Canada's WestJet Cargo Joins Freightos' WebCargo and 7LFreight Platforms, Boosting Cargo Capacity in North America, Europe and Asia

Rhea-AI Summary

Freightos (NASDAQ: CRGO) announced that WestJet Cargo has joined its WebCargo and 7LFreight platforms, enabling freight forwarders to access real-time rates, make eBookings, and process payments online. The integration expands WebCargo's network on key routes from Calgary to major international hubs including Tokyo Narita, London Heathrow, and Paris Charles de Gaulle.

The collaboration provides digital access to WestJet Cargo's services for transporting general cargo, perishables, high-value goods, pharmaceuticals, and time-sensitive shipments across their network of over 100 destinations. Freightos reports a 22% year-over-year increase in transactions, now supporting approximately 350,000 transactions, indicating growing demand for digital logistics solutions.

Positive

• Integration expands network coverage to over 100 destinations across multiple continents
• 22% year-over-year increase in transactions, reaching 350,000
• Addition of specialized cargo capabilities including pharmaceuticals and perishables

Negative

• None.

Insights

Digital Logistics and Air Freight Analyst

The integration of WestJet Cargo into Freightos' platforms marks a strategic expansion that strengthens the company's competitive position in several key ways:

The addition of WestJet's nearly 200-aircraft fleet and network of over 100 destinations significantly enhances Freightos' market depth, particularly in critical North American routes. This expansion is especially valuable for high-margin specialized cargo segments like pharmaceuticals and perishables, where digital booking efficiency can command premium rates.

The partnership's timing is particularly strategic, as demonstrated by Freightos' 22% year-over-year growth to 350,000 transactions. This growth trajectory suggests strong market validation of their digital transformation strategy in the traditionally analog freight industry. The expansion of real-time rate visibility and eBooking capabilities across major trade lanes (Calgary-Tokyo, London, Paris) positions Freightos to capture increased market share in the rapidly digitizing 186 billion air cargo market.

For revenue implications, the partnership opens up significant opportunities through:

• Transaction fee revenue from WestJet's extensive route network
• Enhanced platform stickiness for freight forwarders through expanded carrier options
• Premium service offerings for specialized cargo segments

The integration aligns with the broader industry shift toward digital freight booking solutions, where Freightos is establishing itself as a leading platform. The company's growing network effect - now enhanced by WestJet's addition - creates a competitive moat that becomes increasingly valuable as digital adoption accelerates in the logistics sector.

BARCELONA, Spain, Jan. 27, 2025 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading global freight booking and payment platform, today announced the addition of Canada's WestJet Cargo to its WebCargo and 7LFreight platforms. This collaboration enables freight forwarders to access WestJet Cargo's air freight network and see real-time rates, place eBookings, and pay online.

WestJet Cargo expands WebCargo's network on key tradelanes from Canada's Calgary (YYC) to major international hubs, including Tokyo Narita (NRT), London Heathrow (LHR), and Paris Charles de Gaulle (CDG). Freight forwarders gain digital access via WebCargo and 7LFreight to WestJet Cargo's reliable services for transporting not only general cargo but also perishables, high-value goods, pharmaceuticals, and time-sensitive shipments.

"WestJet Cargo adds valuable capacity to WebCargo and 7LFreight, connecting thousands of forwarders to over 100 destinations across its network, including for shipping key speciality products like perishables and pharmaceuticals," said Wayne Tyndall, VP Commercial - Freight Forwarders & Airlines.  "Since launching WebCargo by Freightos, we've facilitated tens of thousands of eBookings from Europe to Canada alone, and with the addition of WestJet Cargo, forwarders now have even more options on key tradelanes like Calgary to Tokyo, London, and Paris."

"We're excited to join Freightos' platform and expand WestJet Cargo's availability to freight forwarders worldwide," said Kirsten De Bruijn, Executive Vice President at WestJet Cargo. "This collaboration gives forwarders seamless access to our services on essential tradelanes while ensuring reliability and efficiency as global trade demands continue to evolve."

WestJet Cargo, part of the WestJet Group, brings decades of experience to the global freight market. Today, with a fleet of nearly 200 aircraft, WestJet transports passengers and cargo to over 100 destinations across North America, Central America, the Caribbean, Europe, and Asia.

"Freightos is at the forefront of industry digitization, supporting some 350,000 transactions. This  22% year-over-year increase highlights the growing demand for efficient digital logistics solutions.

Freight forwarders looking to book WestJet Cargo's capacity on WebCargo by Freightos can click here.

About Freightos

Freightos® (NASDAQ: CRGO) is the leading vendor-neutral global freight booking platform. Airlines, ocean carriers, thousands of freight forwarders, and well over ten thousand importers and exporters connect on Freightos, making world trade faster, more efficient, and more resilient.

The Freightos platform digitizes the trillion-dollar international freight industry, supported by a suite of software solutions that span pricing, quoting, booking, shipment management, and payments for global businesses of all shapes and sizes. Products include the Freightos Marketplace, WebCargo, WebCargo for Airlines, 7LFreight by WebCargo, Shipsta by Freightos, and Clearit.

Freightos is a leading provider of real-time industry data via Freightos Terminal, which includes the world's leading spot pricing indexes, Freightos Air Index (FAX) for air cargo and Freightos Baltic Index (FBX) for container shipping.

Media Contact

Tali Aronsky
PR Lead, Freightos
tali.aronsky@freightos.com

Logo: https://mma.prnewswire.com/media/2319256/4496202/Freightos_Logo.jpg 

View original content:https://www.prnewswire.com/news-releases/canadas-westjet-cargo-joins-freightos-webcargo-and-7lfreight-platforms-boosting-cargo-capacity-in-north-america-europe-and-asia-302360653.html

SOURCE Freightos

FAQ

What new routes does WestJet Cargo add to Freightos' (CRGO) network?

WestJet Cargo adds routes from Calgary (YYC) to major international hubs including Tokyo Narita (NRT), London Heathrow (LHR), and Paris Charles de Gaulle (CDG).

How many transactions does Freightos (CRGO) currently process?

Freightos supports approximately 350,000 transactions, representing a 22% year-over-year increase.

What types of cargo can be shipped through WestJet Cargo on Freightos' (CRGO) platform?

WestJet Cargo handles general cargo, perishables, high-value goods, pharmaceuticals, and time-sensitive shipments.

How many destinations does WestJet Cargo serve through Freightos' (CRGO) platform?

WestJet Cargo serves over 100 destinations across North America, Central America, the Caribbean, Europe, and Asia.

What new features are available to freight forwarders through CRGO's platform integration with WestJet Cargo?

Freight forwarders can access real-time rates, place eBookings, and make online payments for WestJet Cargo services.