FREIGHTOS IN DEN NACHRICHTEN

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2021 In the News

Mazda shuts down plants as cargo flights from Shanghai dry up

As some airports in China are being impacted by COVID outbreaks, Freightwaves cites Freightos data showing that air freight rates have jumped 15% to 25% in the past week, double what they were a year ago.

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What an adult tricycle says about the world’s bottleneck problems

The New York Times cites Freightos data for why certain ships would be more interested in sticking with more lucrative routes

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Chinese ports choke over ‚zero tolerance‘ COVID-19 policy

With COVID-related shutdowns impacting supply chains in China, Reuters refers to the record-high freight rates seen on the Freightos Baltic Index (FBX)

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How the global shipping crisis could ruin the holidays

The Freightos Baltic Index shows that freight prices are trending upwards due to the ongoing shipping crisis

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Ningbo: Global supply fears as China partly shuts major port

Amid ongoing supply chain disruptions, Ninbgo’s partial shutdown leads the BBC to wonder how it will impact already sky high freight rates according to the Freightos Baltic Index (FBX)

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China’s zero-Covid policy is so strict that it shut down a whole shipping terminal after just one case

With the port of Ningbo shutting down due to a COVID outbreak, CNBC cites skyrocketing Freightos Baltic Index (FBX) rates as a byproduct of shipping delays this year.

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China-US container shipping rates sail past 20,000 to record

Reuters cites Freightos data in regards to container spot prices having climbed 500% in one year

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EL AL Cargo Accelerates Digital Air Cargo (DAC) Adoption via WebCargo

WebCargo offers more airline capacity to forwarders through EL AL partnership

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Outlook: Shipping Container Rates To Remain Elevated Into 2022 As US Demand Outpaces Capacity

Freightos webinar panelists predict freight rates will remain elevated beyond Lunar New Year in 2022

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The CEO Of A Freight-Booking Company Explains The Reason Behind Shipping Delays

Business Insider quotes Freightos Group CEO, Zvi Schreiber on how a descrease in goods consumption could lead to an end in shipping delays

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Biden Targets High Shipping Costs as Pandemic Ravages Global Supply Chains

The Washington Post cites FBX prices reaching historic highs this year due to pandemic-related causes, and how low rates have been in previous years

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„Could Take A Few Years for Ships to Catch Up to Demand“

Catch Zvi Schreiber, the CEO of the Freightos Group, on Bloomberg’s „What’d You Miss“ sounding off on the unprecedented spike in global freight demand, how it might end, and when exactly that will be.

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Shipping Delays and Higher Rates Get Small Businesses Jammed Up

Freightos data shows shipping prices from China-US up 344% since Jan 2020, and prices from Asia-Europe up 130% since Jan 2021, greatly impacting small businesses.

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U.S. Worker-Aid Plan Is Casualty as Trade Deal Fast-Track Ends

Freightos.com chart depicts the average increase in port-to-port transit time for freight booked on Freightos marketplace

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This is how the shipping crisis ends

Freightos Group CMO, Eytan Buchman, talks to Business Insider about the shipping container shortage crisis and skyrocketing ocean rates

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Launch of Freightos white label platform means every forwarder can sell online now

Freightos Group CEO, Zvi Schreiber, was interviewed by The Loadstar on the launch of WebCargo Vista, a while label freight rate management and online sales portal

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Shipping stocks have notched triple-digit gains in 2021 as transport rates skyrocket

Freightos data reports an all-time high for spot freight rates amid shipping container disruptions

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Supply chain snafus could affect what’s available to you on Amazon Prime Day

A Freightos survey found that 75% of SMBs who sell on Amazon are experiencing supply chain disruptions

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How ‚chaos‘ in the shipping industry is choking the economy

Freightos data shows the cost of global freight has tripled since 2019, in this Planet Money explainer on how supply chain disruptions are impacting the economy.

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Fresh COVID-19 outbreaks in Asia disrupt global shipping, chip supply chain

With container shortages and delays, Freightos data highlights the freight rate jump by 63% since the beginning of the year and more than 3X year-over-year

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Major shipping firms warn of worsening congestion at China’s Yantian port

With a COVID outbreak at one of China’s busiest ports, Reuters cites Freightos data that container freight rates from China to Europe reached a record high

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NCA lists its capacity on WebCargo

Announcing Nippon Cargo Airlines as its newest partner, nearly 25% of global air cargo capacity is now available on WebCargo, up from 11.1% this time last year

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Vanguard turns to WebCargo for instant forwarder quoting

Vanguard Logistics has begun providing forwarder customers real-time access to LCL spot rates via WebCargo AcceleRate.

