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Freightos Expands Digital Air Cargo Offering with HNA Cargo, Boosting Capacity on Key Routes between Europe and Asia

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Freightos (NASDAQ: CRGO) has announced the addition of Hainan Airlines (HNA Cargo) to its WebCargo digital air cargo booking and payment platform. This collaboration expands capacity for forwarders in Asia Pacific and Europe. With HNA Cargo's inclusion, 3 out of China's 4 major air cargo carriers are now accessible on WebCargo, representing 65% of global capacity.

HNA Cargo operates over 600 aircraft across 11 airlines, covering more than 2,000 routes and serving over 300 cities worldwide. The integration will provide forwarders with access to HNA Cargo's extensive network, including direct routes into China and across the Asia Pacific region.

WebCargo's digital payment solution now supports transactions with HNA Cargo, allowing forwarders to book and pay for shipments through a single interface. HNA Cargo's capacity will initially launch in key North Asian and Southeast Asian markets, including Japan, Singapore, Vietnam, and Thailand.

Freightos (NASDAQ: CRGO) ha annunciato l'aggiunta di Hainan Airlines (HNA Cargo) alla sua piattaforma digitale di prenotazione e pagamento per il cargo aereo WebCargo. Questa collaborazione amplia la capacità per i forwarder nella regione Asia-Pacifico e in Europa. Con l'inclusione di HNA Cargo, 3 dei 4 principali vettori di cargo aereo della Cina sono ora accessibili su WebCargo, rappresentando il 65% della capacità globale.

HNA Cargo opera con oltre 600 aerei attraverso 11 compagnie aeree, coprendo più di 2.000 rotte e servendo oltre 300 città in tutto il mondo. L'integrazione fornirà ai forwarder accesso alla vasta rete di HNA Cargo, incluse rotte dirette verso la Cina e attraverso la regione Asia-Pacifico.

La soluzione di pagamento digitale di WebCargo ora supporta transazioni con HNA Cargo, consentendo ai forwarder di prenotare e pagare le spedizioni tramite un'unica interfaccia. La capacità di HNA Cargo sarà inizialmente lanciata nei principali mercati dell'Asia settentrionale e sudorientale, tra cui Giappone, Singapore, Vietnam e Thailandia.

Freightos (NASDAQ: CRGO) ha anunciado la incorporación de Hainan Airlines (HNA Cargo) a su plataforma digital de reserva y pago de carga aérea WebCargo. Esta colaboración amplía la capacidad para los transitarios en la región de Asia-Pacífico y Europa. Con la inclusión de HNA Cargo, 3 de los 4 principales transportistas de carga aérea de China ahora están accesibles en WebCargo, representando el 65% de la capacidad global.

HNA Cargo opera más de 600 aeronaves a través de 11 aerolíneas, cubriendo más de 2,000 rutas y sirviendo a más de 300 ciudades en todo el mundo. La integración proporcionará a los transitarios acceso a la amplia red de HNA Cargo, incluyendo rutas directas a China y a través de la región de Asia-Pacífico.

La solución de pago digital de WebCargo ahora admite transacciones con HNA Cargo, lo que permite a los transitarios reservar y pagar por los envíos a través de una única interfaz. La capacidad de HNA Cargo se lanzará inicialmente en los principales mercados del norte y sureste asiático, incluyendo Japón, Singapur, Vietnam y Tailandia.

Freightos (NASDAQ: CRGO)는 Hainan Airlines (HNA Cargo)를 자사의 디지털 항공 화물 예약 및 결제 플랫폼 WebCargo에 추가했다고 발표했습니다. 이 협업은 아시아 태평양 및 유럽의 포워더를 위한 용량을 확장합니다. HNA Cargo가 포함되면서 현재 중국의 4대 주요 항공 화물 운송업체 중 3곳이 WebCargo를 통해 접근 가능해져, 세계 용량의 65%를 차지합니다.

HNA Cargo는 11개 항공사를 통해 600대 이상의 항공기를 운영하며, 2,000개 이상의 노선과 300개 이상의 도시를 전 세계에 서비스합니다. 통합을 통해 포워더는 HNA Cargo의 광범위한 네트워크에 접근할 수 있으며, 중국 및 아시아 태평양 지역으로의 직항 노선이 포함됩니다.

