Page 22: of Maritime Reporter Magazine (May 2019)

I

INSIGHTS: LOGISTICS “FREIGHTOS RESEARCH

SHOWS IT TAKES AN AVER-

AGE OF THREE DAYS FOR

A SHIPPER TO RECEIVE

A SIMPLE PRICE QUOTE

EVEN ON A MAJOR TRADE

LANE. TWENTY-FIVE

PERCENT OF CONTAIN-

ERS DON’T MAKE IT ON

TO THE SHIP YOU EX-

PECT THEM TO GO ON.

EIGHTY-THREE PERCENT

OF SHIPMENTS DON’T

HAVE PROPER TRACK AND

TRACE VISIBILITY DOOR

TO DOOR.”

ZVI SCHREIBER,

CEO AND FOUNDER,

FREIGHTOS pricing and online freight sales are made avail- platform, Freightos AcceleRate, does rate man- able for more than 1,000 logistics service pro- agement, instant freight quoting, business intel- viders and carriers, including multi-billion dol- ligence and tender management. Additionally, lar companies such as Panalpina and Nippon Freightos acquired Freightos WebCargo with

Express. Freightos has accumulated the world’s the world’s largest database of air cargo rates.

largest global database of multimodal freight rates, providing industry transparency with its Instant, door-to-door international

Freightos Baltic Index. air & ocean freight quotes

Once the company reached the milestone

An ‘Expedia’ for Freight where dozens of forwarders such as Hellmann

Freightos was founded in 2012 by Schreiber, Logistics, CH Robinson and CEVA Logistics, a serial entrepreneur who has sold companies to to name a few, were managing their rates in

General Electric, IBM and others. At his previ- Freightos, it began building the supply side. ous company, Schreiber shipped regularly from Freightos Marketplace launched in the summer

China to the United States and was “shocked” of 2016 for small and mid-size shippers on a at the inef? ciency he experienced as a shipper few trade lanes. On a weekly basis, more than every time he needed to ship goods. a thousand shippers use the platform, and it

He said his experience wasn’t unique: is growing rapidly. The service offers instant, “Freightos research shows it takes an average door-to-door international air and ocean freight of three days for a shipper to receive a simple quotes and small and mid-size businesses can price quote even on a major trade lane. Twenty- log in to ship.freightos.com, search and com- ? ve percent of containers don’t make it on to pare freight quotes from forwarders, and now the ship you expect them to go on. Eighty-three also direct from CMA CGM, the third-largest percent of shipments don’t have proper track ocean carrier in the world, which is offering its and trace visibility door to door.” And so he de- rates on the marketplace, enabling shippers to cided to create an ‘Expedia’ for freight. compare freight quotes and book online.

Between 2012 and 2015, Freightos focused Once booked, Freightos also helps manage on digitizing the supply via a solution for lo- the shipments. Documents, tracking and pay- gistics service providers to use internally. This ments are all managed digitally on the Freightos 22 Maritime Reporter & Engineering News • MAY 2019

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