FREIGHTOS IN THE NEWS
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.
VIEW ARTICLEChina-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.
VIEW ARTICLEU.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
VIEW ARTICLEThis 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
VIEW ARTICLELaunch 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
VIEW ARTICLEShipping 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
VIEW ARTICLESupply 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.
VIEW ARTICLEFresh 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.
VIEW ARTICLESea 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
VIEW ARTICLETin 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
VIEW ARTICLEFreightos 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
VIEW ARTICLECarriers 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
VIEW ARTICLETwill, 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
VIEW ARTICLEFreight-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
VIEW ARTICLEPandemic 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.
VIEW ARTICLEQatar 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.
VIEW ARTICLEShipping 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.
VIEW ARTICLEAlibaba’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.
VIEW ARTICLE2020 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.
VIEW ARTICLEJOC 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.
VIEW ARTICLEHow 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.
VIEW ARTICLETalking 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.
VIEW ARTICLEAlibaba.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.
VIEW ARTICLEMaersk 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.
VIEW ARTICLEDigital 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.
VIEW ARTICLEDon’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.
VIEW ARTICLEDigitalisation 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.
VIEW ARTICLEIBS 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.
VIEW ARTICLECoronavirus 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.
VIEW ARTICLECompanies 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.
VIEW ARTICLEThe 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.
VIEW ARTICLEPorts 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.
VIEW ARTICLEFreightos 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.
VIEW ARTICLEThe 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.
VIEW ARTICLEBaltic 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.
VIEW ARTICLE2019 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.
VIEW ARTICLEFreightos: 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.
VIEW ARTICLEFreightWaves 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.
VIEW ARTICLEFreightos 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.
VIEW ARTICLEChina’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.
VIEW ARTICLEFreightos 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.
VIEW ARTICLEFreightos 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.
VIEW ARTICLEFreightos 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.
VIEW ARTICLEIAG 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.
VIEW ARTICLEThe 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.
VIEW ARTICLEAs 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.
VIEW ARTICLEDigitisation 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.
VIEW ARTICLEFreightos 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.
VIEW ARTICLEIndex-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.
VIEW ARTICLEIs 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.
VIEW ARTICLE2018 In the News
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.
VIEW ARTICLEDigital 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.
VIEW ARTICLEFreightos 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.
VIEW ARTICLEGlobal 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.
VIEW ARTICLEThe 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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