Airline Cargo

Four reasons why a strong air cargo community matters

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Communities form the bedrock of civilization and have played a critical role in human evolution. Just as society benefits from the integration of different communities, so does the business world. Communities are not new to the airline industry. Reflecting the success of alliances from the passenger business, various commercially-driven communities also exist in air cargo. But non-commercially focused communities also exist, such as the working groups led by various industry bodies. As the scope of digitalization broadens and its pace accelerates, newer technology-driven communities have emerg...

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Four strategic considerations and four critical features to drive digital air cargo sales and distribution success

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As cargo airlines accelerate and expand their digital transformation programs to improve how they manage their business, the same trend is beginning to permeate across the wider ecosystem. On the sales and distribution front, airlines know that relying on legacy forms of communicating with freight forwarders and digital marketplaces is unsustainable.  Existing industry standards don't enable seamless integration, real-time exchanges, and richer interactions between value chain stakeholders. They're a limitation to growth, efficiency, productivity, and seamless customer experiences. Forwar...

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How Lufthansa Cargo is unlocking efficiencies and closer collaboration with its ground-handling partners

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Anyone who works in the air cargo industry knows how critical ground handling operations are, to ensuring that shipments are efficiently processed through to their end-destination. This is a complex area with many checks, processes, regulations, and stakeholders. It´s also where air cargo carriers and ground-handlers deliver on the customer promise and established service level agreements. Yet, despite accelerated and customer-centric digitalization across most industries, air cargo has been lagging. For decades, ground-handling has relied on outdated messaging standards, processes, and system...

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How automation in revenue accounting boosts air cargo revenues and operational efficiency

How automation in revenue accounting boosts air cargo revenues and operational efficiency

Automation improves operational efficiency by accelerating the processing of repetitive tasks and reducing the risk of human error. From the revenue accounting standpoint, automation also improves revenue recognition through improved quality audits and faster invoicing, accounting, and reconciliation. Let´s explore six key areas where automation generates significant improvement in air cargo revenue accounting. 1. Quality audit  Detecting and correcting errors post invoicing is costly. It's time-consuming and requires a lot of effort between the stakeholders to resolve discrepancies resul...

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Giving air cargo cashflows a little more oomph with innovative payment solutions

Giving air cargo cashflows a little more oomph with innovative payment solutions

Technology is transforming air cargo with innovation being injected right across the value chain. But there's one area that's due for little more tender love and care: air cargo payments. It's a complex issue with so many different currencies, systems, processes, and stakeholders to deal with when connecting the dots between shipment origin and destination. And this is why it typically takes 30-45 days for payment remittances to come through after service completion when unexpected surprises don´t appear. But the reality is that unexpected charges can accrue quickly across the different phases...

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