Monday, June 24, 2024
Freightos® unveils one-stop dashboard for data and market updates

Freightos® unveils one-stop dashboard for data and market updates

Freightos® (Nasdaq: CRGO), a leading freight booking and payment platform, has unveiled Freightos Terminal, a one-stop dashboard that provides industry stakeholders with the data and market updates, trends and insights that they need to stay informed. This allows logistics professionals to optimise their international shipping and keep supply chains running smoothly and cost-effectively in an uncertain world.

International freight is always prone to disruption: to labor disputes, increasingly frequent storms, conflict and fluctuating demand. When the pandemic hit supply chains in 2020, boardroom leadership took notice, with supply chain mentions in annual reports doubling from 2019 to 2022.  Yet, even today, as freight prices have dropped and supply chains have begun to normalise, interest in logistics intelligence persists.  A recent Freightos survey of 200 supply chain professionals found that 92% of multinational supply-chain organisations expect to remain as engaged with freight intelligence as they are now, with 60% expecting  to be engaged even more.  The leading use for data among logistics professionals and shippers is to explain decisions to internal stakeholders and clients, followed by improving price negotiations and optimising operational decisions.

READ: Open for business: Three Chinese master loaders available for air booking on WebCargo

To meet this need, and built upon the popular Freightos Baltic Index (FBX) of container shipping rates, Freightos Terminal provides a suite of powerful data, analysis and news tools.  The Terminal brings together several key data. Firstly, custom market intelligence reports with fresh and accurate market pricing, scheduled and actual transit times data on individual lanes, rate benchmarking, expert forecasting and analysis.  Secondly, the Freightos Baltic Index (FBX) and the Freightos Air Index (FAX), the world’s leading spot market container and air cargo indexes, respectively.  And the Market Feed, which provides live feeds on critical events that affect pricing and transit times in a given route, from gathering storms in Jakarta, ramp-up of blank sailings and GRIs on Transpacific routes, to upcoming holidays in Asia and labor disruptions in Germany.

“Accurate data is mission critical.  Whether it’s labor strikes, natural disasters, pandemics or geopolitical shocks, disruptions are a constant that can be mitigated but not eliminated,” Zvi Schreiber, CEO of Freightos, said. “Keeping a competitive edge depends on access to quality supply-chain data. Our Freightos Terminal will provide that and more.  We’re proud that Freightos Terminal is supporting supply chain agility and cost-effectiveness, keeping goods moving smoothly around the world.”

READ: JetBlue Cargo to offer real-time cargo pricing, eBooking and payment for US forwarders via WebCargo

“Freightos’ Terminal is the solution for industry stakeholders looking for both a bird’s eye view of current market trends and a granular picture of port-to-port events, pricing and transit times,” Anton Barr, VP Market Data at Freightos, added.

As one Freightos user, Dan Smith, a logistics manager at Briggs & Stratton, shared, “Freightos’ allows us to remain competitive with the marketplace.  As a leading lawn mower and snow tractor manufacturer that moves products in 100+ countries on six continents, we rely on Freightos’ FBX as a ‘true north’.  Their data helps us answer questions from suppliers, and our senior executive team, as to whether our rates are competitive. In the past 18 months, because of data we were seeing regarding West Coast labor disruptions, we biased way more of our materials towards the East Coast, relying heavily on Freightos’ platform to do that.”

Picture of Edward Hardy

Edward Hardy

Having become a journalist after university, Edward Hardy has been a reporter and editor at some of the world's leading publications and news sites. In 2022, he became Air Cargo Week's Editor. Got news to share? Contact me on Edward.Hardy@AirCargoWeek.com

Newsletter

Stay informed. Stay ahead. To get the latest air cargo news and industry trends delivered directly to your inbox, sign up now!

related articles

ALTA Aviation: Operational excellence is the key to making aviation the safest mode of transportation

WorldACD: General cargo outpacing special cargo growth in 2024

Westlake Global Compounds Selects FourKites for Real-time Supply Chain Visibility