All Freightos articles – Page 4
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NewsUnited Cargo opts for WebCargo by Freightos for new portal
Manel GalindoUnited Cargo has today (July 16) confirmed that it will collaborate with WebCargo by Freightos on the design and creation of a new online portal that will provide customers with expanded on-demand booking, dynamic pricing and real-time updates on United’s global cargo network.The portal will be based on the ...
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NewsFreightos launches airfreight rate and booking portal
Freightos has today launched a new online pricing and booking portal for airfreight as the digitisation of the sector continues to gather pace.The free WebCargo Sky platform is available to IATA certified airfreight forwarders and as well as offering instant pricing from more than 370 airlines, will allow forwarders to ...
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US more than doubles Chinese tariff levels
The US has followed through on its threat to increase tariffs on $200bn worth of Chinese goods.Tariffs on Chinese products being imported into the US have been increased from 10% to 25% and China has threatened to retaliate.The types of products covered by the tariff increases includes: fresh food, processed ...
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NewsDynamic pricing arrives in air cargo with AF KLM and WebCargo
Freightos' Zvi Schreiber and Marcel de Nooijer of AF KLMAir France KLM Martinair Cargo (AF KLMP) and Freightos-owned booking portal WebCargo have launched a new partnership that they claim will bring dynamic pricing to air cargo for the first time.The partners said that the more than 1,400 forwarders using the ...
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Freightos WebCargo acquires Air Freight Bazaar India
E-booking platform Freightos WebCargo has acquired India’s Air Freight Bazaar, a regional air cargo rates and sales platform based in Chennai.Details of the acquisition are undisclosed.A spokesperson for Freightos said that the Indian air cargo market had seen 17% year-on-year growth between 2016 and 2017.Said the spokesperson: “This acquisition combines ...
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NewsDelta Cargo reports customer shift to digital booking
Delta Cargo Website Metrics for 2018Delta Cargo has noted a "significant shift" in the number of online bookings since it launched its new website in 2017.The airline said it had noted a 15 percentage point increase in the global online bookings since 2017, making it the number one way customers ...
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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 ...