Core Insights - Freightos has launched Freightos Enterprise, an integrated logistics procurement suite aimed at large importers and exporters, addressing the fragmented nature of global freight procurement and execution [1][4] - The platform combines annual, quarterly, and spot procurement of air, ocean, and ground freight, providing essential market intelligence to navigate industry volatility [1][4] Company Overview - Freightos (NASDAQ: CRGO) is a leading digital freight booking and payment platform that connects airlines, ocean carriers, freight forwarders, and over ten thousand importers and exporters [5] - The company digitizes the trillion-dollar international freight industry with a suite of software solutions for pricing, quoting, booking, shipment management, and payments [6] Product Features - Freightos Enterprise includes three modules: Procure, Rate, Book & Manage, and Terminal, which streamline the procurement process and enhance operational efficiency [2][8] - The Procure module automates RFQs and contract optimization, reducing procurement time by up to 90% [8][9] - The Rate, Book & Manage module offers direct digital connectivity to hundreds of carriers for rate comparison and shipment tracking [8] - The Terminal module provides real-time freight market intelligence and enhanced contract benchmarking capabilities [8] Market Context - The launch of Freightos Enterprise aligns with current industry challenges, including trade uncertainties and volatile rates, necessitating optimized spending and efficiency in complex supply chains [4] - Customers using Freightos Enterprise have reported significant benefits, including a 20% reduction in freight spend and an 80% decrease in email communication related to quoting and booking [9]

Core Insights - Radiant Logistics, Inc. has acquired USA Logistics Services, Inc. and USA Carrier Services, LLC, enhancing its freight forwarding and cartage operations in the Mid-Atlantic region [1][2] - The acquisition is structured with a portion of the purchase price contingent on the future performance of the acquired operations, consistent with Radiant's previous transactions [1] - USA Logistics, founded in 1999, specializes in customer service for medical equipment and time-sensitive air freight, and will transition to the Radiant brand post-acquisition [2] Company Overview - Radiant Logistics is a publicly traded third-party logistics company providing technology-enabled global transportation and value-added logistics solutions primarily in the U.S. and Canada [4] - The company offers a comprehensive range of services including domestic and international freight forwarding, truck and rail brokerage, warehouse and distribution, customs brokerage, and inventory management [4] Leadership and Strategic Direction - Mike Boyce, the founder of USA Logistics, will become the General Manager of the newly combined organization, reporting to Tim O'Brien, SVP and General Manager of Radiant's U.S. forwarding operations [2] - Radiant's CEO, Bohn Crain, emphasized the acquisition as a significant milestone in the company's evolution and a continuation of its strategy to partner with logistics entrepreneurs [3]

Summary of Expeditors International of Washington (EXPD) Update / Briefing Company Overview - **Company Name**: Expeditors International of Washington (EXPD) - **Founded**: 1979 - **Business Model**: Non-asset based organization - **Global Presence**: Over 340 office locations in 100+ countries with 18,000+ employees [9][10] Core Business Segments - **Wholly Owned Subsidiaries**: Includes Cargo Signal, Tradewind, and Expeditors Cargo Insurance Broker (ECIB) [10] - **Specialization**: Focus on marine cargo insurance and claims management [10][11] - **Annual Claims**: Handles over 27,000 cargo claims annually [11] Industry Insights - **Incoterms**: Discussed the importance of Incoterms in determining the responsibilities of buyers and sellers regarding cost, risk, and obligations during cargo transit [12][17] - **Historical Context**: Incoterms were first developed in 1936 and have been revised 8 times, with the next revision anticipated in 2030 [17][18] - **Types of Incoterms**: There are 11 total Incoterms, with 7 being multimodal and 4 specific to ocean transport [22][24] Key Points on Incoterms - **Purpose**: Incoterms help clarify the responsibilities of buyers and sellers, reducing misunderstandings [22][23] - **Common Terms**: Terms like EXW, FOB, DDP, and CIF are frequently used in international trade [18][24] - **Limitations**: Incoterms do not address legal aspects such as passage of title or revenue recognition [19][20] Risk Management - **Carrier Liability**: Carriers can limit their liability based on the mode of transport, with specific limits for ocean, air, and trucking [49][50] - **Liability Limits**: - International Ocean: $500 per customary freight unit - International Air: 22 SDR per kilo (approximately $30) - Trucking: $0.50 per pound [50][51] Notable Incidents - **Container Loss**: An average of 1,382 containers are lost at sea each year, with many never recovered [57][58] - **Risk Factors**: Factors such as packaging insufficiency and acts of God can exempt carriers from liability [59][60] