Shippers pay more and miss first sailings, says survey

A fifth of all peak season shipments require additional fees while around a quarter of shipments fail to make the first available sailing, according to a survey by the Freightos online marketplace. Freightos surveyed decision makers at some80 logistics providers and cargo owners to find out how they manage ocean pricing volatility, representing companies with over half a billion dollars in annual revenue each; the cargo owners combined 2018 revenue ... [+]

Container shipping moves into the digital age

CMA CGM has become the first ocean carrier to be listed on the Freightos online freight marketplace. It has signed a pilot agreement with online bookings, guaranteed pricing, and secured capacity on CMA CGM China-US trade lanes available on the platform. Extension to additional lanes is planned in the near ... [+]

Lufthansa and Freightos offer real-time booking

Lufthansa Cargo flights has teamed up with the Freightos WebCargo platform to allow forwarders to instantly look up contracted rates, assess capacity, and book cargo on specific flights  in real-time. Freightos WebCargo claims the world’s largest air cargo rate database and now enables real-time pricing, capacity and eBooking for the few ... [+]

US trade still in the Dark Ages, says Freightos

US importers and exporters logistics practices can be “laughably archaic” according to logistics technology provider Freightos, following publication of an industry survey of 500 firms. Around half of all small businesses still rely on spreadsheets to manage shipments, claimed Freightos. Moreover, around 30% of small firms said that less than half of ... [+]

Airlines are full, says freight rate firm

Rate management specialist Freightos WebCargo says that air cargo in Europe is currently running at full capacity, the first time in at least ten years that this has happened. Shippers are paying sky-high air rates to get cargo loaded, in one case $13 per kilo on the transatlantic route, claims chief ... [+]

Freightos to launch in the UK

Since its launch in 2016, the Freightos Marketplace has provided freight comparison, booking, and management of freight services in the US and the UK has now been selected as the first new market. It will be followed by a rollout into other major trading hubs. Freightos says that while the UK ... [+]

Funding for Freightos

Freightos has raised $25m in funding from investors led by GE Ventures, bringing its total funding to $50m, said the Hong Kong based booking portal. The funds will be used to increase global market penetration and further develop global freight pricing, routing, and sales automation software. Founder and chief executive, ... [+]

Online marketplace to shed light on opaque freight pricing

The Freightos internet marketplace has launched the beta version of its international index which, it says will bring transpaerency to what has until now been an opaque market. The Freightos International Freight Index (FIFI) aggregates live freight rates from hundreds of carriers, forwarders, and shippers, allowing shippers to make better-informed ... [+]

Calculator at the ready

Online marketplace Freightos has launched its Freight Rate Calculator , claimed as the first and only instant, multimodal international freight calculator that taps into live market rates to offer real-time FCL, LCL, air and trucking door-to-door freight estimates. It is currently being launched as a public beta version. Freight says ... [+]

Uncertainty is certain, say logistics professionals

The market faces an uncertain future, according to the recently published Freightos report, the Future of Freight 2016 Global Survey of Industry Leaders. The survey of over 90 senior logistics professionals highlighted eroding margins and commoditisation of core logistics services and higher and more volatile customer expectations for transparency, more ... [+]

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