Delta Air Lines partners with Trackonomy for cargo tracking

Published 02/10/2025, 15:06
© Reuters.

SAN JOSE - Delta Air Lines (NYSE:DAL), a prominent player in the passenger airlines industry with a market capitalization of $36.85 billion and annual revenue of $61.92 billion, has formed a strategic partnership with logistics technology company Trackonomy to enhance its air cargo operations through real-time tracking capabilities, according to a press release issued Thursday. According to InvestingPro analysis, Delta is currently trading near its Fair Value, with strong profitability metrics and a net income of $4.48 billion over the last twelve months.

The collaboration will implement Trackonomy’s tracking technology across Delta Cargo’s container and pallet fleet, providing visibility for both air cargo and ground operations. The system integrates with physical infrastructure to coordinate Unit Load Devices (ULDs), ground equipment, and labor resources in real time. For investors seeking deeper insights, InvestingPro offers comprehensive analysis with over 30 additional financial metrics and exclusive ProTips about Delta’s performance and outlook.

"Trackonomy technology materially improves airport operations," said Vishal Bhatnagar, Managing Director of Cargo Operations at Delta Cargo in the statement.

Trackonomy, which has been developing its aviation solutions for seven years, reports that its technology is currently orchestrating approximately 15 million shipments daily. The company states it is on track to equip about 12% of all air containers and pallets worldwide, representing approximately 120,000 units.

The technology has been certified for operation in 68 countries and approved by more than 100 airlines, supporting operations across more than 200 airports globally, according to the company.

The system replaces older legacy tracking systems with what Trackonomy describes as a long-range, multi-radio architecture designed for scale and reliability. The platform integrates with leading Cargo Management Systems to align with global performance benchmarks.

Erik Volkerink, CEO of Trackonomy, noted in the announcement that the company has "spent the last seven years quietly building this platform to meet the day-to-day needs of airline teams."

In other recent news, Delta Air Lines has declared a quarterly dividend of $0.1875 per share, which will be payable to shareholders of record as of October 16, 2025, with payment scheduled for November 6, 2025. This financial update comes as the airline continues to operate a vast network of flights across six continents. Meanwhile, Delta’s CEO, Ed Bastian, highlighted that U.S. consumers are financially stable but exhibit increased price sensitivity, particularly among lower-income groups. In response to concerns from U.S. lawmakers, Delta clarified that it will not use artificial intelligence to set personalized ticket prices, addressing fears of potential fare increases based on individual consumer data.

Additionally, a Delta flight was recently diverted to Minneapolis after experiencing severe turbulence, resulting in injuries to 25 people. The National Transportation Safety Board is currently investigating the incident. In another development, U.S. Transportation Secretary Sean Duffy has warned European nations against restricting transatlantic air travel, emphasizing that the U.S. is prepared to enforce existing agreements. These updates reflect Delta’s ongoing operational and regulatory challenges in the global aviation landscape.

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