Freightos Group acquires 7LFreight

By Rebecca Jeffrey

Image: Shutterstock

The Freightos Group has acquired North American rate management company 7LFreight.

The deal means that the WebCargo booking solution will be integrated into 7LFreight’s platform, giving the company access to a wider market.

WebCargo said that the acquisition solidifies its North American presence, bringing 7LFreight customers onto its booking platform which connects more than 30 airlines and 10,000 freight forwarding offices globally.

Brennan O’Dowd, chief executive of 7LFreight, said: “We’ve competed with WebCargo over the years, and I believe that by joining our data sets and capabilities, we’ll be able to provide an industry-leading, comprehensive global solution to our customers.

“This acquisition makes a lot of sense for our customers as well as our employees.”

He added: “At 7LFreight, our commitment has always been to simplify freight pricing and quote automation. This partnership is the next logical step in delivering on that promise to our customers.”

Manel Galindo, chief executive of WebCargo, added: “As more airlines embrace Digital Air Cargo, we’ve been able to give forwarders the digital tools to book cargo instantly, saving time and money.

“7LFreight has been working towards that same goal and we’re excited to combine our experience and networks so more forwarders can offer quicker, cheaper and more predictable air cargo services while maintaining the highest standard of customer care.”

Florida-headquartered Freightos Group announced its acquisition of 7LFreight at the AirCargo Conference in New Orleans on January 17.

Share this story

Related Topics

Latest acquisitions news

Lufthansa Group and MSC make joint bid for ITA Airways

By Rebecca Jeffrey

German airline Lufthansa has submitted a joint bid with Switzerland-headquartered shipping firm Mediterranean Shipping Co. (MSC) for a stake in…

Read More

Share this story

Swissport expands into Italy with acquisition

By Rebecca Jeffrey

Swissport has been awarded the ground handling business of the company formerly known as Alitalia at Rome Fiumicino Airport in…

Read More

Share this story

World Star Aviation buys 30 B737-400Fs

By Rebecca Jeffrey

Aircraft leasing company World Star Aviation has completed the purchase of 30 Boeing 737-400F aircraft with leases attached. The aircraft…

Read More

Share this story