News

Freightos acquires 7LFreight to expand North American presence

The Freightos Group has acquired rate management company 7LFreight, expanding its presence in North America.

Forwarders using 7LFreight will have services enhanced with instant pricing and booking via WebCargo, another Freightos Group company.

Digital Air Cargo booking has boomed during the pandemic with over 29% of global air capacity available via WebCargo and ebookings growing 1,000% year-on-year in 2021.

Manel Galindo, CEO of WebCargo says: “As more airlines embrace Digital Air Cargo, we’ve been able to give forwarders the digital tools to book cargo instantly, saving time and money. 7LFreight has been working towards that same goal and we’re excited to combine our experience and networks so more forwarders can offer quicker, cheaper and more predictable air cargo services while maintaining the highest standard of customer care.”

Brennan O’Dowd, CEO of 7LFreight adds: “We've competed with WebCargo over the years, and I believe that by joining our data sets and capabilities, we'll be able to provide an industry-leading, comprehensive global solution to our customers. This acquisition makes a lot of sense for our customers as well as our employees.”