WebCargo의 디지털 결제 솔루션은 이제 HNA Cargo와의 거래를 지원하며, 포워더가 단일 인터페이스를 통해 화물 예약 및 결제를 할 수 있도록 합니다. HNA Cargo의 용량은 초기에는 일본, 싱가포르, 베트남 및 태국을 포함한 주요 북아시아 및 동남아시아 시장에서 출시됩니다.

Freightos (NASDAQ: CRGO) a annoncé l'ajout de Hainan Airlines (HNA Cargo) à sa plateforme numérique de réservation et de paiement pour le fret aérien WebCargo. Cette collaboration élargit la capacité pour les commissionnaires dans la région Asie-Pacifique et en Europe. Avec l'inclusion de HNA Cargo, 3 des 4 grands transporteurs de fret aérien chinois sont désormais accessibles sur WebCargo, représentant 65% de la capacité mondiale.

HNA Cargo exploite plus de 600 appareils à travers 11 compagnies aériennes, couvrant plus de 2 000 routes et desservant plus de 300 villes dans le monde. L'intégration fournira aux commissionnaires l'accès au vaste réseau de HNA Cargo, y compris des routes directes vers la Chine et à travers la région Asie-Pacifique.

La solution de paiement numérique de WebCargo prend désormais en charge les transactions avec HNA Cargo, permettant aux commissionnaires de réserver et de payer les expéditions via une interface unique. La capacité de HNA Cargo sera initialement lancée sur des marchés clés d'Asie du Nord et du Sud-Est, y compris le Japon, Singapour, le Vietnam et la Thaïlande.

Freightos (NASDAQ: CRGO) hat die Aufnahme von Hainan Airlines (HNA Cargo) in seine digitale Plattform für die Buchung und Zahlung von Luftfracht, WebCargo, bekannt gegeben. Diese Zusammenarbeit erweitert die Kapazitäten für Spediteure im Asien-Pazifik-Raum und in Europa. Mit der Aufnahme von HNA Cargo sind nun 3 der 4 großen Luftfrachtanbieter Chinas über WebCargo zugänglich, was 65% der globalen Kapazität ausmacht.

HNA Cargo betreibt über 600 Flugzeuge in 11 Fluggesellschaften und deckt mehr als 2.000 Routen ab, die über 300 Städte weltweit bedienen. Die Integration bietet Spediteuren Zugang zum weitreichenden Netzwerk von HNA Cargo, einschließlich Direktverbindungen nach China und in den Asien-Pazifik-Raum.

Die digitale Zahlungslösung von WebCargo unterstützt jetzt Transaktionen mit HNA Cargo, sodass Spediteure Buchungen und Zahlungen für Sendungen über eine einzige Schnittstelle abwickeln können. Die Kapazität von HNA Cargo wird zunächst in wichtigen Märkten in Nord- und Südostasien, darunter Japan, Singapur, Vietnam und Thailand, eingeführt.

Positive
  • Addition of HNA Cargo expands Freightos' digital air cargo offering in Asia Pacific and Europe
  • 3 out of China's 4 major air cargo carriers now accessible on WebCargo platform
  • Airlines representing 65% of global capacity available on the platform
  • Integration provides access to HNA Cargo's extensive network of over 2,000 routes and 300 cities
  • WebCargo's digital payment solution now supports transactions with HNA Cargo
Negative
  • None.

Insights

The integration of HNA Cargo into Freightos' WebCargo platform is a significant development in the digital air cargo sector. This move expands Freightos' coverage in the important Asia-Pacific region, particularly China, where HNA is a major player. The addition brings 3 out of 4 major Chinese air cargo carriers onto the platform, representing a substantial portion of the country's air freight capacity.

For forwarders, this means increased access to routes and capacity, especially in key markets like Japan, Singapore, Vietnam and Thailand. The integration of WebCargo Pay further streamlines the booking and payment process, potentially reducing transaction friction and improving cash flow management for freight forwarders.

From an industry perspective, this partnership underscores the ongoing digital transformation in logistics. With 65% of global air cargo capacity now available on WebCargo, we're seeing a significant shift towards digital booking platforms in an industry that has traditionally been slow to adopt new technologies.

This partnership has positive implications for Freightos' (NASDAQ: CRGO) business model and potential revenue growth. By adding HNA Cargo, Freightos expands its network effect, making its platform more attractive to both carriers and forwarders. This could lead to increased transaction volume and, consequently, higher revenue from booking fees and payment processing.

