In a press release on Oct. 13, Singapore-based logistics tech company Cargobase — a leading spot-buy freight platform — reported a year-over-year 273% increase in revenue in “Pandemic Procurement,” a facet of its platform which automates the manual procurement of freight.
Overall transactions on the platform have also increased by 240%, marking these figures as the highest record of growth since the platform’s inception in 2013. Most of this growth occurred in the third quarter of 2020, and...
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