Logistics without limits: Transporeon expands data supply to include ocean and air freight spot data
- Logistics expert Transporeon partners with Freightos Data to provide globally operating customers with in-depth insights into ocean and air freight spot data
- Transporeon expands featured data for their market intelligence tools to provide 360° information on developments of spot markets and logistics rates
Ulm / Hong Kong, 11 January 2022 – Transporeon, Europe’s largest transport market intelligence, freight procurement and management platform, announces partnership with Freightos, the global freight booking platform, integrating data from the Freightos Baltic Index, the world’s only daily, externally audited and data-driven global container freight index. By integrating up-to-date spot data into Transporeon´s extensive air cargo and ocean freight logistics data, Transporeon now offers the most powerful suite of market intelligence for shippers. All industry verticals can now benefit from these insights.
Transporeon operates Europe’s largest dataset for road transport next to providing the leading market intelligence solution in global ocean and air. Freightos Data leverages unique access to air and ocean spot rate data to offer the world’s largest digital freight rate database. This partnership extends market intelligence analytics across spot freight pricing, enabling short and long-term trend monitoring. This will empower companies to design highly successful procurement strategies and to evolve them rapidly in response to changing market conditions. With an exceptionally large global network, strategic procurement has now achieved the next level of excellence.
Clients are now able to handle all their market intelligence needs via a single point of contact – Transporeon. Combined with the extended data and knowledge base provided by Transporeon, customers will now gain maximum transparency on short- and long-term trends on a global scale. Nikolay Pargov, Executive Director Freight Procurement & Audit at Transporeon commented: “By incorporating ocean and air freight spot data into the Transporeon Platform, we enable even better-informed decision making for our customers. Providing such extensive real-time information on all freight markets enables quicker responses to global trends and safeguards the satisfaction of stakeholders. It further strengthens the leading value proposition of Transporeon.”
Anton Bar, VP Market Data at Freightos said: “It is becoming increasingly difficult for market players to ultimately match their demand with the available capacities of logistics service providers, especially in highly volatile market situations like we’re experiencing now. The only way to resolve this is with real-time, accurate and comprehensive data. Creating exceptional benefits by combining our companies' efforts will make a real difference for our customers. And we are proud to be a part of it.”
At Transporeon, our goal is to bring transportation in sync with the world. Our cloud-based transportation sourcing and management platform powers the most experienced network of shippers, suppliers, retailers, goods recipients, and carriers in the world. Founded in 2000, we help our 1,300+ active global shippers and our 120,000+ carriers transport goods more efficiently and sustainably than ever before. Our team is made up of more than 1,200 highly skilled, committed, and creative professionals, sitting in one of our eight office locations. Together we speak 25 different languages, helping us serve our global customers and partners and manage our 20 million annual global transports. In addition to our core Transporeon Execution Solutions, procurement, and market intelligence solutions, we also offer Real-Time visibility with Sixfold and payment services with ControlPay. By combining this deep industry knowledge with technical expertise, we can provide a holistic approach to transport management. This leads to greater transparency, increased efficiency, and improved sustainability – helping us truly become a driving force for good and bringing transportation in sync with the world.
About Freightos Group
International trade is the core of the world economy. However, the $500 billion global freight market powering trade remains one of the last offline industries, increasing costs and reducing reliability for the world’s supply chains.
Freightos® is the global freight booking platform, connecting carriers, freight forwarders, and importers/exporters. Freightos makes international shipping faster, more cost-effective and reliable, expanding trade between the people of the world. The Freightos Group includes three business units:
WebCargo by Freightos is the digital pricing, booking and sales platform for logistics providers. WebCargo is the dominant Digital Air Cargo (DAC) platform, partnering with leading airlines to serve 2,000+ freight forwarders across over 10,000 offices. These forwarders represent more than 30% of the world market. WebCargo also provides real-time ocean bookings, as well as software as a service tools for forwarders to digitalize freight sales.
Freightos.com is the largest digital freight marketplace, connecting logistics providers and importers/exporters for instant pricing, booking, and shipment management. Over twelve thousand SMEs and enterprise organizations have sourced shipping services via Freightos. Together with partners such as Alibaba.com, Freightos.com enables smoother global shipping.
Freightos Data publishes the Freightos Baltic Index (FBX), the industry’s key daily benchmark of container shipping prices, as well as other data products which improve supply chain decision making, planning, and pricing transparency.
Founded by serial entrepreneur Zvi Schreiber in 2012, the Freightos Group is a widely recognized LogTech (logistics technology) leader with a worldwide presence and a broad customer network. Freightos has raised $120 million from leading venture funds and strategic investors.
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