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FreightSource: The Loadstar ↗Source date: Historical information

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Samsung SDS to acquire Woojung Air to expand airfreight business

Samsung SDS is expanding its airfreight operations through a reported takeover of South Korean consolidator Woojung Air, gaining airline capacity procurement expertise and a wholesale customer base of more than 1,200 freight forwarders.

Samsung SDS is expanding its airfreight business with the takeover of South Korean consolidator Woojung Air, according to local media reports. The move is described as adding airline capacity procurement expertise and a wholesale customer base that includes more than 1,200 freight forwarders.

The deal would strengthen the Samsung group's position as a logistics supplier to other cargo owners, according to the report. Samsung SDS already sells forwarding services through its digital platform Cello Square.

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