All Freightos Articles – Page 5
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News
Lufthansa Cargo and AF KLM Cargo lead the way for digital connectivity
Lufthansa Cargo and Air France KLM Cargo have been rated as the best carriers for digital connectivity, according to a new report from online marketplace Freightos.Freightos created a specific methodology to assess the progress made by air (and ocean) cargo carriers on digitalisation, applying 26 parameters across three categories to ...
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Cargo.one takes aim at synchronised shipping
There are many examples of ideas coming about by chance -— from penicillin to Post-it Notes -— but the airfreight sector can now lay claim to having its own serendipitous discovery in the shape of cargo.one’s real-time online spot market booking platform.The platform’s story begins when its founders were exploring ...
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Forwarders weigh up modal options as space shortages and high prices hit airfreight
Freight forwarders are looking for alternatives to airfreight as high prices and a lack of space have led to them exploring other modes.In its weekly market wrap up, rate portal Freightos said that other than the Asia-Europe trade there had not been a peak season for rates this year.One of ...
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Freightos raises $44m to fund expansion
Online freight rate portal Freightos has raised $44m to fund expansion of its business with new operations and new capabilities.The Series C funding round was led by the Singapore Exchange (SGX) and included General Electric Ventures, ICV, Aleph, and others.Freightos said it would use the money to expand its services ...
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Shipa Freight embraces the digital age
While the rest of the world moves increasingly into the digital age, freight forwarding appears to be getting left behind.A recent study looking at the top 20 forwarders, carried out by rate portal Freightos, was particularly eye opening.Although Freightos found that freight forwarders’ online offerings were gradually improving, it added ...
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Lufthansa Cargo to sell space on another digital platform
Frankfurt-based Lufthansa Cargo has signed up to sell its capacity on a second digital portal days after announcing a similar deal.The cargo carrier announced today that customers will now be able to look up contracted rates, assess capacity, and book cargo on specific flights in real-time using the Freightos digital ...
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NewsAirfreight rates on the up in June
The month of June saw airfreight rates continue to track ahead of last year’s levels, however the summer slowdown and tourist season has seen some drop off on certain routes compared with May.The latest figures from Tac Index show that airfreight rates on services from Hong Kong to North America ...
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Air cargo set for index-linked BSAs and derivatives
The air cargo industry could have its first index-linked block space agreements (BSA) completed within six months while a derivatives market is also being launched.Shipping derivatives broker Freight Investor Services (FIS) and rate index TAC Index have teamed up to develop and launch a paper derivatives product, known as forward ...
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Forwarders enhance digital sales platforms but there is more work to be done
Major freight forwarders continue to make progress in developing online sales offerings but there is much more work to be done if they are to capitalise fully on the opportunity presented.The latest annual survey by freight rate portal Freightos looked at the online offering of the world’s top 20 freight ...
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NewsAirfreight rates up on 2017 levels in February
Airfreight rates on major transpacific, Asia-Europe and translatlantic routes continued to track ahead of 2017 levels in February, despite demand slackening off.The latest figures from TAC Index show that February airfreight rates on services from Hong Kong to North America increased by 42.5% year on year to $3.62 per kg. ...
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International trade practices "archaic", says Freightos survey
International trade practices by US importers and exporters are “laughably archaic” say respondents to logistics technology provider Freightos' latest industry survey.With small businesses accounting for a third of total US imports, “a whopping 50% still rely on spreadsheets to manage shipments”, Freightos said after its survey of more than 500 ...
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NewsAirfreight rates start the year ahead of 2017 levels
Airfreight rates started 2018 ahead of last year but there were some signs of a slowdown in line with seasonal demand trends.The latest data from Tac Index shows that in January average prices on major transpacific, transatlantic and Asia-Europe routes were all up on a year ago.On services from Hong ...
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Airfreight rates in dramatic peak season rise, states Freightos
Against a background of IATA’s estimated 9.3% growth in world cargo volumes for 2017, airfreight rates have been dramatically up this peak season, reports online platform Freightos.Freightos stated: "While some rates have eased recently, others are heating up. Most US airlines canceled 7-10 scheduled flights coming in from China between ...
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Freightos joins Neutral Air Partner
Online platform Freightos has joined air cargo networking group Neutral Air Partner as an associate member to enhance the group’s digital solutions.Neutral Air Partner said it hoped the addition of Freightos would help deliver “competitive airfreight and express services, and outstanding service”.Freightos chief executive Zvi Schreiber said: “Neutral Air Partner’s ...
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Online portal Freightos expands services to the UK
Online forwarder portal Freightos is expanding internationally with the addition of services for the UK market.The online freight marketplace was launched in the US in 2016 and provides instant freight comparison, booking, and management of freight services for thousands of US importers and exporters of all sizes. The UK has ...
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Freightos raises $25m for further growth
Hong Kong registered online booking portal Freightos has raised $25m in funding from a group of investors led by GE Ventures.The logistics technology company has announced the completion of a $25m Series B extension round which, it said, would bring the company’s total funding to $50m.The funds will be used ...
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Freightos launches freight rate calculator
Freightos, the online freight marketplace, has launched its Freight Rate Calculator for international multimodal logistics that includes air cargo.The calculator is currently being launched as a public beta.Hong Kong-based Freightos said that the calculator allows retailers, exporters, distributors and wholesalers to access “immediate freight rate estimates for ocean, air, and ...
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Freightos takeover creates world's largest air cargo rate database
Logistics technology developerFreightos has announced the acquisition of air cargo rate management provider WebCargoNet.Freightos said the acquisition would create the world’s largest database of air, ocean, and land freight rates with hundreds of millions of international and domestic rates and routes, enabling shippers and freight forwarders to conduct business online ...
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NewsFreightos launches international online freight marketplace
Freightos, the logistics technology developer, has launched what it describes as the world’s “first online marketplace for international freight”.Freightos Marketplace offers users instant comparison of freight services and prices from multiple logistics providers, enabling users to establish "the optimal and cheapest method" for moving their shipments.The new online marketplace adds ...
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