Well that's smart.
From SupplyChainDive, May 18:
Dive Brief:
- Air France-KLM and CMA CGM have signed a 10-year, exclusive air cargo partnership, the companies announced Tuesday.
- The two will combine their cargo networks, freighter capacity and dedicated services with the deal, per a news release. Their combined capacity currently consists of 10 full-freighter aircraft, with 12 more on order. Air France-KLM also has belly capacity in more than 160 long-haul aircraft.
- CMA CGM Group plans to take an up to 9% stake in Air France-KLM Group as part of the agreement, which “will reinforce its commitment in the air freight industry,” according to the release. The deal remains subject to approval by relevant regulators.
Dive Insight:
The arrangement will help CMA CGM advance its ambitions of offering customers end-to-end shipping and logistics services, CMA CGM Group Chairman and CEO Rodolphe Saadé said in a statement....
....MUCH MORE
As we saw last November, it is becoming more and more common for shippers to consider air freight and seaborne cargo as interchangeable if not strait-up substitutable:
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