Freight booking and payment platform Freightos Ltd is looking to go public on Nasdaq after the company entered into a definitive merger agreement with special purpose acquisition company (SPAC) Gesher I Acquisition Corp. The capital raised from the transaction will be invested to further scale the business, driving transaction value and improving margins. The implied pro forma enterprise value of the merger is estimated at approximately $435 million, leaving 78 percent stake to existing … [Read more...] about Freightos eyes Nasdaq listing with ‘special’ merger
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Freightos launches first online int'l freight marketplace
Hong Kong-based Freightos, a pioneer of the logistics technology sector, today announced the launch of the world’s first online marketplace for international freight, providing instant comparison, booking and management of freight services from multiple logistics providers. Until today, the freight industry was reminiscent of the travel industry in the 1970s, Freightos says – siloed information, lack of pricing transparency and obsolete analog documentation, resulting in importers often having … [Read more...] about Freightos launches first online int'l freight marketplace
Freightos launches first online int’l freight marketplace
Hong Kong-based Freightos, a pioneer of the logistics technology sector, today announced the launch of the world’s first online marketplace for international freight, providing instant comparison, booking and management of freight services from multiple logistics providers. Until today, the freight industry was reminiscent of the travel industry in the 1970s, Freightos says – siloed information, lack of pricing transparency and obsolete analog documentation, resulting in importers often … [Read more...] about Freightos launches first online int’l freight marketplace
Hellmann Worldwide goes with Freightos for rate management
Hellmann Worldwide Logistics announced that it is completing a global rollout of the Freightos AcceleRate rate management and auto-quote system to further increase value for customers and improve operational efficiency across all modes. Selected after an extensive vetting process, the AcceleRate rate management and sales digitalisation system is already optimising air, ocean, truck and rail freight pricing and sales for Hellmann Worldwide Logistics offices globally. As a result, Hellmann … [Read more...] about Hellmann Worldwide goes with Freightos for rate management
iPhone 6s: China to US by airfreight for US 72 cents
Online freight rate quoting company, Freightos has estimated the cost of shipping the new iPhone 6s via air freight from China to the US would cost Apple US 72 cents per iPhone package. This includes local China trucking and distribution to retailers amounting to 17 cents, making the pure airfreight portion only 55 cents. Freightos undertook the exercise as a demonstration of its new private beta version of its online instant freight quote marketplace. "From some rough calculations, we … [Read more...] about iPhone 6s: China to US by airfreight for US 72 cents
