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Freightos Partners with IATA for Air Cargo Digitalization

In an important step towards modernizing air cargo operations, Freightos Limited (NASDAQ: CRGO), a prominent global freight pricing and booking platform, has announced its participation in the IATA Digitalization Leadership Charter. This initiative aims to promote the adoption of interoperable digital connectivity standards throughout the global air cargo ecosystem.

As the freight industry continues its digital transformation, the need for seamless connectivity among carriers, forwarders, shippers, and technology platforms has never been greater. Real-time data exchange and interoperability are key components that can lead to more streamlined and efficient global supply chains.

The IATA Charter is focused on five key priorities that are crucial for the future of air cargo operations:
1. Driving Industry-Wide Interoperability and Data Standards: Establishing common data formats and standards will enable smoother information sharing across different platforms and stakeholders.
2. Strengthening Cybersecurity and Digital Resilience: With increased digital integration comes the need for robust cybersecurity measures to protect sensitive data and ensure operational continuity.
3. Accelerating Sustainable and Paperless Operations: The push towards sustainability necessitates the reduction of paper usage and the improvement of eco-friendly practices in the logistics sector.
4. Advancing Digital Excellence: By fostering innovation and automation, the industry can enhance operational efficiencies and deliver superior service.
5. Promoting Responsible Technology Adoption: Encouraging ethical practices in utilizing emerging technologies, such as artificial intelligence, to optimize processes.

Pablo Pinillos, CEO and Interim CFO of Freightos, emphasized the growing importance of digital connectivity, stating, "Real-time digital connectivity and interoperable data exchange are becoming increasingly important across global freight workflows. We believe that industry collaboration and common standards will reduce integration friction and enable more efficient connectivity across carriers, forwarders, shippers, and technology providers." He is optimistic that collective efforts will contribute to shaping a more agile and resilient global freight ecosystem.

Jonathan Parkinson, Head of Cargo Digitalization at IATA, expressed enthusiasm about Freightos's participation in the Charter. He noted, "Digital transformation requires collaboration across the entire air cargo ecosystem, and the participation of leading digital platforms helps strengthen our collective efforts to advance data sharing, interoperability, and the adoption of industry standards such as ONE Record."

As the industry moves toward universal data standards, Freightos is well-positioned to provide the digital infrastructure necessary for a seamless transition into the next chapter of global logistics. To learn more about their offerings or get started, interested parties can visit their website at freightos.com.

About Freightos

Freightos® operates as a vendor-neutral platform that connects airlines, ocean carriers, freight forwarders, and importers and exporters across the globe. By digitizing the international freight sector, Freightos aims to enhance the efficiency, agility, and resilience of world trade.

With a variety of software solutions designed for different business sizes, Freightos offers products such as Freightos Enterprise for multinational corporations, Freightos Marketplace for small businesses, and WebCargo tailored for freight forwarders. Their data-driven approach also includes the Freightos Terminal, boasting the world’s leading spot pricing indexes, the Freightos Air Index (FAX), and the Freightos Baltic Index (FBX) for container shipping. Futures for the FBX are traded on CME and SGX, emphasizing their pivotal role in navigating global trade dynamics.

To explore more about Freightos and its range of services, visit freightos.com/investors.