Freightos buys Barcelona-based WebCargoNet

Freightos buys Barcelona-based WebCargoNet

Sep 01, 2016: Freightos, the world’s online freight marketplace has taken over Barcelona-based WebCargoNet, the world’s largest air cargo rate management provider.

The acquisition that involved both cash and Freightos shares is likely to help Freightos expand its database of air, ocean, and land freight rates.

WebCargoNet will retain its independent brand, bringing air cargo rates online worldwide, complementing the Freightos’ AcceleRate freight rate management solution and the Freightos Marketplace.

There are no immediate changes in the current offerings of any of the companies. Over time, strategic synergies will be leveraged to provide more comprehensive and innovative online solutions to carriers, forwarders, and shippers.

Freightos, with WebCargoNet, has accumulated well over 200 million freight pricing data points, establishing the largest freight rate database in the world.

Both carriers and forwarders selling their services and importers and exporters buying products would be benefitted with the convergence of data, resulting in smoother world trade.

Related Posts

Cathay Pacific lays off  600 jobs to reorganise head office

Cathay Pacific lays off 600 j ...

May 22, 2017: Cathay Pacific has announced that it will lay off around 600 people in its head office. This i ...

Cathay Pacific signs codeshare agreement with Iberia

Cathay Pacific signs codeshare ...

May 22, 2017: Cathay Pacific today announced a new codeshare agreement with oneworld partner Iberia, which w ...

Volga-Dnepr airlines deliver 11 generators to Antananarivo, Madagascar

Volga-Dnepr airlines deliver 1 ...

May 22, 2017: Volga-Dnepr Airlines has delivered eleven generators onboard a series of six An-124-100 freigh ...

UPS roped in as official logistics operator for World Expo 2020

UPS roped in as official logis ...

May 22, 2017: Expo 2020 has selected UPS to handle the logistics operations for World Expo 2020 Dubai, which ...