Hong Kong-based Freightos Group is working with FedEx Logistics to improve global freight digitisation. Freightos will supply its WebCargo technology to digitise FedEx Logistics, while FedEx will provide digitised customs brokerage services for importers on the Freightos.com marketplace.
 
The agreement will span internal sales digitisation for FedEx Logistics and digital customs brokerage on Freightos.com, the world’s largest online freight marketplace.
 
FedEx will carry out a global rollout of WebCargo’s AcceleRate, a multi-modal rate management and sales digitisation platform, and WebCargo Air, the air cargo pricing, quoting and ebooking platform.
 
Together, this enables instant global freight pricing for FedEx Logistics users globally, improving customer service and internal efficiencies.
 
In addition, Freightos.com will incorporate the digital customs brokerage services that FedEx Trade Networks offers to enable smoother international trade for the more than 150,000 global importers and exporters registered on the Freightos.com shipping marketplace.
 
“FedEx Logistics brings a focus on compliance and simplicity, along with a globally trusted brand, to customers and importers on Freightos.com,” said John Gazitua, SVP for cargo networks at FedEx Logistics. “Through this agreement, the Freightos Group offers digital technology that will improve the overall customer experience.”
 
The on-demand customs brokerage provided by FedEx Trade Networks will augment Freightos.com’s one-stop offering of instant price comparison, booking and management across more than 75 leading global logistics providers.
 
“Freightos Group is honoured to collaborate with FedEx Logistics to provide an enhanced customer experience,” said Zvi Schreiber, Freightos group CEO. “Their commitment to providing importers and exporters a seamless shipping experience and exceptional data integrity aligns perfectly with Freightos expertise. Our team’s implementation knowledge combined with our rate management system is what sets Freightos Group apart as a leader in digital transformations.”
 
Freightos makes global trade frictionless with a global online marketplace for the trillion dollar international shipping industry. The Freightos Marketplace helps importers and exporters reduce logistics spend and save time with instant comparison, booking and management of air, ocean and land shipments from top logistics providers. The result is international shipping that’s as smooth as booking a flight online.
 
Freightos also provides patent-pending technology that empowers carriers and logistics providers around the world to automate freight sales. AcceleRate and WebCargo power rate management, automated pricing, and online freight sales for over 1000 logistics service providers and carriers, including multi-billion dollar companies such as Air France KLM, IAG Cargo, DSV Panalpina and Nippon Express.
 
Freightos has accumulated the world’s largest global database of multimodal freight rates, providing transparency with the Freightos Baltic Index.
 
Founded by serial entrepreneur Zvi Schreiber, Freightos is a logistics technology pioneer with a worldwide presence, and has raised $94.4m from venture funds, including GE Ventures and the Singapore Exchange.