YTO Cargo Airlines, a Top 5 Chinese Carrier, Joins WebCargo by Freightos, Boosting Digital Access to China-South Asia
Rhea-AI Summary
Freightos (NASDAQ: CRGO) has announced a strategic partnership with YTO Cargo Airlines, one of China's top 5 cargo carriers, to integrate YTO's full capacity exclusively on the WebCargo by Freightos platform. This marks YTO as the first all-cargo Chinese airline to join the platform, which already hosts over 75 airlines.
The partnership will provide freight forwarders with instant access to real-time pricing, booking capabilities, and integrated payments for routes between China and South Asia, initially focusing on India, Pakistan, and Bangladesh. The integration significantly reduces quote-to-confirmation time from up to 48 hours to just minutes, particularly benefiting sectors like perishables, pharmaceuticals, electronics, and cross-border e-commerce.
Positive
- First Chinese all-cargo airline to join WebCargo platform, expanding Freightos' Asian presence
- Reduces booking confirmation time from 48 hours to minutes
- Exclusive partnership providing access to critical China-South Asia routes
- Integration with over 75 airlines on the platform enhancing network connectivity
Negative
- None.
News Market Reaction – CRGO
On the day this news was published, CRGO gained 4.76%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
YTO's digital transformation, on the eve of its 10th anniversary, marks a significant evolution in the carrier's capabilities. With this transformation, capacity will be available rapidly and transparently on Freightos' platform, cutting the traditional quote-to-confirmation cycle from up to 48 hours to just minutes. It also offers forwarders speed-to-booking across perishables, pharmaceuticals, electronics, and cross-border e-commerce, all supported by Hangzhou's Cross-Border E-Commerce Pilot Zone.
"Freight forwarders need fast, reliable access to
"As we celebrate our 10-year anniversary, YTO Cargo Airlines remains steadfast in advancing the digitalization and globalization of air logistics," said Hong Xiang Li, President of YTO Cargo Airlines. "By joining the WebCargo by Freightos platform, we enhance our digital service capabilities while diversifying distribution channels. We are confident that this collaboration will accelerate our international market expansion, reinforcing YTO's transformation into a world-class integrated logistics and supply chain service provider."
Freight forwarders looking to book YTO Cargo Airlines on WebCargo by Freightos can register for free on WebCargo 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 efficient, agile, and 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 businesses of all shapes and sizes around the globe. Products include Freightos Enterprise for multinational importers and exporters, Freightos Marketplace for small importers and exporters, WebCargo and 7LFreight by WebCargo for freight forwarders, WebCargo for Airlines, and Clearit, a digital customs broker.
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. Futures of FBX are traded on CME and SGX. More information is available at freightos.com/investors.
About YTO Cargo Airlines:
Hangzhou YTO Cargo Airlines Co., Ltd. ("YTO Cargo Airlines"), headquartered at Hangzhou Xiaoshan International Airport in
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