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How freight brokers can protect themselves against LTL claims
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Cargo downturn hurts Asian carriers more than global competitors
Korean Air, the fifth-largest cargo shipping airline, on Wednesday said cargo revenue in the second quarter plunged 56% to $748.8 million, further illustrating how a weak freight market has impacted Asian carriers more than others. Korean Air has a fleet of 155 aircraft, including 23 widebody freighters (Boeing 747s and 777s). A strong recovery in…