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 our operational efficiency," said Ashwin Bhat, CEO of Lufthansa Cargo.
He added that this collaboration will not only help Lufthansa refine its shipping strategies but also ensure the carrier's position at the forefront of the industry, guided by data-driven decision-making.
As part of the new agreement, Lufthansa Cargo will also join the IATA CargoIS Direct Data (CDD) contribution program.
In the announcement, Lufthansa noted that this initiative facilitates the collective sharing and pooling of anonymized data among participating airlines.
It also empowers stakeholders to benchmark performance, identify industry trends, and make well-informed decisions within the competitive air cargo sector.
The 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," said Willie Walsh, director-general and CEO of IATA.
Walsh added that continuing and expanding IATA's partnership with Lufthansa Cargo underscores the importance of leveraging data-driven insights to enhance efficiency and sustainability in the air cargo industry.
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," the statement said.
