Freightos Unveils Enterprise Suite, Creating First End-to-End Global Freight Procurement Platform
Rhea-AI Summary
Freightos (NASDAQ: CRGO) has launched Freightos Enterprise, an integrated logistics procurement suite that unifies global freight procurement, rate benchmarking, and shipment execution for large importers and exporters. The platform combines three key modules:
- Procure: Automated RFQs and tender management, reducing procurement time by 90%
- Rate, Book & Manage: Digital connectivity to hundreds of carriers for rate comparison and tracking
- Terminal: Real-time freight market intelligence with contract benchmarking
Early customers have reported significant benefits including a 20% reduction in freight spend through data-backed negotiations and 80% decrease in email communication around quoting and booking. The platform addresses current industry challenges such as trade uncertainties, canal closures, and volatile rates.
Positive
- Launch of comprehensive end-to-end freight procurement platform
- Platform reduces procurement time by 90%
- Customers report 20% reduction in freight spend
- 80% decrease in communication overhead
- Integration with hundreds of carriers
Negative
- None.
News Market Reaction
On the day this news was published, CRGO gained 1.52%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"Enterprise logistics teams are drowning in spreadsheets, emails, and siloed platforms," said Zvi Schreiber, CEO of Freightos."The result is higher cost and unreliable supply of imported goods…at a time when resilience is critical. Technology has evolved to address some of these pain points, but in a piecemeal way that doesn't fully support the entire procurement process. We've spent years building the individual pieces of the puzzle, and now we're bringing them together in a way that matches how logistics professionals work in the real world, creating digital access that truly connects multinational businesses with their service providers to make importing and exporting smoother."
Freightos Enterprise combines three powerful modules into one unified platform:
- Procure: Automated RFQs (Request for Quotes), tender management and contract optimization, which reduces procurement time by up to
90% while digitalizing communications with logistics service providers. Freightos Procure is based on the recent acquisition of Shipsta. - Rate, Book & Manage: Direct digital connectivity to hundreds of carriers, typically through their logistics service providers, for rate comparison, booking, and shipment tracking.
- Terminal: Real-time freight market intelligence with newly enhanced contract benchmarking capabilities, leveraging data from dozens of multinational BCOs to provide unprecedented visibility into commercial market rates. Freightos Terminal includes the leading indexes for container shipping and air cargo, Freightos Baltic Index (FBX) and Freightos Air Index (FAX).
"Having everything connected - from market intelligence to tender procurement to actual bookings - transforms how shippers operate. Now, teams can focus on strategy, instead of chasing information across multiple systems and endless email chains, saving time and money, and getting goods on shelves with less overhead and more reliability," said Paolo Galli, VP Group Logistics Operations at Electrolux.
The product launch timing is perfectly aligned with the industry's current challenges, as logistics professionals grapple with trade uncertainties, canal closures and highly volatile rates, facing increasing pressure to optimize spend and efficiency across increasingly complex supply chains. Customers implementing the Freightos Enterprise suite have reported:
20% reduction in freight spend through data-backed negotiations80% decrease in email communication around quoting and booking- Elimination of communication bottlenecks with logistics service providers
- Comprehensive visibility from contract negotiation to final delivery
Freightos Enterprise is available immediately, with flexible implementation options allowing companies to start with their most pressing needs before expanding to the full suite. Click here to get started.
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.
Media Contact
Tali Aronsky
PR Lead, Freightos
tali.aronsky@freightos.com
Investor Contact
Anat Earon-Heilborn
ir@freightos.com
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SOURCE Freightos
FAQ
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