Norwegian Cargo Selects WebCargo by Freightos for First Foray into Digital Air Cargo Booking Integration
Rhea-AI Summary
Freightos (NASDAQ: CRGO) announced that Norwegian Cargo, in collaboration with Euro Cargo Aviation (ECA), has joined WebCargo by Freightos platform. This marks Norwegian Cargo's first digital booking platform integration, providing real-time eBooking capabilities to freight forwarders across its network of 40 European airports and international routes.
The initial rollout focuses on major UK hubs including London Gatwick (LGW), Manchester (MAN), and Edinburgh (EDI). The UK market has shown significant growth, with a 40% increase in booking volumes in Q3 2024 compared to the previous year. WebCargo now covers approximately 70% of global air cargo capacity, serving over 10,000 freight forwarder offices.
Positive
- WebCargo platform now covers 70% of global air cargo capacity
- 40% increase in UK booking volumes in Q3 2024 year-over-year
- Addition of Norwegian Cargo expands network access to 40 European airports
Negative
- None.
News Market Reaction – CRGO
On the day this news was published, CRGO gained 0.84%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
This collaboration marks Norwegian Cargo's first digital booking platform integration, bringing real-time eBooking capabilities to freight forwarders and enhancing access to its extensive network which connects 40 European airports to Nordic countries, as well as intercontinental routes to key cities in
The initial rollout will focus on major
"Bringing Norwegian Cargo onto WebCargo by Freightos highlights our commitment to providing freight forwarders with trusted air cargo capacity worldwide," said Zvi Schreiber, founder and CEO of Freightos. "The
"This marks a milestone for Norwegian Cargo as our first step into offering capacity on a digital booking platform, and we're thrilled to partner with air cargo leader WebCargo by Freightos to make it happen," said Louis J Elgar of Euro Cargo Aviation on behalf of Norwegian Cargo. "Choosing WebCargo, the leading digital air cargo platform, reflects our commitment to innovation and delivering greater value to our customers. This partnership will simplify the booking process and give freight forwarders seamless access to our extensive network which spans the Nordics,
Freight forwarders can start booking Norwegian Cargo services today by registering for a free WebCargo account here.
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.
Logo: https://mma.prnewswire.com/media/2319256/4496202/Freightos_Logo.jpg
Media Contact
Tali Aronsky
PR Lead, Freightos
tali.aronsky@freightos.com
Investor Contact
Anat Earon-Heilborn
ir@freightos.com
View original content:https://www.prnewswire.com/news-releases/norwegian-cargo-selects-webcargo-by-freightos-for-first-foray-into-digital-air-cargo-booking-integration-302363078.html
SOURCE Freightos