Freightos
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2024 | WebCargo's platform represented carriers with approximately 70% of global cargo capacity, with 55 digitized carriers actively receiving bookings in Q3. |
August 2024 | Announced the acquisition of Shipsta, an enterprise-grade tender procurement solution used by multinational importers and exporters. |
July 2024 | In Q3, WebCargo achieved 339.1 thousand transactions, representing a 26% growth compared to Q3 2023. |
January 2023 | Freightos went public on Nasdaq with ticker symbol CRGO by combining with the SPAC Gesher 1. |
2021 | Launched the Freightos Air Index (FAX) of air cargo rates. |
2021 | Became a member of the International Air Cargo Association. |
June 2021 | Freightos Baltic Index updated its calculation formula for the FBX Global Container Index in mid-2021, modifying how the weighted average of 12 regional tradelane indices is computed. |
February 2021 | Freightos Baltic Index (FBX) was converted from a weekly to a daily index, becoming the only daily freight rate index. |
January 2021 | Qatar Airways and TAP Air Portugal Cargo joined the WebCargo platform, further expanding its digital booking capabilities. |
January 2021 | Announced the acquisition of 7LFreight, an air and trucking rate management software solution with a core customer base in the United States. |
June 2020 | AirBridgeCargo integrated with WebCargo, adding to the platform's growing network of digital cargo booking airlines. |
February 2020 | Etihad joined the WebCargo platform, expanding its digital cargo booking services. |
2019 | Acquired Air Freight Bazaar, an India-based air cargo rate management product. |
November 2019 | SAS Cargo became another carrier to offer digital booking through WebCargo. |
July 2019 | IAG Cargo (British Airways and Iberia) integrated with the WebCargo platform, further increasing digital booking options. |
April 2019 | Air France–KLM joined the WebCargo platform, expanding digital booking capabilities for freight forwarders. |
September 2018 | Announced a $44.4 million Series C funding round, led by the Singapore Exchange and previous investors like Aleph and More VC. |
July 2018 | Lufthansa became the first airline to offer direct rates for forwarders on the WebCargo platform, marking the beginning of cargo airlines offering connectivity for air cargo pricing and booking. |
April 2018 | Launched the Freightos Baltic Exchange Index, a daily containerized index widely used as an indicator of global container prices. |
2017 | Freightos International Freight Index first launched as a weekly freight index in early 2017. |
March 2017 | Freightos raised $25 million in Series B funding led by GE Ventures, bringing the company's total funding to $50 million. |
2016 | Freightos acquired WebCargo, a subsidiary that provides rate management and quoting software for freight forwarders and carriers. |
August 2016 | Freightos acquired Spanish startup WebCargoNet, which was later marketed as WebCargo by Freightos. |
July 26 2016 | Freightos launched one of the world's first online marketplaces for international freight, enabling instant comparison, booking, and management of freight services from multiple logistics providers. |
March 2013 | Freightos commercially launched its SaaS service, officially entering the market. |
January 2013 | Freightos became a member of the Airforwarders Association. |
October 2012 | First beta customers of Freightos went live, marking the initial deployment of their service. |
January 2012 | Freightos was founded by Zvi Schreiber, an entrepreneur who had previously founded and managed startup companies acquired by IBM and GE. |
This contents of the box above is based on material from the Wikipedia articles Freightos & Freightos Baltic Index, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.