Accounts Deceivable: Inaccurate billing is costing carriers millions

A major global airline was moving large volumes of high-value, pharmaceutical freight for several customers. Due to the sensitivity of the cargo, the carrier had made significant investments in special temperature-controlled facilities that could accommodate expensive Envirotainers to keep the cold chain intact. After some time, however, the carrier noticed that revenues from the service […]

IATA’s CASS billing system goes live in Russia

As cross-border trade continues to heat up, IATA and the global banking industry agreed that it’s time for Russian airfreight to come in from the cold. IATA’s Cargo Accounts Settlement Systems (CASS) has gone live in Russia, in partnership with Russian bank VTB and carrier Aeroflot. CASS simplifies the billing and settlement of accounts between […]