Perishable produce puts more pressure on tight air cargo market

A sheet of strawberry cartons being scanned by a warehouse worker.

The competition for scarce aircraft to transport international cargo is about to get even more intense, especially for exports from the U.S. West coast, as seasonal fruit growers look to squeeze their way onto already crowded aircraft. 

Expectations for a strong growing season combined with high fruit demand around the world point to robust exports this year. California cherry harvesting went into full swing earlier this month. After that, stone fruits like peaches and apricots head to market,...

https://www.freightwaves.com/news/perishable-produce-puts-more-pressure-on-tight-air-cargo-market

Real estate mogul Sam Zell acquires perishables forwarder Able Freight

A refrigerated container ready to be loaded on a plane.

Self-made billionaire Sam Zell’s investment company has acquired Able Freight, a Los Angeles-based international airfreight forwarder that specializes in transport of perishable goods.

Equity Group Investments, Chicago,  this week said it purchased a majority stake in Able with management participation from CEO Orlando Wong to tap the growing cold-chain logistics sector. 

Terms of the transaction were not disclosed.

Able Freight focuses on temperature-controlled shipments, especially exports, of...

https://s29755.pcdn.co/news/business-mogul-sam-zell-acquires-perishables-forwarder-able-freight