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Cargo Newswire

Lufthansa Cargo Extends IATA CargoIS Agreement

March 14, 2024
in Airlines, Associations, Sustainability
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Hong Kong – The International Air Transport Association (IATA) announced that Lufthansa Cargo has renewed and expanded the scope of its agreement to utilize CargoIS for its air cargo data needs, extending a partnership that has spanned over a decade.

“We are pleased to announce the extension of our partnership with IATA through CargoIS. The market intelligence IT has provided us over the years and has played a key role in shaping our strategic planning and improving our operational efficiency. This extended collaboration not only helps us to refine our shipping strategies but also ensures our position at the forefront of the industry, guided by data-driven decision-making,” said Ashwin Bhat, CEO of Lufthansa Cargo.

As part of the new agreement Lufthansa Cargo will also join the IATA CargoIS Direct Data (CDD) contribution program. This initiative facilitates the collective sharing and pooling of anonymized data among participating airlines. It empowers stakeholders to benchmark performance, identify industry trends, and make well-informed decisions within the competitive air cargo sector. The CargoIS data set draws on transactions from more than 230 carriers, providing the most comprehensive insights into the commodities transported and the services rendered.

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“Our decade-long partnership with on market intelligence related to air cargo highlights the value of IATA’s cargo data products and trust in our data intelligence solutions. CargoIS helps our customers to make better strategic decisions. Continuing and expanding our partnership with Lufthansa Cargo underscores the importance of leveraging data-driven insights to enhance efficiency and sustainability in the air cargo industry,” said Willie Walsh, IATA Director General and CEO.

IATA’s CargoIS provides comprehensive market intelligence on the air cargo industry. The platform covers an expansive network of over 80,000 unique city-to-city trade lanes, offering stakeholders—including airlines, freight forwarders, airports and shippers—insights into market dynamics. CargoIS transforms vast data sets into actionable insights enabling users to navigate the complexities of the air cargo market efficiently, fostering competitive advantage and operational excellence.

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Devender Grover

Devender Grover

Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He was closely associated with the Indian State Transport Undertakings and Ministry of Transport in his role as Corporate Communications and PR specialist for over two decades handling domestic and international organizations. He ventured into business forming his own Media House, Profiles Media Network Private Limited which is now a twenty years old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of the Air Cargo, Cargo Business, Cargo Airports, Freighters and Cargo Industry at large.

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