China's cargo industry appears to be moving toward consolidation as airfreight players look to mitigate damage from continuing losses that have resulted from the global economic downturn. According to an industry insider, Chinese logistics giant Sinotrans has signed a cooperative agreement with China Eastern Airlines and "is considering selling some or all of its stake" in Grandstar Cargo International Airlines, the joint venture carrier it launched with Korean Air last year (ATWOnline, June ...

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