Online freight marketplace Freightos has acquired WebCargoNet, the air cargo rate management provider to create one of the world’s largest database of air, ocean, and land freight rates.
WebCargoNet will retain its independent brand, bringing air cargo rates online worldwide, complementing the Freightos’ AcceleRate freight rate management solution and the Freightos Marketplace.
Zvi Schreiber, founder and CEO of Freightos, said: “Passenger travel booking went online half a century ago. Today, WebCargoNet has finally done the same for air cargo, and shares Freightos’ vision of frictionless global trade. This strategic consolidation of technologies is a sure signal that the logistics technology industry is ripe for growth. Combining these two technologies takes us a step closer to bringing freight shipping online and into the 21st century for companies big and small.”