Freightos launches first international freight marketplace
July 27, 2016: Freightos, leading LogTech (logistics technology) company, launched world’s first online marketplace for international freight, providing instant comparison, booking, and management of freight services from multiple logistics providers.
“The logistics industry is the backbone of global trade. At $4 trillion it accounts for about 10 percent of the world’s GDP. But this foundation of the international economy is slow, opaque, and offline,” said Zvi Schreiber, CEO and founder of Freightos.
“Over the last four years, Freightos has brought some of the world’s largest logistics providers online.”
The Freightos Marketplace is finally delivering ease and transparency to the trillion dollar market of international freight, powering smoother international trade.
Prior to this launch, Freightos automated millions of freight price quotes for some of the world’s largest freight forwarders including Nippon Express, Hellmann Worldwide Logistics, and CEVA Logistics, as well as massive supply chain companies including Sysco Foods, Panasonic USA, and Marks & Spencer.
The same routing and pricing technology now powers the Freightos Marketplace giving SME importers and retailers the unprecedented ability to compare, book, and manage freight rates in real-time. Initially the Freightos Marketplace is focused on US imports from China, by air and ocean.
The Freightos Marketplace launched in closed beta in January 2016.
Freightos has since updated the platform with increased functionality and added more freight forwarders selling more routes, air, ocean and land. Customer support is available 24/7 to assist with shipment booking and management.