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Sea change: global freight sails out of the digital dark ages

In an article on the digitalization of the freight industry, Reuters references WebCargo’s 20X increase of air cargo eBookings between March 2020 and March 2021

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Tin prices soar on electronics demand, shipping trouble

The Wall Street Journal uses Freightos data to illustrate the impact of container shortages raising spot rates 3X higher year-over-year

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Global ports grapple with backlog from Suez Canal blockage

Freightos data depicts how the container shortage, exacerbated by the Suez Canal blockage, is pushing freight rates higher

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Freightos sees marketplace SOPs as path to curbing bad booking behavior

Freightos.com CEO, Ruthie Amaru talks to JOC about the 40-page standard operating procedures manual for buyers and sellers on the Freightos marketplace

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Turkish Cargo Joins WebCargo

In a further step for Digital Air Cargo, Turkish Cargo, one of the world’s largest airlines announces they are joining WebCargo

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The Fallout from the Suez Canal Ship is Coming to a Store Near You

Freightos research is used to explain how the Suez Canal block will impact everyday customers and shippers

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Carriers Rejected at Least $1.3 Billion in Potential U.S. Agricultural Exports from July to December

Freightos data is referenced in this article to illustrate the prohibitively high cost of shipping from China to the US as opposed to the other direction

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Twill, Freightos Launch Instant Container Quote Pilot

Freightos.com and Twill launch experiment aimed at smaller shippers to provide instant spot quote rates

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How Will Chinese New Year Impact The Global Supply Chain Bottleneck?

Freightos analyst, Judah Levine, is quoted on the cargo shortage and how the situation will look going forward

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Freight-Cost Pain Intensifies as Pandemic Rocks Ocean Shipping

Freightos survey mention on small businesses increasing their prices in response to sky-high freight rates.

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The pandemic is making a mess of shipping from China

Eytan Buchman, CMO of Freightos, talks to Quartz about supply chain disruptions and rocketing freight rates caused by COVID

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Pandemic aftershocks overwhelm global supply lines

Freightos data is referenced in this article to highlight the extreme cost of shipping and how that reflects consumption during the pandemic.

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Supply bottlenecks are pushing up costs for manufacturers

A Freightos.com marketplace survey found that 77% of small businesses experienced supply chain difficulties due to the pandemic over the last six months, which impacts consumer prices.

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Qatar Airways joins WebCargo

Following a year where eBookings increased 10X, Qatar Airways Cargo – world’s largest cargo airline – announces eBookings will be available through WebCargo.

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Shipping costs quadruple to record highs on China-Europe ‘bottleneck’

Freightos data graphic illustrates how container freight rates have soared over the past year, and its impact on creating a bottleneck.

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Alibaba’s Cainiao launches container booking service, cites global cargo woes

As Alibaba launches a container booking service, Reuters references Freightos data to contextualize the tumultuous moment in freight.

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2020 In the News

Why everything from furniture to diet soda is so hard to buy right now

Freightos Data is referenced in this article to highlight the impact COVID-19 has had on shipping times.

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Tradeling makes freight booking simple, convenient and cost-effective with Freightos.com

Freightos.com and Tradeling announce a partnership enabling B2B customers to easily access freight pricing and services through the digital marketplace.

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Cargo eBookings surge in September

In an unexpected year for freight pricing, WebCargo noted a 3X increase in eBookings on the platform.

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Air Cargo enters uncharted territory of high demand, low capacity Q4

Camilo Garcia Cervera, WebCargo Global VP, talks to Stat Trade TImes about what he expects from air cargo in Q4 of 2020.

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JOC Uncharted: Episode 17

Ruthie Amaru, CEO of Freightos.com delves into the impact of COVID-19 on small shippers on this episode of JOC Uncharted.

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How has trade survived COVID-19?

Throughout COVID-19 there has been an increased demand in e-commerce which, as Freightos shares with the Economist, is one of the likely causes of surging ocean freight prices.

