Core Insights - Freightos has launched the Freightos Index Linking Toolkit, enhancing its Freightos Terminal market intelligence solution to enable dynamic contract pricing that adjusts to market fluctuations [1][2] - The index-linking approach is transforming freight contract management, particularly in containerized shipping and air cargo, by providing a more resilient and efficient pricing model [2][3] Company Overview - Freightos is a leading digital freight booking and payment platform, connecting airlines, ocean carriers, freight forwarders, and importers/exporters to streamline global trade [7][8] - The platform digitizes the international freight industry, offering a suite of software solutions for pricing, quoting, booking, shipment management, and payments [8] Industry Impact - Index-linking is becoming increasingly important in the freight industry, allowing for stable and reliable contracts while reducing the need for renegotiations [2][3] - The Freightos Baltic Index (FBX) and Freightos Air Index (FAX) serve as foundational elements for the index-linking toolkit, based on extensive transactional data [4][9] Operational Efficiency - The toolkit aims to reduce freight pricing exposure and improve internal efficiency for carriers, forwarders, and beneficial cargo owners (BCOs) when combined with freight future agreements [5] - Logistics teams are shifting from annual to quarterly renegotiations of freight contracts due to ongoing market volatility, highlighting the need for more adaptive solutions [6]
Freightos® Introduces Index Linking for Freight Contracts, Bringing Global Trade to the Digital Age