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 has played a key role in shaping our strategic planning and improving operational efficiency. This extended collaboration helps us refine our shipping strategies and ensures our position at the forefront of the industry, guided by data-driven decision-making,” said Ashwin Bhat, CEO of Lufthansa Cargo.
Lufthansa Cargo will join the IATA CargoIS Direct Data (CDD) contribution program as part of the new agreement. 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. This program draws on transactions from more than 230 carriers, providing the most comprehensive insights into the commodities transported and the services rendered.
“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.
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