Freightos’ connectivity study: Only a handful of air carriers make the grade

In its latest benchmarking study of air cargo carriers’ “digital maturity,” or their ability to connect with their customers through digital applications, Freightos said the industry has made great strides in its digitalization efforts, but it lags far behind the progress made in oceanfreight and is limited to only a handful of large carriers. The […]
  • Randy Woods
  • February 21, 2019

Freightos raises $44.4 million with SGX group

Hong Kong-headquartered online cargo marketplace Freightos has raised $44.4 million in a funding round led by investment company Singapore Exchange (SGX), bring its fundraising revenues at $94.4 million to date. Freightos’ online marketplace has evolved since the company’s launch as an online freight shipment price comparison tool in 2016, With over 1,200 logistics companies using its […]
  • Nina Chamlou
  • September 18, 2018

Freightos, Lufthansa Cargo collaborate on instant ‘e-booking’ of air cargo

In an effort to hasten the digitalization of the airfreight industry, online cargo marketplace Freightos has teamed up with Lufthansa Cargo to create a new online portal through which forwarders can compare rates and book air cargo space nearly instantly. By combining Freightos WebCargo and Lufthansa Cargo’s application programming interface (API) services, enabling forwarders to […]
  • Randy Woods
  • July 23, 2018

Freightos survey says forwarders are running out of time to modernize

Freight forwarders have come a long way toward adopting digital processes over the last three years in anticipation of the e-commerce revolution, but time is rapidly running out for the laggards that have not yet embraced digitalization. A recent study conducted by Forrester Research for online logistics firm Freightos said some forwarders may be out […]
  • Randy Woods
  • March 30, 2018

Freightos survey reveals shortcomings in global shipping industry

Are shippers reaching the breaking point in terms of logistics? Freightos, a software-as-a-service logistics provider, released survey results today, showing how much time shippers waste preparing shipments due to a lack of modern technology, which also results in late deliveries and high fees. According to the results, only 11.7 percent of large importers surveyed said […]
  • Nina Chamlou
  • February 14, 2018

Time is running out for shippers as Chinese New Year looms

With less than two weeks left until the Chinese New Year shuts down logistics operations across the world’s largest cargo market, online freight platform Freightos is warning shippers to move quickly or risk costly delays. “International freight movements out of China will be disrupted for a good 3-4 days each side of February 16,” Freightos […]
  • Lewis King
  • February 5, 2018

Airfreight rates still strong in lead up to Chinese New Year, says Freightos

Airfreight rates from China rose modestly last week, with increases in Chinese export demand ahead of the upcoming shutdown in a little over two weeks for the Chinese New Year. However, freight rates are currently well under levels seen in December, when heavy seasonal demand combined with bad weather to push shipments from Asia to […]
  • Caryn Livingston
  • January 30, 2018

Freight prices eased, but now set to rebound, says Freightos

Airfreight prices that finally relaxed after the 2017 holiday season are poised to increase again with the approach of the Chinese New Year, occurring this year in mid-February, according to estimates from online pricing platform Freightos. During December, prices more than doubled on some routes, with shipments between Asia and Europe increasing to a rate […]
  • Caryn Livingston
  • January 16, 2018

Freightos: airfreight capacity crunch in Europe pushes shippers to ocean

Airfreight in Europe reached full capacity two weeks ago, online pricing platform Freightos reported last week. High spot airfreight rates in the subsequent weeks have been high enough to motivate shippers to reconsider ocean shipping as a viable option. In addition to seasonally tight capacity affecting domestic and international freight shipments in the United States and […]
  • Caryn Livingston
  • December 11, 2017

Freightos focuses on sustainability with carbon transparency features

Online freight pricing platform Freightos is introducing new features to introduce transparency to the freight sector, including adding an estimate of the carbon footprint to every shipping service on Freightos and adding several free carbon dioxide (CO2) calculation tools that allow customers or third-parties to determine the carbon footprint along various routes and modes. The […]
  • Caryn Livingston
  • December 7, 2017

ELEVATE: Freightos announces talks with major carriers to expand dynamic pricing

MIAMI — Decades after dynamic pricing reached the passenger side of aviation, online freight pricing platform Freightos and Air France-KLM (AF-KLM) are offering the service to shippers. At this year’s ELEVATE conference, Freightos CEO Zvi Schreiber announced that his company was in talks with other carriers to expand the pricing model, with the industry poised […]
  • Lewis King
  • October 3, 2017

Freightos CEO Zvi Schreiber to take part in ELEVATE ‘Fireside Chat’

We at Air Cargo World are thrilled to announce that our annual conference, ELEVATE 2017 will feature an exclusive Fireside Chat session with Zvi Schreiber, founder and CEO of innovative logistics firm, Freightos. In 2012, Schreiber, a highly regarded serial entrepreneur, created Freightos, an internet-based marketplace for international freight. A logistics technology pioneer, Freightos offers […]
  • Randy Woods
  • August 7, 2017

Freightos eyes growth with Series B extension funding

With an eye toward scaling up its reach to global levels, online logistics firm Freightos has wrapped up a US$25 million Series B extension round, led by GE Ventures, bringing the company’s total investment funding to $50 million. In addition to growth, the funds also will be used for continued development of the software suite […]
  • Lewis King
  • March 30, 2017

Freightos launches ‘FIFI’ aggregated shipping rates index

For those interested in finding a snapshot of global freight pricing from week to week, it’s time to meet FIFI.  Online freight marketplace Freightos has launched its Freightos International Freight Index (FIFI), a database of more than 250 million price points updated weekly, covering container pricing, price ranges on key lanes, historical pricing and volatility, […]
  • Lewis King
  • February 27, 2017
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