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    Home - E-commerce & Retail - Freightos launches an integrated freight procurement platform
    E-commerce & Retail

    Freightos launches an integrated freight procurement platform

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    Freightos launches an integrated freight procurement platform
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    As U.S. importers brace for a new wave of proposed tariffs, Freightos has introduced a digital procurement suite aimed at stabilizing freight operations amid rising trade volatility.

    The launch of Freightos Enterprise, a logistics platform for large shippers, comes as small businesses report significant disruptions in their shipping and sourcing strategies.

    The new system consolidates freight procurement, booking, and market intelligence into one platform. Designed to support procurement across air, ocean, and ground modes, the suite includes tools for requests for quotations (RFQs), contract management, real-time booking with carriers, and rate benchmarking via Freightos’ indexes for container and air freight.

    The launch coincides with new data from Freightos, which surveyed more than 200 small U.S. importers using its marketplace platform. The results point to mounting pressure in U.S. trade flows due to the proposed Trump administration tariffs:

    • 34% of respondents said they have paused shipments entirely.
    • 20% accelerated imports to beat the tariffs.
    • 54% expect serious or significant cuts to freight volumes.
    • 29% are actively seeking new vendors or sourcing countries.

    Frieghtos launches platform amid tariff disruptions

    The average concern level among respondents was 8.9 out of 10, with 62% rating their anxiety at the maximum level. More than half (51%) said they don’t know what the administration will do next, prompting inconsistent strategies around whether to ship or hold inventory.

    “This could be a real inflection point for air and ocean cargo markets,” Freightos noted in its report, emphasizing the tariff impact on high-velocity sectors such as electronics, toys, and apparel.

    Some importers fear their businesses may not survive. One respondent reported $46,000 in tariffs on a single container. Another warned: “If Trump doesn’t give us a temporary pause, we could very well be put out of business.” A third said, “Sales will be down by 25%–30% as we rebuild our supply chain from scratch.”

    Freightos CEO Zvi Schreiber said the new enterprise suite addresses long-standing inefficiencies in freight management.

    “We’re bringing the pieces together in a unified system,” Schreiber said.

    The company claims early adopters have seen a 20% reduction in freight spend and an 80% drop in quote-related email traffic.

    Freightos reported $23.8 million in revenue in 2024, up 17% year over year, with a gross booking value of $894 million. The company processed 1.3 million transactions during the year but posted a net loss of $22.5 million, including a goodwill impairment charge. Freightos maintains a cash balance of $37.3 million and aims to break even by the end of 2026.

    The company said Freightos Enterprise is now available with modular implementation options for importers and exporters looking to adapt quickly to changing trade dynamics.

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    Sign up for a complimentary subscription to Digital Commerce 360 B2B News. It covers technology and business trends in the growing B2B ecommerce industry. Contact Mark Brohan, senior vice president of B2B and Market Research, at [email protected]. Follow him on Twitter @markbrohan. Follow us on LinkedIn, X (formerly Twitter), Facebook and YouTube. 

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