Sonoco, Asiana Cargo Ink Lease Agreement For Pegasus ULD Container

Sonoco Products Co (NYSE:SON) unit Sonoco ThermoSafe has signed a global partnership agreement with South Korean airline Asiana Airlines Inc for leasing the new Pegasus ULD temperature-controlled bulk shipping container. The financial terms were not disclosed.
The agreement enables pharmaceutical freight forwarders access to Pegasus ULD containers directly from Asiana Airlines.
Sonoco ThermoSafe's Pegasus ULD is an FAA and EASA-approved passive bulk temperature-controlled ULD container for pharmaceutical use.
The Pegasus ULD contains a fully integrated, FAA-approved telemetry system providing real-time, cloud-based data on payload and ambient temperature and key environmental factors, synchronized with GPS location.
Price Action: SON shares closed higher by 0.47% at $59.89 on Friday.