Freightos has launched the first end-to-end freight procurement platform in a bid to connect the full procurement cycle — from sourcing and benchmarking to booking and execution.
The Freightos Enterprise platform for importers, exporters, and forwarders bridges annual, quarterly and spot procurement of air, ocean and ground freight, while offering critical market intelligence, said Freightos.
Freightos Enterprise combines three modules into one platform.
The Procure module offers automated RFQs (Request for Quotes), tender management and contract optimisation. It is designed to reduce procurement time by up to 90% while digitalising communications with logistics service providers. Freightos Procure is based on the recent acquisition of Shipsta.
Meanwhile, the Rate, Book & Manage module provides direct digital connectivity to carriers, typically through their logistics service providers, for rate comparison, booking, and shipment tracking.
Finally, the Terminal module combines real-time freight market intelligence with contract benchmarking capabilities, leveraging data from multinational BCOs to provide visibility into commercial market rates. Freightos Terminal includes Freightos Baltic Index (FBX) and Freightos Air Index (FAX).
"Enterprise logistics teams are drowning in spreadsheets, emails, and siloed platforms," said Zvi Schreiber, chief executive of Freightos."The result is higher cost and unreliable supply of imported goods…at a time when resilience is critical.
"Technology has evolved to address some of these pain points, but in a piecemeal way that doesn’t fully support the entire procurement process. We've spent years building the individual pieces of the puzzle, and now we're bringing them together in a way that matches how logistics professionals work in the real world, creating digital access that truly connects multinational businesses with their service providers to make importing and exporting smoother."
Freightos said the launch comes at a time when agility is needed to handle market volatility. A recent Freightos survey of 200+ small US importers showed that 54% expect major reductions in import volumes due to tariffs, and 34% have already paused shipments or are shifting suppliers.
The company added that customers implementing the Freightos Enterprise suite have reported a 20% reduction in freight spend through data-backed negotiations, an 80% decrease in email communication around quoting and booking, elimination of communication bottlenecks with logistics service providers and visibility from contract negotiation to final delivery.
