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Lufthansa Cargo invests in more tech startups to digitise supply chain

GERMANY's Lufthansa Cargo has acquired a minority shareholding in Berlin-based startup cargo

Lufthansa Cargo invests in more tech startups to digitise supply chain

GERMANY's Lufthansa Cargo has acquired a minority shareholding in Berlin-based startup cargo

10 December 2018 - 19:00

GERMANY's Lufthansa Cargo has acquired a minority shareholding in Berlin-based startup cargo.one that was founded in 2017 and has developed a platform for more efficient booking and marketing air cargo capacity by offering dynamic spot rates.

'Cargo.one is another important step towards the digitisation of our industry. We are impressed with the technology and user-friendly product,' said Lufthansa Cargo CEO Peter Gerber.



Said cargo.one founder Moritz Claussen: 'Air cargo capacity worldwide can be made available online through our innovative distribution technology. Accordingly, we want to grow to become a global leader.'



This latest acquisition follows hot on the heels on Lufthansa Cargo's investment early this year in a technology startup, Fleet, based in Portland, Oregon. Founded in 2014, the company acts as an online marketplace, matching customer demand for cargo services with free capacity provided by logistics firms.



The air cargo airline has also been cooperating since February 2018 in the role of anchor partner with technology accelerator Plug and Play of Sunnyvale, California, a technology accelerator that brings technology startups and established companies together.



They combine their efforts within the supply chain and logistics platform, which is focused on supply chain startups, to further develop and quickly implement new digital solutions. The programme provides an opportunity for logistics players to network with and learn from each other, exchange ideas and drive digitization, reported Wisconsin's Aviation Pros.


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