The close cooperation between Lufthansa Cargo and technology startups melds comprehensive air cargo experience with a technology-driven, fresh view of global logistics processes”, said Boris Hueske, Head of Digital Transformation at Lufthansa Cargo. “By acquiring a share in cargo.one and Fleet Logistics, Lufthansa Cargo is emphasising its strategic commitment to elevating the air cargo industry to a higher level of digital maturity”, said Hueske.
Source: Lufthansa Cargo
