digital marketplace

Freightos loses $5.9M as cost-cutting plan takes effect

Freightos, a neutral sales platform for international air and ocean shipments, posted a second-quarter adjusted loss before accounting measures of $5.3 million, 47% more than the prior year but $500,000 better than the first quarter and in line with last month’s plan to cut costs and negative cash flow. 

The loss underscored the continuing challenge of breaking even as the 10-year-old company continues to invest in new digital products and sales efforts to onboard new customers in an industry...

https://www.freightwaves.com/news/freightos-loses-59m-as-cost-cutting-plan-takes-effect

Freightos laying off 13% of employees as revenue weakens

Freightos, a digital marketplace for international air and ocean shipping, announced Tuesday that it will reduce staff levels by 13% and lowered its full-year outlook again in an effort to stem mounting losses as revenues fall short of expectations because of a prolonged downturn in freight markets.

The news is the latest example of the ongoing freight recession taking a financial toll on companies in the freight transportation space.

Freightos (NASDAQ: CRGO) revised its revenue projections for...

https://www.freightwaves.com/news/freightos-laying-off-13-of-employees-as-revenue-weakens

Swimming against SPAC tide, Freightos goes public on Nasdaq 

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Freightos, a digital freight marketplace that instantly connects ocean, air and truck carriers with...

https://www.freightwaves.com/news/swimming-against-spac-tide-freightos-goes-public-on-nasdaq

E-booking platforms take freight rate management to next level

This fireside chat recap is from FreightWaves’ Domestic Supply Chain Summit on Wednesday. 

FIRESIDE CHAT TOPIC: The benefits of using an electronic marketplace for booking air and truck moves in an increasingly volatile supply chain world.

DETAILS: 7LFreight CEO Brennan O’Dowd discusses the company’s integration with Freightos, how its LTL-focused rate management fits with the parent company’s air and ocean booking platform, and how the ability to book loads through a central platform makes...

https://www.freightwaves.com/news/stronge-booking-platforms-take-freight-rate-management-to-next-levelstrong

Bridgestone to launch last-mile marketplace with AWS

Bridgestone facility

One of the transportation industry’s longest-running powerhouses is going digital.

Bridgestone Corp. (OCTUS: BRDCY), known as the world’s largest producer of tires, has announced it will be using Amazon Web Services to build a marketplace for last-mile services and fleet solutions.

The company said it will be working with AWS’ ProServe and AWS Marketplace teams, using machine learning, business intelligence services and Internet of Things technology to create a one-stop shop for fleet managers in...

https://www.freightwaves.com/news/bridgestone-to-launch-last-mile-marketplace-with-aws

Instant booking is competitive necessity for forwarders, says Freightos CEO

This fireside chat recap is from FreightWaves’ Supply Chain Meets FinTech event on Wednesday.

FIRESIDE CHAT TOPIC: Automated booking and payment for international shipments.

DETAILS: Multiparty booking platforms for air and ocean shipments are rapidly gaining traction, simplifying the customer experience while saving huge amounts of time. Freightos is one of the primary providers in this space, and its founder explains how the system makes life easier for carriers and forwarders of all sizes. 

SPEA...

https://www.freightwaves.com/news/instant-booking-is-competitive-necessity-for-forwarders-says-freightos-ceo

South American cargo airline joins Freightos e-booking platform

A row of aircraft, with tail view only. Blue and red color scheme.

Freightos, a startup digital marketplace for booking international freight that signed a merger agreement less than three weeks ago to be publicly listed on the NASDAQ exchange, announced Thursday it has penetrated South America for the first time with the addition of LATAM Cargo.

The largest carrier in the region will now offer real-time pricing and instant booking to forwarders through Freightos’ WebCargo portal. 

The cargo division of Chile-based LATAM Airlines Group has a fleet of 13 Boeing...

https://www.freightwaves.com/news/south-american-cargo-airline-joins-freightos-e-booking-platform

Why sell through a marketplace when you can build your own?

e-commerce marketplace shopping cart with parcels

Walmart, Best Buy, Target, Macy’s, Kroger, The Home Depot, J. Crew, Albertsons, Bed Bath & Beyond, Madewell — besides being marquee U.S. brands, what do all of these companies have in common? 

These retailers span sectors from technology to apparel to grocery to home goods, and more. But all of them use a marketplace model.

While millions of U.S. vendors have found success selling on marketplaces, the companies at the top are the ones running them. That begs the question: Should you sell through...

https://www.freightwaves.com/news/why-sell-through-a-marketplace-when-you-can-build-your-own

Postal Service rolls out e-commerce-focused shipping service

U.S. Postal Service carrier unloads a package from his vehicle

The evolution of the U.S. Postal Service is continuing, with the agency introducing its USPS Connect eCommerce service for online businesses.

The program is an expansion of its growing USPS Connect program, first launched in 2021 in Texas, and is being rolled out nationwide this year. The new eCommerce service is designed to streamline the pricing and shipping process for businesses. It offers an accelerated agreement process, integrated Postal Service or PC Postage software, and access to...

https://www.freightwaves.com/news/usps-introduces-ecommerce-shipping-service

Startup EXO Freight tackles lack of open-deck marketplaces, closes on seed round

On Tuesday, Freight marketplace EXO Freight announced it has recently closed on an undisclosed amount of seed round funding led by 1984 Ventures with participation from I2BF Global Ventures and Lancaster Investments. EXO Freight wants to continue executing its goal to defragment the transportation market, particularly for shippers moving goods on open-deck trailers.

With experience working at brokerage capacity management platform Parade, co-founders and twin brothers Kurtis and Kris Tryber...

https://www.freightwaves.com/news/startup-exo-freight-tackles-lack-of-open-deck-marketplaces-closes-on-seed-round

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