Delta Cargo Partners with Freightos' WebCargo and 7LFreight to Offer Real-Time Digital Air Cargo Quotes and Bookings

Rhea-AI Summary

WebCargo by Freightos (NASDAQ: CRGO) collaborates with Delta Cargo to enhance real-time digital pricing and booking options, expanding access to U.S. export and domestic air cargo capacity. The partnership aims to improve global trade efficiency by offering transparent booking of air cargo across Delta Air Lines' global network.

Insights

Market Research Analyst

The partnership between WebCargo by Freightos and Delta Cargo represents a strategic move in the logistics industry, potentially streamlining the booking process for freight forwarders and enhancing the efficiency of global trade. The integration of real-time digital pricing and booking options is a significant advancement, as it allows for more agile and informed decision-making by freight forwarders. This could lead to reduced operational costs and improved service delivery, which may translate into competitive advantages for both WebCargo and Delta Cargo.

Furthermore, the growth in bookings reported by Delta Cargo indicates a positive market reception and could suggest a robust demand for digital solutions in freight logistics. This trend is likely to continue as the industry increasingly adopts technology-driven solutions. The expansion of accessible routes and cargo services could potentially increase market share for Delta Cargo and WebCargo, possibly impacting their financial performance positively in the long run.

Supply Chain Management Expert

The collaboration between WebCargo and Delta Cargo is more than a technological upgrade; it's a transformative approach to how air cargo capacity is managed and distributed. By offering real-time access to cargo space, the partnership is effectively reducing the lead time and uncertainty that often plagues the logistics sector. This could lead to a more dynamic supply chain, where just-in-time delivery becomes more feasible and inventory costs for businesses could decrease.

Delta Cargo's decision to expand its digital footprint through WebCargo's platform also indicates a shift towards more transparent and efficient logistics operations. The inclusion of specialized products like DASH® Heavy for domestic markets and General freight for exports shows a tailored approach to meet diverse market needs, which could help in capturing a larger client base. This strategic focus on customization and efficiency might set a new standard in the air freight industry, potentially influencing other carriers to follow suit.

Financial Analyst

From a financial perspective, the partnership between WebCargo by Freightos and Delta Cargo may have a positive impact on both companies' revenue streams. The reported threefold increase in bookings through the platform is a strong indicator of the potential for revenue growth. As Delta Cargo expands its offerings and captures a larger share of the digital booking market, this could lead to increased utilization of its cargo capacity, thereby boosting its profitability.

Investors should monitor the adoption rate of the enhanced platform by freight forwarders, as this will be a critical metric in assessing the success of the collaboration. Additionally, the efficiency gains from this digital integration may lower costs and enhance margins for both companies. However, it is also important to consider the competitive landscape; if other carriers enhance their digital capabilities, it could mitigate some of the competitive advantages gained by Delta Cargo and WebCargo.

BARCELONA, Spain, March 26, 2024 /PRNewswire/ -- WebCargo by Freightos (NASDAQ: CRGO), a leading independent booking and payment platform for the international freight industry, is excited to announce a new collaboration with Delta Cargo, enhancing its offering to freight forwarders on Freightos' WebCargo and 7LFreight platforms via expanded access to real-time digital pricing and booking options for Delta Cargo's U.S. export and U.S. domestic air cargo capacity.

Delta Cargo is a leading air cargo belly carrier based in the United States, and their general cargo products and tariff fares have been available for eBooking on WebCargo since 2020. Building on recent technology-driven enhancements that saw Delta Cargo bookings on the platform grow by close to 3X year-over-year, the airline is now expanding the availability of its U.S. export and U.S. domestic fares and capacity on the platform.

7LFreight and WebCargo customers now have access to real-time quotes and capacity for Delta Air Lines' extensive global network out of the United States, reaching more than 250 destinations worldwide. This collaboration also expands the products and services available for booking on the platforms, including Delta Cargo's DASH® Heavy for the U.S. domestic market, as well as their General freight and Express Heavy products for U.S. export shipments.

"The combination of global and domestic air cargo, particularly in the United States, is a game-changer for more efficient global trade. 7LFreight by Freightos already offers digital booking of domestic U.S. LTL trucking, and today we're excited to offer instant transparent booking of air cargo from the U.S. across Delta Air Lines' global network," said Zvi Schreiber, CEO of Freightos. "This is another step in improving global freight for forwarders of all sizes, reducing cost, delays and uncertainty." 

