Freightos expands digital air cargo offering with HNA Cargo
Freightos announced the addition of Hainan Airlines (HNA Cargo), a top-five airline in China, to its leading WebCargo digital air cargo booking and payment platform. This collaboration marks a significant expansion of capacity available for forwarders on the platform in Asia Pacific and Europe. Additionally, WebCargo’s digital payment solution now supports transactions with HNA Cargo, […]
Freightos’ strong growth: Focused on digitalising international freight
Freightos Limited, a leading vendor-neutral digital booking and payment platform for the international freight industry, reported financial results for the quarter ended March 31, 2024. “We are pleased with the strong first quarter of the year, which highlights the robustness and growing acceptance of our platform, and the strides we are making in digitalizing international […]
Delta Cargo partners with Freightos’ WebCargo and 7LFreight for instant digital quotes and bookings
WebCargo by Freightos, a leading independent booking and payment platform for the international freight industry, is excited to announce a new collaboration with Delta Cargo. The collaboration enhances Freightos’ WebCargo and 7LFreight platforms’ offering to freight forwarders by providing expanded access to real-time digital pricing and booking options for Delta Cargo’s U.S. export and domestic […]
Fits Cargo Partners with WebCargo by Freightos to ignite digital sales
Freightos, a leading vendor-neutral booking and payment platform for the international freight industry, announced a partnership between WebCargo by Freightos and Fits Cargo, an innovative carrier that combines a physical airline operation with interline agreements with over 160 airlines. This collaboration enables Fits Cargo to extend its service across WebCargo’s extensive network of thousands of […]
Changing operations with technology
Southeast Asia is one of the most crucial export economies globally, boasting major manufacturing hubs in Indonesia, Malaysia, Vietnam, and India. The region plays a significant role in manufacturing and serves as a substantial consumer market. This dual dynamic of manufacturing and consumption has created a substantial opportunity for businesses, especially in the context of […]
Freightos progresses towards profitability
Freightos Limited has reported financial results for the quarter ended 30th September 2023. “We are pleased with our third quarter results, marking the 15th straight quarter of robust growth in the number of transactions. This is a clear indicator of how strongly our value proposition is resonating, despite the current industry downturn.” said Zvi Schreiber, […]
Freightos Announces Record Transactions for 2023’s Q3
Freightos Limited, a leading, vendor-neutral booking and payment platform for the international freight industry, has reported Q3 2023 Key Performance Indicators. The third quarter of 2023 was the 15th consecutive quarter of record transactions booked on Freightos’ platform, with 269 thousand transactions, up 40% from Q3 2022 and 12% from Q2 2023 and exceeding management […]
Ex-Asia rates spike on August GRIs
August General Rate Increases (GRIs) pushed ex-Asia ocean rates up sharply to start the month on a combination of demand rebounds and stricter capacity reductions by carriers. Transpacific weekly average rates increased to $1,672/FEU to the West Coast last week, and $2,677/FEU to the East Coast. But West Coast prices have climbed to $1,900/FEU so […]
Electrolux Group taps Freightos for real-time procurement of airfreight
Electrolux Group, a global leader in home appliances, has announced a new partnership with Freightos, the leading global freight booking platform, to improve its freight booking process across its forwarders and carriers. The partnership follows a successful proof of concept addressing efficiencies in cost estimation, booking, and end-to-end tracking and air-freight visibility. In a volatile […]
Rate slide eases on transpac
Transpacific ocean spot rates continued to ease last week, with prices to the West Coast now down 18% from their GRI-driven mid-April climb. Some observers see early signs of a rate war in this retreat, and indeed, a smaller share of capacity has been removed in May compared to April even as rates have declined.Carriers […]
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 […]
Driving digitalisation through partnerships
Collaboration is a key pillar of the strategy employed at WebCargo by Freightos, as the company builds a leading platform for live air cargo rate distribution and bookings between hundreds of airlines and 3,500+ forwarders across over 10,000 forwarding offices. In an effort to make global trade as frictionless as possible, WebCargo embraces the moniker […]
Open for business: Three Chinese master loaders available for air booking on WebCargo
WebCargo by Freightos, the leading cargo booking and payment platform, has partnered with three of China’s leading master loaders to offer global forwarders real-time access to Chinese air cargo export capacity. This innovation allows the thousands of forwarders on WebCargo across Europe and North America to compare prices, book and pay across Sinotrans Global E-commerce […]
Freightos Lists on Nasdaq
Freightos Limited, a leading global freight booking and payment platform has announced the closing of its business combination with Gesher I Acquisition Corp., a special purpose acquisition company. The combined company will operate as Freightos Limited. Ordinary shares and warrants of Freightos will commence trading on the Nasdaq under the ticker symbols “CRGO” and “CRGOW”, […]
IAG Cargo’s sixth Cargo Live episode
IAG Cargo has hosted the sixth installment of their LinkedIn Live series, with guest commentary from Webcargo by Freightos, Seabury Cargo and Neutral Air Partner. The full 30-minute recording is available here, and detail on the speakers are as below: Christos Spyrou, CEO and founder, Neutral Air Partner (NAP) [04:40 – 15:55] Christos gave insight into […]
LATAM Cargo goes live with eBookings on WebCargo
