Belgium-based Cargo B Airlines has ceased operations, effective immediately
The airline's board announced today that, due to the global recession, it had no choice but to take the difficult decision to stop operations
Cargo B was able to stay on target as far as the load factors were concerned, but as a result of the market situation, the yields were lower than required to make the operation viable
With no sign of any last-minute investor coming in to rescue the business, and with no improvement in the current economic climate foreseen in the near future, Cargo B's board was forced to shut the airline down just three months short of its second birthday
eft caught up with Fred Hartung, VP of Supply Chain Solutions & Logistics, Jabil at the Hi-tech conference in Amsterdam
Following on from a fascinating infographic Morai Logistics recently released on women in the Logistics Industry, eft organised a panel of five women, all leaders in the logistics at the 12th 3PL Summit, June 2014, Chicago.
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