Freightos Expands US Presence with former DB Schenker Executive
Freightos Expands US Presence
Former DB Schenker Executive Joins Freightos
To Back Industry Move to Online Freight Sales and Booking
Freightos, the innovative logistics startup bringing freight sales and booking online for freight forwarders, shippers and ecommerce retailers, is delighted to announce that Dr. Philip Blumenthal, formerly of DB Schenker, has joined the Freightos team.
Blumenthal will build on Freightos’ established global success by expanding online freight automation across forwarders and shippers.
In a little over three years, Freightos has helped automate over 2.5 million freight quotes for leading freight forwarders. Philip’s intimate acquaintance with the freight shipping world, combined with his seasoned management skills, will help realize Freightos’ vision of connecting the freight world online.
– Zvi Schreiber, Freightos CEO
Blumenthal has held a variety of roles at DB Schenker in both Germany and the United States, lastly being responsible for the New York Market. In his PhD thesis he developed a product to secure ocean freight rates with financial derivatives.
Freightos is driving innovation and efficiency for freight sales and booking. Coming from within the industry, it’s clear to me that automation and online connectivity between forwarders and shippers is the future. I’m excited for the opportunity to usher more customers into this future.
– Philip Blumenthal
Freightos first North American office will also be opened by Blumenthal, based out of Miami. Freightos already has offices in Hong Kong, Germany, the Middle East and Taiwan.
Freightos has grown rapidly, with leading forwarders, including CEVA Logistics, Hellmann Worldwide Logistics, Nippon Express and many other smaller forwarders using Freightos technology for multi-modal rate management, instant freight quoting, and business intelligence. Enterprise shippers, including Sysco Foods and Marks & Spencer, also use Freightos for online freight automation. Freightos has about 100 employees working in six countries around the world and recently announced a VC investment round of $14 million dollars, bringing the total raised to over $23 million.
Head here to learn more about our team.