Freightos Terminal goes live
09 / 05 / 2023
Freightos, the international freight booking and payment platform, has released Freightos Terminal, a one-stop dashboard that provides users with the latest market data and insights on global shipping.
Freightos Terminal provides a suite of “powerful data, analysis and news tools”, the company believes.
It offers, for instance, market intelligence reports with the latest pricing information, scheduled and actual transit time data on individual lanes, rate benchmarking, expert forecasting and analysis.
It incorporates the Freightos Baltic Index (FBX) and the Freightos Air Index (FAX), the firm’s spot market ocean container and air cargo indexes.
And it also takes in the Market Feed, which provides live feeds on critical events that affect pricing and transit times on a given route – anything from weather conditions that might affect shipping to upcoming national holidays or labour disruptions.
“Accurate data is mission critical,” Zvi Schreiber, CEO of Freightos, declared.
“Whether it’s labo[u]r strikes, natural disasters, pandemics or geopolitical shocks, disruptions are a constant that can be mitigated but not eliminated.
“Keeping a competitive edge depends on access to quality supply chain data,” he continued.
“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.”
VP Market Data Anton Barr added: “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.”
International freight is of course always prone to disruption, no more so than during the Covid pandemic.
But even today, as freight prices have dropped and supply chains have begun to
normalise, interest in accurate and up-to-date logistics intelligence persists, Freightos stressed.
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, while data that offers improved price negotiations and optimised operational decisions is also seen as critical.
In January this year, Freightos completed its merger with acquisition company Gesher, and commenced trading as a public company on the Nasdaq stock exchange in New York, US.
The combined company is operating as Freightos Limited.
The capital raised from the business combination was expected to be invested in further scaling the business, to increase transaction growth and revenue and to further develop the technology stack, to drive additional value for customers, and improve margins.
During 2022, the company facilitated nearly 700,000 digital booking transactions, representing over $600m in gross booking value.
That represented a 54% growth in transactions compared to 2021.