Freightos Partners with Megacap, Boosting Digital Access for 13 Airlines

Freightos Collaborates with Megacap Aviation to Enhance Freight Access

In a noteworthy development in the international freight industry, Freightos (NASDAQ: CRGO), the leading vendor-neutral global freight booking and payment platform, has announced a collaboration with Megacap Aviation Services. This strategic partnership aims to provide global freight forwarders with seamless digital access to capacity from an impressive roster of 13 airlines in Megacap's network, beginning with Ethiopian Airlines, Africa’s largest cargo carrier.

The integration with Freightos marks a significant milestone, as over 5,000 freight forwarders utilizing WebCargo by Freightos will now have the ability to access real-time capacity, pricing, and booking options from these airlines. The partnership is poised to revolutionize logistical operations, particularly in the context of robust growth in Asia's import and export activities, with China leading as a key player in global trade. Freightos’ commitment to enhancing transparency and user experience in booking freight is evident in this collaboration, setting a new benchmark for efficiency in the sector.

A Strategic Move in Global Trade

Megacap Aviation Services operates as a leading General Sales Agent (GSA) and plays a pivotal role in streamlining sales operations for various international carriers in the Asian market. This partnership not only benefits freight forwarders but is also anticipated to enhance the overall logistics experience for shippers and clients. The initial phase of the collaboration will incorporate Ethiopian Airlines, with plans to expand to other reputable carriers across Asia-Pacific, Europe, the Middle East, and the Americas, thus broadening the range of options available.

Zvi Schreiber, CEO of Freightos, highlights the transformative nature of this partnership, stating, "WebCargo by Freightos excels at combining best-of-breed capacity options, ultimately making global trade more efficient, transparent, and accessible for all stakeholders in the supply chain. With instant digital access to 13 carriers, including Ethiopian Airlines, forwarders can seamlessly connect Asian markets with enterprise shippers through our Freightos Enterprise offering."

The collaboration is a critical response to the growing demand for digital solutions in logistics, and especially for emerging markets such as Asia, which continues to digitalize its logistics distribution processes. Jerry Xu, Managing Director of Megacap Aviation Services, expressed the company's enthusiasm for leveraging this partnership to stimulate economic opportunities across diverse markets, asserting that they see enormous potential in collaborative efforts with Freightos. The aim is to enable clients to access real-time logistics prices conveniently, book services rapidly, and gain comprehensive visibility into logistics dynamics.

Implications for Freight Forwarders

The access to Ethiopian Airlines, renowned for its extensive network linking Africa with major global markets, is especially beneficial for freight forwarders engaged in China-Africa trade routes as well as intercontinental logistics. By leveraging Megacap's expertise, Freightos users will have access to efficient transport solutions that are crucial for timely deliveries and enhanced supply chain management.

Furthermore, Freightos continues to innovate within the global freight booking landscape, having established a comprehensive suite of software solutions encompassing pricing, quoting, booking, shipment management, and payment systems tailored for businesses of varying sizes worldwide. Their ability to provide real-time industry data, including leading spot pricing indexes, strengthens their competitive edge in the marketplace.

As global trade continuously evolves, the collaboration between Freightos and Megacap Aviation is set to foster more strategic and transparent operations across various sectors within logistics. With digital solutions at the forefront, both companies are actively contributing to an agile future for international trade.

In conclusion, the partnership between Freightos and Megacap Aviation marks a significant step towards modernizing the freight industry, creating an advantageous environment for forwarders, airlines, and shippers alike. By integrating cutting-edge technology and expertise, the logistics landscape is indeed headed towards more efficient and accessible trading avenues.