FREIGHTOS AND E2OPEN COLLABORATE TO SIMPLIFY AIR CARGO BOOKINGS

Rhea-AI Summary

Freightos (NASDAQ: CRGO) has officially launched its integration with e2open, embedding WebCargo air cargo eBooking into e2open's Transportation Management System (TMS). The integration enables freight forwarders to access real-time air freight rates and make instant bookings directly within the TMS platform, eliminating manual processes and context switching. Crane Worldwide Logistics is among the global logistics providers testing the system, which aims to streamline operations and improve response time to client needs through automated, real-time access to rates and bookings.

Positive

• Integration provides instant access to real-time air freight rates and bookings
• Partnership expands market reach through e2open's global customer base
• System reduces manual entry and operational inefficiencies

Negative

• None.

News Market Reaction – CRGO

+25.65%

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+25.65% News Effect

On the day this news was published, CRGO gained 25.65%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Seamless Integration Gives Forwarders Real-Time Bookings and Dynamic Rates, All Within Their TMS

BARCELONA, Spain, Nov. 21, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral booking and payment platform for international freight, today announced the official launch of its integration with e2open (NYSE: ETWO), a top provider of connected supply chain software. This integration, which follows a successful beta phase, embeds WebCargo by Freightos air cargo eBooking into e2open's Transportation Management System (TMS) application.

In an industry where speed and accuracy are critical, this partnership offers forwarders instant access to dynamic air freight rates and bookings without context switching and error-prone manual processes. As a result, top global logistics providers like Crane Worldwide Logistics and others, will be able to easily and rapidly compare rates, book air cargo and manage shipments directly within e2open.

One of the companies currently testing the efficiencies this introduces is Crane Worldwide Logistics, a global leader in supply chain solutions. Megan Kelley, VP of Enterprise Applications at Crane, shared, "The integration between Freightos and e2open will be a game changer for us. It will cut down on manual entry and give our team real-time access to rates and bookings within the TMS, helping us respond faster to client needs and eliminate the back-and-forth that used to slow us down. This collaboration between WebCargo and e2open makes the tech side of logistics extremely easy and user friendly for all supply chain companies."

Pawan Joshi, EVP, Products and Strategy at e2open, said, "Integrating the WebCargo by Freightos platform into our TMS helps forwarders to work smarter. With real-time access to dynamic rates and the ability to instantly book air cargo, they can focus on what matters most—getting shipments to customers on time, without the hassle."

"Partnering with e2open realizes another aspect of Freightos' mission to bring international shipping into the 21st century, using digitalization to make it faster, more cost-effective, and more transparent for the organizations that literally move the world," said Zvi Schreiber, founder and CEO of Freightos. "We're proud to deliver better cargo pricing and booking to our global forwarders wherever they work, whether it's through our APIs for their own systems, with integrations to third party solutions, or on our platform," he continued. "We're proud to partner with e2open, expanding our mutual reach to make cargo booking more seamless."

With e2open's global customer base now having access to Freightos' real-time booking and visibility tools, forwarders can expect faster workflows, increased productivity, and fewer complexities in freight management.

About Freightos

Freightos® (NASDAQ: CRGO) is the leading vendor-neutral global freight booking platform. Airlines, ocean carriers, thousands of freight forwarders, and well over ten thousand importers and exporters connect on Freightos, making world trade faster, more efficient and more resilient.

The Freightos platform digitizes the trillion dollar international freight industry, supported by a suite of software solutions that span pricing, quoting, booking, shipment management, and payments for global businesses of all shapes and sizes. Products include the Freightos Marketplace, WebCargo, WebCargo for Airlines, 7LFreight by WebCargo, Shipsta by Freightos, and Clearit.

Freightos is a leading provider of real-time industry data via Freightos Terminal, which includes the world's leading spot pricing indexes, Freightos Air Index (FAX) for air cargo and Freightos Baltic Index (FBX) for container shipping.

More information is available at freightos.com/investors.

Media Contact
Tali Aronsky
PR Lead, Freightos
tali.aronsky@freightos.com

Investor Contact
Anat Earon-Heilborn
ir@freightos.com

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View original content:https://www.prnewswire.com/news-releases/freightos-and-e2open-collaborate-to-simplify-air-cargo-bookings-302312858.html

SOURCE Freightos

FAQ

What is the new integration between Freightos (CRGO) and e2open?

Freightos has integrated its WebCargo air cargo eBooking system into e2open's Transportation Management System (TMS), allowing forwarders to access real-time rates and make instant bookings within the TMS platform.

How does the Freightos (CRGO) and e2open integration benefit freight forwarders?

The integration enables forwarders to compare rates, book air cargo, and manage shipments directly within e2open's TMS, reducing manual entry and providing real-time access to rates and bookings.

Which major logistics company is testing the Freightos (CRGO) integration?

Crane Worldwide Logistics is currently testing the integration between Freightos and e2open, with their VP of Enterprise Applications stating it will be a game changer for their operations.