Delta Cargo's Director of Pricing and Revenue Management, Sebastian Kunze said, "Our partnership with Freightos leverages their significant digital reach to accelerate Delta Cargo's vision for providing comprehensive air freight solutions to our global customers. Technology-driven innovation like this allows us to continue to diversify our already robust offering to the air cargo market. WebCargo and 7LFreight's collaborative approach makes them prime partners, and we look forward to continuing to grow together."

Brennan O'Dowd, CEO of 7LFreight by Freightos, added, "We're thrilled to enhance our offering of Delta Cargo products and fares on the 7LFreight platform. Our client base consists largely of U.S.-based freight forwarders. Not only does Delta Cargo's presence on 7LFreight allow it to reach our extensive user base directly, it also greatly simplifies the booking process for 7LFreight users, who can now access Delta Cargo's products seamlessly within the 7LFreight shopping experience."

Forwarders interested in booking with Delta Cargo can register on 7LFreight or sign up for a free WebCargo account here.

About WebCargo by Freightos

WebCargo is the leading platform for live air cargo rate distribution and bookings between hundreds of airlines and 3,500+ forwarders across over 10,000 forwarding offices. Partners include over 30 airlines, including China Southern, American Airlines, Turkish Airlines, Lufthansa, Etihad Cargo, Air France KLM, IAG Cargo, SAS, Qatar Airways Cargo, JALCARGO, and Emirates SkyCargo. Forwarders not yet using WebCargo can register for a free account at www.webcargo.co and begin accessing instant eBookings with dozens of carriers.

About 7LFreight by Freightos

7LFreight is a highly effective freight rate management, pricing and booking tool for North American forwarders. With its uncompromising commitment to providing world-class customer service, 7LFreight is used by over 1,250 offices worldwide with over 10,000 transportation professionals relying on 7LFreight as their primary source of rate information.

About Freightos

Freightos® (Nasdaq: CRGO) is the leading, vendor-neutral booking and payment platform that connects carriers, freight forwarders, and importers/exporters to make international shipping faster, more cost-effective and more reliable.  Freightos operates freightos.com, a global freight marketplace for importers and exporters, Clearit, a digital customs brokerage, and Freightos Terminal, a one-stop global freight market intelligence solution that offers data on real-time pricing, transit times, the Freightos Air Index (FAX) and Freightos Baltic Index (FBX), and a news feed.

About Delta Cargo

Delta Cargo offers access to an industry-leading global network, carrying billions of cargo ton-miles each year and reaching hundreds of destinations. Whether it's transporting life-saving pharmaceuticals, organs for transplant, fresh flowers or seasonal produce, Delta Cargo's strong product portfolio provides world-class service for every customer's needs.

Media Contact:

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

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SOURCE Freightos

FAQ

What is the collaboration between WebCargo by Freightos and Delta Cargo about?

The collaboration aims to enhance real-time digital pricing and booking options, expanding access to U.S. export and domestic air cargo capacity.

What benefits do 7LFreight and WebCargo customers gain from this collaboration?

Customers gain access to real-time quotes and capacity for Delta Air Lines' global network out of the United States, reaching more than 250 destinations worldwide.

Who is the CEO of Freightos and what did he mention about the partnership?

Zvi Schreiber, CEO of Freightos, mentioned that the collaboration is a game-changer for more efficient global trade and aims to reduce costs, delays, and uncertainty.

What products and services are now available for booking on the platforms due to this collaboration?

The collaboration expands the products and services available for booking on the platforms, including Delta Cargo's DASH® Heavy for the U.S. domestic market, General freight, and Express Heavy products for U.S. export shipments.

How does Delta Cargo's Director of Pricing and Revenue Management view the partnership?

Sebastian Kunze mentioned that the partnership accelerates Delta Cargo's vision for providing comprehensive air freight solutions to global customers and allows them to diversify their offering to the air cargo market.

What did the CEO of 7LFreight by Freightos, Brennan O'Dowd, say about the collaboration?

Brennan O'Dowd mentioned that they are thrilled to enhance their offering of Delta Cargo products and fares on the 7LFreight platform, simplifying the booking process for users and reaching their extensive user base directly.