Freightos has expanded its online marketplace that the logistics technology company hopes will revolutionize the freight market. After launching the Freightos Marketplace in January 2016 in \u201cclosed beta\u201d mode, providing fast freight price quotes for some of the world\u2019s largest forwarders, the company has broadened its scope to allow small- to medium-sized enterprises (SMEs) to access global rate quotes in real time for air, land and sea transport.
\nSince Freightos\u2019 goals for the Marketplace are similar to what priceline.com did to the consumer travel market, Freightos brought Robert Mylod on board from priceline.com as an investor and director. \u201cBooking a flight has been electronic for 50 years,\u201d Mylod explained, \u201cbut the cargo on airplanes, trucks and ships is still booked manually. This cannot continue. Growing global trade, e-commerce B2B [business-to-business] sales and sprawling dynamic supply chains demand the transparency and efficiency of online freight.\u201d
\nThe company\u2019s platform allows customers to search for and compare all-in pricing for air, ocean and trucking freight quotes across multiple providers. Automated pricing cuts time for shippers, who previously could wait days for quotes, Freightos said. After deciding on a quote, customers book it, and enter their details, at which point the selected forwarders get be in touch.
\nThe freight industry is famously antiquated, the company said, with many freight companies across the platforms using technology that dates back decades. Siloed information, lack of pricing transparency, and analog documentation all translate into costly delays for freight quote and overpaying, which Freightos said sometimes reaches 40 percent.
\nFreightos points out that SMEs make up 97 percent of U.S. importers, and that these waiting periods and high prices limit their growth. \u201cThe logistics industry is the backbone of global trade. At US$4 trillion, it accounts for about 10 percent of the world\u2019s GDP. But this foundation of the international economy is slow, opaque and offline,\u201d said Zvi Schreiber, CEO and founder of Freightos.
\nSource: aircargoworld<\/p>\n","protected":false},"excerpt":{"rendered":"
Freightos has expanded its online marketplace that the logistics technology company hopes will revolutionize the freight market. After launching the Freightos Marketplace in January 2016 in \u201cclosed beta\u201d mode, providing fast freight price quotes for some of the world\u2019s largest forwarders, the company has broadened its scope to allow small- to medium-sized enterprises (SMEs) to[…]<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[49],"class_list":["post-1704","post","type-post","status-publish","format-standard","hentry","category-news","tag-airport-code"],"_links":{"self":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/posts\/1704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/comments?post=1704"}],"version-history":[{"count":0,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/posts\/1704\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/media?parent=1704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/categories?post=1704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/tags?post=1704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}