Forto

Reports: Freight forwarder Forto looking for a buyer

As freight rates stabilize, geopolitical changes influence trade and economic conditions drive consolidation, mergers and acquisitions are positioned to reshape the global shipping industry. 

Freight forwarder Forto could be the next company in line.

The Berlin-based company is working with investment bank Moelis & Co. for a merger or sale, according to reports in The Information. A person involved in the discussions said the freight forwarder has reached out to a number of competitors to discuss...

https://www.freightwaves.com/news/reports-freight-forwarder-forto-looking-for-a-buyer

Forto and Hapag-Lloyd collaborate to deliver biofuel alternatives

Through a new partnership with Hapag-Lloyd, technology company Forto has launched a biofuel programme for maritime transport customers seeking to make their transport greener.

More specifically, customers booking full container load (FCL) sea freight shipments with Forto can now add the use of advanced biofuel to their bookings, effectively reducing 100% of their transport’s greenhouse gas emissions, according to a statement.

“Making the shift away from the logistics industry’s reliance on fossil...

https://container-news.com/forto-and-hapag-lloyd-collaborate-to-deliver-biofuel-alternatives/

Jochen Freese joins Forto as EVP of procurement and business development

Digital freight forwarder Forto has appointed ex-Ceva executive Jochen Freese (above) as its executive VP of procurement and business development, confirming news broken by Loadstar Premium in October
“Jochen has a proven track record in helping large, worldwide customers in such industry segments as retail and fashion, hi-tech, healthcare and automotive optimise their transport and logistics,” said Forto CEO and co-founder Michael Wax.
“This customer focus, combined with his experience in...

https://theloadstar.com/jochen-freese-joins-forto-as-evp-of-procurement-and-business-development/

Forto secures Series C and unicorn status, credits partnerships and culture

Berlin-based Forto, a digital freight forwarder also known as FreightHub, announced Monday it has secured $240 million in a Series C round led by SoftBank Vision Fund 2. Past investors Northzone, Iven Capital, Cherry Ventures and Unbound and newest investors Citi Ventures and G Squared also participated in the round.

The company has raised a total of $360 million since 2016 and, after its latest raise, is valued at $1.2 billion.

In a recent blog by the company’s co-founder, Fabian Heilemann, he...

https://www.freightwaves.com/news/forto-secures-series-c-and-unicorn-status-credits-partnerships-and-culture

A Great Year For Digital Ocean Freight

If suppliers in China fail to pick up freight containers to fill an order for MediaShop, Marcel Schneider gets an alert via a digital freight system, allowing the retailer to reach out and fix the problem swiftly, reports Reuters.

‘Lost sales’

Before July 2020, Austria-based MediaShop’s deputy supply chain director says he would discover problems in his supply chain only when containers failed to arrive in Hamburg as scheduled.

“It was like being in a tunnel where you had only a limited view of...

https://mfame.guru/a-great-year-for-digital-ocean-freight/

Forwarder Forto goes green and offers to compensate customers’ CO2

Digital forwarder Forto will offer climate-neutral solutions across its portfolio by 2025 – but it already has a good take-up of its carbon offset programme, despite higher costs for customers.
The company has pledged to offer to compensate the CO₂ of every customer, and is working with Planetly to measure and analyse the carbon footprint of the transport booked by customers, in order to identify inefficiencies and reduce emissions.
Its partnership with …

The post Forwarder Forto goes green and...

https://theloadstar.com/forwarder-forto-goes-green-and-offers-to-compensate-customers-co2/

Commentary: Ladingo democratizes cross-border B2B e-commerce shipments

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

On Aug. 19, 2019, FreightWaves published Commentary: Competition in e-commerce is heating up! The COVID-19 pandemic has only accelerated that trend over the course of 2020. Given this state of affairs, it appears the acceleration will continue through most of 2021.

It is in this context that I spoke with Hagar Rips, co-founder and CEO of Israel-based Ladingo,...

https://www.freightwaves.com/news/commentary-ladingo-democratizes-cross-border-b2b-e-commerce-shipments