Freightos is creating an online international freight marketplace, using a SaaS-Enabled Marketplace model. The SaaS component, called AcceleRate, provides logistics companies with freight rate management and instant freight quoting.
The online freight marketplace, which launched in July 2016, enables online quoting booking of freight quotes, as well as shipment management.
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History
Freightos was founded in January 2012 by Zvi Schreiber. Schreiber has previously founded and managed other start-up companies including companies acquired by IBM and GE. The first beta customers of Freightos went live in October 2012 and the SaaS service was commercially launched in March 2013. Freightos raised initial funding from OurCrowd. Freightos is the trading name of Tradeos Limited, a Hong Kong company. Freightos is member of Airforwarders Association since January 2013.
In August 2016, Freightos bought Spanish startup WebCargoNet.
In March 2017, Freightos raised $25 million in Series B funding led by GE Ventures bringing the company's total finding to $50 million.
Maps Freightos
Main features
Freightos provides features for uploading freight pricing contracts in Excel, a database for freight rates, and a module for automatic freight and quotations on the Web. The quotation algorithm includes routing of door-to-door freight services. The Freightos Network supports exchanging quote requests and quotes between freight forwarders and their agents.
On July 26, 2016, Freightos launched the world's first online marketplace for international freight (SimpliShip was the first), providing instant comparison, booking, and management of freight services from multiple logistics providers.
Competitors
For managing contracts, Freightos competes with Catapult, TradeTech, CargoSphere, Cargoguide and 7lFreight. The Freightos Marketplace competes with FreightNet & SimpliShip. Freightera Vancouver, BC
See also
- Zvi Schreiber
References
External links
- Official website
- Braun, Ted (May 2013). "Shipper Drives Change". Air cargo news
- "FreightOS Announces Better Automation For Global Freight", http://www.manufacturing.net, 4 April 2013
Source of the article : Wikipedia
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