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Talking heads: industry reactions to the ‚difficult decisions‘ by Maersk

Freightos Group CEO, Zvi Schreiber shares his thoughts on the implications of the Maersk takeover of Damco.

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Alibaba.com taxis toward a long B2B e-commerce runway

As cross-border B2B goes digital, Freightwaves cites the partnership between Freightos.com and Alibaba as an example of how that’s happening.

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Maersk quarterly profit triples on rising freight rates, falling costs

The WSJ dives into Maersk’s Q3 2020 results, shaped by COVID and the ongoing recovery, and leverages Freightos Data.

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Digital air cargo bookings continue to grow despite COVID-19 outbreak

As COVID-19 continues to impact global air cargo, Freightos talks to Aircargo News about air cargo’s resilience and the impact on the industry’s digitization.

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Don’t write off ‚digital freight forwarders‘ – look and learn from them

Freightos Group CMO Eytan Buchman shares his perspective on logistics technology investment with notable trade publication The Loadstar following industry skeptisim after news of digital forwader Beacon’s latest funding round.

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Alibaba adds financing tools and online trade shows for U.S. merchants

TechCrunch covers news of freightos.com’s partnership with Alibaba.com to help SMBs navigate cross-border freight smoothly.

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Digitalisation is the only way out for air cargo

STAT Times features WebCargo by Freightos in a comprehensive piece on how digitization has enabled air cargo to step-up during the COVID-19 pandemic and propel the industry into the 21st century during a time when air cargo traffic and demand couldn’t be higher.

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IBS and WebCargo to partner on digital air cargo bookings

Air Cargo News covered our industry-first initiative between WebCargo by Freightos and IBS Software; a strategic partnership empowering airlines to become fully digital with an easy and cost-effective solution. The partnership ensures faster and smoother movement of supply chains during the Covid-19 pandemic.

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Coronavirus Upheaval Triggers Corporate Search for Supply-Chain Technology

The Wall Street Journal features Freightos Group in a piece discussing how COVID-19 has companies stepping up investments aimed at simplifying and speeding up their logistics operations.

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Companies try to slow product shipments from overseas

The Financial Times cites Freightos Data to showcase how ‘Slow steaming’ options for imports gain popularity as coronavirus lockdowns sap demand.

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The looming demand-side crisis at US ports

The Financial Times covers the shipping slow down during the COVID-19 pandemic and shares Freightos Group insight regarding the increased demand for air cargo to ship essential items like medical and persoanl protective equipment.

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COVID-19 and Trade: Stories from the Data

Jump to minute 11:20 to hear Soumaya Keynes trade and globalization editor of The Economist magazine, and the co-host of a podcast covering economic trade called Trade Talks shares insights from her conversation with Freightos Group CMO Eytan Buchman regarding COVID-19 and trade.

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Ports feel coronavirus impact on global trade

The Financial Times cites Freightos data highliting the impact global ports are feeling during the COVID-19 pandemic.

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Airlines Use Empty Passenger Jets to Ease the Cargo Crunch

Iconic technology publication Wired features Freightos Group insights regarding the impact COVID-19 has and will continue to have on passenger and cargo flights.

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Coronavirus adds uncertainty and cost to tech company supply chains

TechRepublic taps Freightos Group data to highlight the COVID-19’s impact on supply chains during the pandemic.

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Freightos rolls out FedEx customs brokerage add-on

The Journal of Commerce covers Freightos Group’s partnership with FedEx highlighting how on-demand customs services leverages the playing field for SMBs navigating the compliance systems and customs brokerage relationships.

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Global shipping has been hit by the coronavirus. Now goods are getting stranded

CNN Business features Freightos Group insights regarding shipping delays from China following the COVID-19 outbreak.

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The Coronavirus is having an enormous impact on the US economy, according to an unusual source of data, but it’s also been a boon to at least four startups

Business Insider showcases Freightos.com, the world’s largest online freight marketplace, data highlighting the impact coronavirus is having on the economy.

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Baltic Exchange begins publishing Freightos rate index

The Journal of Commerce covers the daily launch of  Freightos Baltic Index (FBX). Launched in April 2018, FBX moved from weekly to daily spot ocean freight rate indices for 40-foot containers (FEUs) from hundreds of global logistics providers via the Baltic Exchange and the Freightos Group, adding real-time, transparent price discovery and risk mitigation into the container freight market that powers global trade. 

