Barchart and Freightos Announce Strategic Partnership for Global Distribution of Containerized Freight Data
CHICAGO, December 16, 2021 / PRNewswire / – Barchart, a leading provider of data, tools and software to food and beverage companies around the world, announced a partnership with Freightos, the global freight booking platform, to compare airline quotes, maritime and road.
As part of this new data distribution partnership, Freightos will join Barchart’s Commodity Pricing Network (CPN), making the Freightos Baltic Index, the world’s only daily, benchmark-approved containerized freight index available to users. through cmdtyView Pro, cmdtyView Excel, as well as through an API or Enterprise Data Service subscription.
“We are delighted to partner with Freightos, a leading market and freight pricing provider, to diversify our pricing network and bring their transport data to users through cmdtyView,” said the CEO of Barchart. Marc Haraburda. “Freightos streamlines the booking and shipping of international freight by helping importers and exporters make critical business decisions. We look forward to expanding our partnership with Freightos to improve the workflow for logistics teams around the world.
“Over the past two years, the importance of global supply chains has been emphasized time and again, following a massive increase in demand. This is accompanied by high volatility which affects multinational organizations, small businesses and consumers, ”said Anton Bar, Vice President of Market Data at Freightos. “We’re excited to partner with Barchart to empower more companies to make better, data-driven decisions about their global supply chains and planning. “
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Barchart is a leading provider of market data and services to the global finance, media and commodities industries. Our diverse customer base trust Barchart’s innovative data, software and technology solutions to power their front-to-back office operations, while our Media brands empower financial and commodity professionals to make decisions through web content, news and publications. For more information, please visit www.barchart.com/solutions.
International trade is at the heart of the global economy. However, the 500 billion dollars the global freight market fueling commerce remains one of the last industries offline, driving up costs and reducing the reliability of global supply chains. Freightos® is the global freight booking platform, connecting carriers, freight forwarders and importers / exporters. Freightos makes international shipping faster, more profitable and more reliable, expanding commerce among the peoples of the world. The Freightos group comprises three business units:
WebCargo by Freightos is the digital pricing, reservation and sales platform for logistics providers. WebCargo is the dominant platform for Digital Air Cargo (DAC), partnering with major airlines to serve more than 2,000 freight forwarders in more than 10,000 offices. These forwarders represent more than 30% of the world market. WebCargo also provides real-time marine reservations as well as software as a service tool for freight forwarders to digitize freight sales.
Freightos.com is the largest digital freight marketplace, connecting logistics providers and importers / exporters for instant pricing, reservation and shipment management. Over twelve thousand SMEs and business organizations have purchased shipping services through Freightos. Together with partners such as Alibaba.com, Freightos.com enables smoother global shipping.
Freightos Data publishes the Freightos Baltic Index (FBX), the leading daily benchmark for the container shipping industry, along with other data products that improve chain decision making, planning and price transparency supply. Founded by a serial entrepreneur Zvi Schreiber in 2012, the Freightos group is a widely recognized LogTech (logistics technology) leader with a global presence and a large network of customers. Freightos has lifted $ 120 million with venture capital funds and leading strategic investors.
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