News

Cargo Shippers Invest in Air Transport to Avoid Supply Chain Disruptions

During the height of the pandemic, two of the world’s largest ocean cargo shippers — Denmark’s Maersk and France’s CMA CGM — began investing heavily to make air transport a larger part of their infrastructure.

Earlier this year, shipping giant Maersk purchased Hamburg, Germany-based freight forwarder Senator International. The $644 million acquisition assimilated Senator’s logistical assets and established airfreight network into Maersk’s plan to make air delivery an integral part of its service. Maersk relaunched its formerly limited delivery option as Maersk Air Cargo.

Maersk has, so far, assembled a fleet of 15 transport planes and plans to add more Boeing 767s to its fleet later this year. The company both purchases and rents its planes and employs Denmark’s Billund Airport as a hub of operations. Maersk plans to transport a third of the cargo it flies each year using its wholly-owned air freight division, according to Freightwaves.com.

CMA CGM, the world’s third-largest container shipper, introduced its own service, CMA CGM Air Cargo, in 2021. It was the company’s first investment in an in-house fleet. The Marseilles-based company kicked off the operation with the purchase and rental of four Airbus A330 freighters. CMA CGM plans to have 12 planes in the air by 2026, operating out of Gaulle International Airport in Paris.

To compliment its fledgling fleet, CMA CGM also purchased a 9 percent stake Air France-KLM, as part of an agreement for the use of cargo space aboard the airlines, reports CNBC.

Shop! Association

Recent Posts

Mother’s Day Spending Expected to hit $33.5 Billion: NRF

Growing number of gifts are experiences, such as dining out

7 hours ago

Mango Adding Stores in Washington, D.C., and Boston

Spanish retailer plans seven locales in the two markets

8 hours ago

More Toys “R” Us Shops Headed to UK

Shops-in-shops to appear in another 30 WHSmith stores

8 hours ago

Ultra Pet to Be Acquired by Oil-Dri Corporation of America

The deal 'further strengthens Oil-Dri’s position as one of the largest cat litter producers in…

8 hours ago

Nestlé Purina Plans $195M Expansion in Wisconsin

The project will increase production of wet pet food brands in Jefferson by nearly 50%,…

8 hours ago

Skechers Debuts Concept Store in Brussels

New space features dedicated performance and apparel areas

8 hours ago

This website uses cookies.