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Will UK cargo shippers ever switch off?

Freightos.com, the world’s largest online freight marketplace, data showcases logistics provider search trends in the UK and North America over the 2019 Thanksgiving and Christmas holidays.

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2019 In the News

Forwarders embracing digital quotes: Freightos survey

Esteemed logistics technology publication, the Journal of Commerce, covers the Freightos Group’s flagship report assessing the state of digitization among the world’s top 20 freight forwarders.

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SAS Cargo to launch full digital capability with WebCargo

Lloyd’s Loading List covers WebCargo’s, a Freightos Group Company, partnership with SAS Cargo, launching fully digital eBooking, dynamic rates, and capacity availability.

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Freightos: Demystifying freight pricing promises benefits for all

Freightos chief marketing officer Ruthie Amaru talks digital freight pricing, marketplaces, and industry front-runners at FreightWaves LIVE.

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A starting point for selecting a digital air freight platform

Industry analyst Cathy Roberson analyzes air cargo platforms, mentioning Freightos as a pioneer and front-runner.

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A $4 Trillion Opportunity

Technology writer Chris O’Brien features Freightos in his article on how a digitally-optimized logistics industry could add huge value to the world economy.

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FreightWaves announces 2020 FreightTech 100

Industry-leading publication FreightWaves, awarded Freightos for the second consecutive year a 2020 FreightTech 100 Award.The FreightTech 100 highlights the most innovative and disruptive companies across the freight industry.

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Freightos appoints IAG Cargo’s Camilo Garcia to ‚bridge the gap‘ between cargo and technology

IAG Cargo’s Camilo Garcia joins Freightos Group as global vice president for business development of the WebCargo by Freightos business unit. The Loadstar features highlights of the announcement including what such a move means for the industry’s push for faster digitization.

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China’s Sinoair adds online service with Freightos WebCargo

China’s largest freight forwarder, Sinotrans, announces offering online quoting and booking for air freight via WebCargo, the logistics purchasing platform from Freightos.

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How can you prepare for the latest trends affecting final-mile logistics?

Freightos insight regarding industry use of APIs to deliver real-time is included in this round-up of biggest trends affecting delivery in the final mile.

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The big interview with Manel Galindo of WebCargo by Freightos

Air Cargo Week spoke with WebCargo by Freightos CEO Manel Galindo about air cargo complexities and how Freightos is helping the industry embrace digitization with its latest product debut, WebCargo Sky.

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Freightos looks to bring United Airlines air cargo service online

Freight Waves covers WebCargo by Freightos‘ latest partnership with United Cargo, which enables the air carrier to offer air cargo through its own site or through a third-party marketplace. In an industry first, United’s pricing and booking engine will be powered through cloud computing services.

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Freightos CEO Zvi Schreiber Talks Logistics Technology

Freight Waves Insiders hosts Freightos CEO Zvi Schreiber to discuss: Freightos new deal with a major airline and the dangers of replicating Amazon’s business model.

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Freightos makes air cargo e-booking free to all forwarders

Popular trade publication Lloyd’s Loading List covers WebCargo by Freightos‘ latest product launch WebCargo Sky. Sky provides forwarders with live access to air cargo rates across a huge number of airlines. With select airlines, like Air France, KLM, British Airways, Lufthansa, Iberia, Aer Lingus, and others, Sky also offers live insights into available capacity and live booking.

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IAG to offer electronic booking through Freightos

Air Cargo News covers IAG Cargo’s partnership with Freightos to introduce instant quoting, dynamic pricing and eBooking. IAG Cargo is the third major air carrier to partner with Freightos to ramp up its digitization. Lufthansa and Air France KLM have also announced partnerships.

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Trade Tensions Worry Ship Operators

Iconic international daily The Wall Street Journal cites Freightos‘ international freight index (FBX) to frame how the U.S.-China tariff saga is impacting the container shipping industry.

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The case for regulating Amazon logistics

Freightos CEO and founder, Zvi Schreiber, warns of the dangers of Amazon leveraging their monopoly in e-commerce to gain an unfair advantage in logistics in this opinion editorial featured in top logistics publication The Journal of Commerce.

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As air freight carriers move to online pricing, forwarders call for comparison sites

Referencing a Freightos announcement with Air France-KLM-Martinair Cargo, The Loadstar explores how dynamic pricing information and eBooking is changing the industry.

