Air, Freight News, IT

Benchmarking firm adds airfreight

[ December 14, 2017   //   Chris ]

Real-time ocean freight rates benchmarking and market intelligence platform Xeneta is to add an air freight offering. The Oslo-based company gathers the latest global shipping data from a community of over 700 leading businesses, covering more than 160,000 port-to-port pairings and over 35 million contracted rates. This allows users to track trends and stay on top of market developments.

Xeneta chief executive Patrik Berglund believes there is a clear demand for an airfreight benchmarking tool: “The sector is equally, if not even more, unpredictable than that of ocean freight rates, with prices currently sky rocketing due to lack of capacity and increasing e-commerce demand, amongst other factors.

“By providing greater real-time intelligence, understanding and visibility we can help the market tackle this issue head-on.”

Xeneta for air freight is scheduled for full launch in the second quarter of 2018. It will operate with the same, data collection model as the ocean service.

Xeneta recently added ocean refrigerated container rates to its platform and set up a dedicated NVO commercial team, headed by Paul Mullins, formerly of INTTRA.

 

Tags: Xeneta