CMA CGM Air Cargo, the startup airline of France-based shipping giant CMA CGM, abruptly dumped logistics customers and stopped selling its own service in the U.S. so it can lease the aircraft to other cargo airlines in an apparent effort to achieve profitability faster amid weakening market conditions, FreightWaves has learned.
Officials at the parent company confirmed that CMA CGM Air Cargo is no longer selling space to freight forwarders on its own cargo jets operating to Chicago…