The expansion into key Asian markets is particularly noteworthy, given the region's importance in global trade. This move could help Freightos capture a larger share of the air cargo booking market in Asia, potentially driving user growth and market share gains.

Investors should note that while this partnership doesn't directly impact Freightos' financials, it strengthens the company's competitive position and growth prospects. However, with a market cap of $67 million, Freightos is still a small player and the full impact of such partnerships may take time to materialize in financial results.

BARCELONA, Spain, Sept. 26, 2024 /PRNewswire/ -- Freightos (NASDAQ: CRGO), the leading vendor-neutral digital booking and payment platform for the international freight industry, today announced the addition of Hainan Airlines (HNA Cargo), a top five airline in China, to its leading WebCargo digital air cargo booking and payment platform. This collaboration marks a significant expansion of capacity available for forwarders on the platform in Asia Pacific and Europe. Additionally, WebCargo's digital payment solution now supports transactions with HNA Cargo, enabling forwarders to seamlessly book and pay for shipments through a single interface.

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With the addition of Hainan Airlines, 3 out of China's 4 major air cargo carriers—Hainan Airlines, China Southern, and China Eastern—will now be accessible to thousands of global forwarders large and small that book on WebCargo's platform, with airlines representing 65% of global capacity now available on the platform.

HNA Cargo, a prominent member of the Hainan Airlines Group, operates a vast network of over 600 aircraft across 11 airlines, covering more than 2,000 routes and serving over 300 cities worldwide. The company is a key player in both international and domestic belly cargo, offering reliable transportation for perishables and specialized goods across its vast network.

"We have placed a strong emphasis on enhancing our Asian air cargo coverage for forwarders on WebCargo by Freightos," said Joyce Tai, Freightos' EVP of Worldwide Partnerships. "This integration will provide forwarders with seamless access to HNA Cargo's extensive capacity, including direct routes into China and across the Asia Pacific region, and trade patterns that demand flexible air cargo solutions."

"Partnering with WebCargo by Freightos represents a major advancement in our digital strategy," said Qiushi Zheng, Vice President at HNA Cargo.  "With a network that spans over 300 cities and more than 2,000 global routes, this collaboration allows us to better leverage our extensive capacity to meet the evolving needs of the market. Gaining access to over 10,000 freight forwarder offices worldwide through Freightos's innovative platform will enhance our ability to deliver efficient and reliable service. Additionally, their advanced booking and payment solutions will help us optimize our digital sales approach, ensuring more and more customers can book and pay on one platform digitally, daily and globally."

HNA Cargo's capacity will first launch in key North Asian and Southeast Asian Markets including Japan, Singapore, Vietnam and Thailand. Customers can take advantage of WebCargo Pay's innovative payment options to book directly with HNA Cargo, without needing an IATA license or a bank guarantee, while paying with various payment methods, including credit lines, credit cards, and prepaid options. WebCargo's digital platform also provides real-time visibility into charges and invoices, simplifying budgeting and reconciliation processes for users.

Forwarders interested in booking with HNA Cargo can register for a free WebCargo account at webcargo.co/hna-cargo.

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.

More information is available at freightos.com/investors.

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

Investor Contact
Anat Earon-Heilborn
ir@freightos.com

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SOURCE Freightos

FAQ

What is the significance of Freightos adding HNA Cargo to its WebCargo platform?

The addition of HNA Cargo to Freightos' WebCargo platform expands digital air cargo capacity on key routes between Europe and Asia, providing forwarders with seamless access to HNA Cargo's extensive network and enhancing Freightos' (CRGO) coverage in the Asia Pacific region.

How much global air cargo capacity is now available on Freightos' WebCargo platform?

With the addition of HNA Cargo, airlines representing 65% of global air cargo capacity are now available on Freightos' (CRGO) WebCargo platform.

Which markets will HNA Cargo's capacity initially launch in on the WebCargo platform?

HNA Cargo's capacity will first launch in key North Asian and Southeast Asian markets, including Japan, Singapore, Vietnam, and Thailand, on Freightos' (CRGO) WebCargo platform.

How does WebCargo's digital payment solution benefit forwarders booking with HNA Cargo?

WebCargo's digital payment solution allows forwarders to book and pay for shipments with HNA Cargo through a single interface, without needing an IATA license or bank guarantee. It offers various payment methods and provides real-time visibility into charges and invoices.

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