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
WebCargo
Turkish Cargo joins Freightos platform WebCargo
Turkish Cargo has signed up with Freightos Group’s WebCargo and is set to start selling capacity on the e-booking platform in Spain and India, with further rollouts to several countries, according to a press release. The airline said that with its shift to e-bookings, more than 20 percent of its global air cargo capacity will now be digitized, providing more than 2,000 forwarders on WebCargo with instant access to capacity and pricing. Also read: Turkish Cargo ramps up its digitalisation … [Read more...] about Turkish Cargo joins Freightos platform WebCargo
TIACA bolsters Board with four new appointments
The International Air Cargo Association (TIACA) has added four new members on its board of directors, broadening the industry expertise of the current Board. Following a year of internal re-organization and the changing of governance structure, Liana Coyne of Coyne Airways, Bob Chi of SATS Ltd, Manel Galindo of WebCargo, and Hendrik Leyssens of Swissport will join the board to fill roles that have been underrepresented in the past. “Each new Board member has been vetted by the Executive … [Read more...] about TIACA bolsters Board with four new appointments
Qatar Airways makes digital leap with WebCargo
Qatar Airways Cargo is marking a major milestone in air cargo digitalisation as it looks to go live on Freightos’ cargo booking platform WebCargo, providing forwarders with real-time pricing and capacity. “Digitalisation is a crucial step in powering agile supply chains in a rapidly changing world," said Freightos Group CEO, Zvi Schrieber. With this partnership, forwarders working with QR Cargo will be able to book online in real time and gain access to live rates and available capacity, … [Read more...] about Qatar Airways makes digital leap with WebCargo
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