Over the past three years, air cargo has undergone a digital revolution, driving more reliable, accurate, and accessible supply chains. This is particularly important in South America, which exports approximately $1 trillion of goods annually. Digital air cargo is expanding to South America with LATAM Cargo, the largest South American carrier, offering real-time pricing and […]
Freightos to raise growth capital and become public
Freightos Limited and Gesher I Acquisition, a special purpose acquisition company, have entered into a definitive merger agreement that would result in Freightos being publicly listed on the NASDAQ under the ticker symbol FROS. The combined entity, to be known as Freightos, with offices around the world, will have a pro forma enterprise value of […]
Freightos goes live with digital payment to forwarders and airlines on WebCargo platform
While freight technology has grown increasingly efficient, the separation of freight procurement and payment remains a hurdle, leading to cumbersome reconciliation, time wasted on transfers to multiple partners, and expensive credit guarantees. After facilitating well over 100,000 digital ebookings between forwarders and carriers in Q1 of 2022, WebCargo by Freightos is the first cargo booking […]
Freightos launches carbon calculator
Freightos, a global freight pricing and booking platform, has launched a free, standards-compliant carbon calculator tool that allows freight forwarders, importers, and exporters to estimate and compare emissions for specific shipping routes and modes. Importers, exporters, and forwarders can embed the CO2 calculator into their websites or platforms, driving more informed and sustainable booking decisions […]
Qatar Airways Cargo expands implementation of WebCargo by Freightos
Qatar Airways Cargo announces the further rollout of third-party eBooking platform, WebCargo by Freightos across most of the rest of the world, effective 23 August 2021. Forwarders in the carrier’s worldwide network will be able to place eBookings from both, its online and offline origins with access to live rates and capacity on the WebCargo […]
Qatar Airways Cargo rolls out WebCargo by Freightos throughout USA
Qatar Airways Cargo will further roll out of third-party eBooking platform WebCargo by Freightos across the United States of America, effective July 19 2021. Forwarders in the USA will be able to conduct eBookings with access to live rates and available capacity on the WebCargo platform. This will further improve their booking experience with the […]
WebCargo Vista goes live
A year of unprecedented shifts in global freight’s pace and volatility has changed shippers expectations of forwarder customer service. In response, WebCargo, a Freightos Group company, has launched WebCargo Vista. This best-of-breed digital freight rate management and online freight sales portal taps into over a decade of freight tech experience to improve sales and communication […]
FedEx joins Freightos
Freightos.com, the world’s largest freight marketplace, is partnering with FedEx to help the largest customs-entry filer in the US digitize and provide a user friendly shipping experience. Through this partnership, Freightos Group is helping FedEx reach 150,000+ global importers and exporters that are currently registered on the world’s largest shipping marketplace. The move with no doubt see FedEx […]
WebCargo acquires Air Freight Bazaar
WebCargo, a Freightos company has acquired Air Freight Bazaar, a regional air cargo rates and sales platform based in Chennai, India. The acquisition combines WebCargo’s advanced air cargo rates, sales and eBooking platform, used by over 1,400 forwarders with Air Freight Bazaar’s market share of 300 regional air forwarders. Air Freight Bazaar customers will receive […]
Freightos and Lufthansa Cargo make “quantum leap in cargo booking”
Lufthansa Cargo and Freightos are taking a “quantum leap in cargo booking” with an instant online eBooking system. Through application programming interface (API) services, forwarders will be able to instantly look up contracted rates, assess capacity and book cargo on specific flights in real-time. The companies say that e-commerce drove the nine per cent growth […]
Freight forwarders are failing to meet customer expectations
Freight forwarders are finally embracing digitalisation but their failure to meet customer expectations is holding them back, Freightos’ third annual Mystery Shopper report has found. Though the report found that there has been greater progress in embracing digital sales in air freight forwarding services than in the ocean, only three of the top 20 forwarders […]
Shippers look to the sea as airfreight rates remain sky high
Shippers are increasing looking to switch from airfreight to ocean as air rates continue skywards and congestion at airports around the world, according to the Freightos International Freight Index. In its Freightos Index Update W49 2017 report, it says rates are sky-high, with significant congestion in the run-up to Christmas affect domestic and international freight […]
Freightos adds CO2 footprint estimate to Marketplace quotes
Freightos will provide a CO2 footprint estimate on every shipping service offered on the Freightos Marketplace, allowing customers to optimise their route and mode selection according to CO2 emissions. It says incorporating CO2 footprint calculations with freight quote options, as well as offering a free API and embeddable CO2 calculator, Freightos is enabling enhanced visibility […]
Freightos Marketplace comes to the UK
Freightos is bringing its online freight marketplace to the UK to provide comparison, booking and management services for importers and exporters. The online international shipping marketplace says freight technology is stuck in the 1970s with inaccessible information, lack of transparency and offline communications resulting in companies wasting days on freight quoting and overpaying on shipping […]
Survey finds forwarders think industry will soon be largely automated
A survey by Freightos has found 75 per cent of freight forwarders predict their industry in five years time will soon be running like personal banking – with high automation augmented by the personal touch. The online booking portal’s findings were in a report on the state of service differentiation in the era of digital freight in […]