JERUSALEM, May 10, 2023
/PRNewswire/ -- Today, Freightos® (NASDAQ: CRGO), a leading freight
booking and payment platform, unveiled Freightos Terminal, a
one-stop dashboard that provides industry stakeholders with the
data and market updates, trends and insights that they need to stay
informed. This allows logistics professionals to optimize their
international shipping and keep supply chains running smoothly and
cost-effectively in an uncertain world.
International freight is always prone to disruption: to labor
disputes, increasingly frequent storms, conflict and fluctuating
demand. When the pandemic hit supply chains in 2020, boardroom
leadership took notice, with supply chain mentions in annual
reports doubling from 2019 to 2022[1]. Yet,
even today, as freight prices have dropped and supply chains have
begun to normalize, interest in logistics intelligence persists. A
recent Freightos survey of 200 supply chain professionals found
that 92% of multinational supply-chain organizations expect to
remain as engaged with freight intelligence as they are now, with
60% expecting to be engaged even more. The leading use for data
among logistics professionals and shippers is to explain decisions
to internal stakeholders and clients, followed by improving price
negotiations and optimizing operational decisions.
To meet this need, and built upon the popular Freightos Baltic
Index (FBX) of container shipping rates, Freightos Terminal
provides a suite of powerful data, analysis and news tools. The
Terminal brings together several key data. Firstly, custom market
intelligence reports with fresh and accurate market pricing,
scheduled and actual transit times data on individual lanes, rate
benchmarking, expert forecasting and analysis. Secondly, the
Freightos Baltic Index (FBX) and the Freightos Air Index (FAX), the
world's leading spot market container and air cargo indexes,
respectively. And the Market Feed, which provides live feeds on
critical events that affect pricing and transit times in a given
route, from gathering storms in Jakarta, ramp-up of blank sailings and GRIs on
Transpacific routes, to upcoming holidays in Asia and labor disruptions in Germany.
"Accurate data is mission critical. Whether it's labor strikes,
natural disasters, pandemics or geopolitical shocks, disruptions
are a constant that can be mitigated but not eliminated," said
Zvi Schreiber, CEO of Freightos.
"Keeping a competitive edge depends on access to quality
supply-chain data. Our Freightos Terminal will provide that and
more. We're proud that Freightos Terminal is supporting supply
chain agility and cost-effectiveness, keeping goods moving smoothly
around the world."
"Freightos' Terminal is the solution for industry
stakeholders looking for both a bird's eye view of current market
trends and a granular picture of port-to-port events, pricing and
transit times," added Anton Barr, VP
Market Data at Freightos.
As one Freightos user, Dan Smith,
a logistics manager at Briggs & Stratton, shared, "Freightos'
allows us to remain competitive with the marketplace. As a leading
lawn mower and snow tractor manufacturer that moves products in
100+ countries on six continents, we rely on Freightos' FBX as a
'true north'. Their data helps us answer questions from suppliers,
and our senior executive team, as to whether our rates are
competitive. In the past 18 months, because of data we were seeing
regarding West Coast labor disruptions, we biased way more of our
materials towards the East Coast, relying heavily on Freightos'
platform to do that."
Click here to learn more about the Freightos Terminal.
[1] SEC EDGAR, 2023.
About Freightos
Freightos (NASDAQ: CRGO) makes global trade frictionless with
the leading international freight booking and payment platform.
While international trade is at the core of the global economy, it
is powered by a massive global freight market that remains largely
offline, increasing costs and reducing supply chain reliability.
Visit us at freightos.com
MEDIA CONTACT:
Tali Aronsky, PR Lead
press@freightos.com
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SOURCE Freightos