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Digitisation finally taking off as air cargo carriers develop online distribution

The Loadstar covers Freightos news of Air France-KLM Cargo signed up to offer rates, capacity information and booking capability via WebCargo by Freightos to more than 14,000 forwarders. And in a first for the industry, dynamic pricing information.

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Freightos WebCargo acquires Air Freight Bazaar India

Air Cargo News covers WebCargo by Freightos‘ acquisition of Indian air cargo rates and sales platform Air Freight Bazaar, bringing even more efficiency to India’s air cargo market with dynamic pricing and eBooking.

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These are the digital freight start-ups disrupting the global logistics industry

Yahoo Finance, the largest business and financial news site in the world, covers Freightos as a top five digital freight startup to watch.

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Index-linked contracts open the door for container freight derivatives

Lloyd’s List, one of the oldest running shipping journals, speaks to Freightos CEO Zvi Schreiber about why carriers and shippers should be using index-linked contracts to reduce volatility and avoid contract breaches.

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Is logistics finally ready for APIs?

Top trade publication The Journal of Commerce cites Freightos‘ research regarding adoption of application programming interfaces (APIs) in shipping.

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Maersk, CMA CGM, Hapag-Lloyd digital leaders among ocean carriers: survey

Covering a Freightos benchmark survey of digital maturity for the world’s top 30 air/ocean carriers, Supply Chain Dive publishes key highlights including: which carriers are leading the way, what sets the top performers apart, and the competitive edge smaller carriers have in the race to get online.

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Amazon pushing hard into ocean shipping, making it easier for Chinese goods to get to you

USA Today consults Freightos expert regarding Amazon’s moves to ramp up its ocean shipping services and, along the way, help Chinese manufacturers reach US households at scale.

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IN DEN NACHRICHTEN 2018

CMA CGM joins instant quote effort via Freightos platform

Top trade publication The Journal of Commerce gives broader industry context to the importance of the world’s fourth largest ocean carrier, CMA CGM, selling direct to shippers of all sizes via freightos.com.

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Digital Marketplace Freightos Gains $45 Million in New Funding Round

The Wall Street Journal, no introduction needed, covers Freightos series c $45 million funding round and includes insight from Freightos CEO and founder Zvi Schreiber on how this positively impacts the logistics industry. 

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125+ Startups Disrupting The Logistics Industry

CB Insights, a leading tech analyst firm, showcases Freightos as a leader in the logistics tech space, with a specific focus on Freightos‘ role creating the world’s largest online freight marketplace, while automating comparison, booking, and shipment management.

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Freightos launches global index with Baltic Exchange

Working together with the Baltic Exchange, one of the oldest maritime consulting companies in the world, Freightos has launched the first real-time global freight index – the FBX – together with 12 regional indexes. Eventually, these will be used to power financial instruments.

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Global logistics business is going to be transformed by digitisation

Across the board, startups, carriers and forwarders are embracing automation to improve processes. Freightos CEO Zvi Schreiber talks to The Economist about how this will impact imports and exporters.

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The 2018 Mystery Shopping Survey

Freightos‘ annual research on the how well the top twenty global forwarders sell online reveal major changes, with new top-tier players now selling online. Check out the article below or see the full report here.

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Freight-Alt-Delete

February, 2017: Zvi Schreiber, in series interviewing industry leaders on how digitalization is transforming shipping. “(Logistics players) that adapt technology to work better will continue to differentiate with outstanding supply chain service and incredible support … Technology isn’t the enemy; it’s a lifeboat. And the alternative for providers is ctrl-alt-delete.”

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Freightos launches ‘FIFI’ aggregated shipping rates index

February, 2017: “Online freight marketplace Freightos has launched its Freightos International Freight Index (FIFI) … FIFI aggregates live freight rates from “hundreds of carriers, forwarders, and shippers,” which Freightos is offering, free of charge, to promote, “data-informed decision-making.”

International trade practices „archaic“, says Freightos survey

Covering a Freightos survey of US importers and exporters, AirCargoNews shows how small and midsize businesses are paying a heavy price – in time and money – because of current global freight processes.

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Ocean Carrier Trends: Will global shipping alliances restore stability?

Logistics Management dives into Freightos‘ annual global freight data report, sharing key trends in global ocean rates, capacity and modal shift. Plus, there are fancy charts.

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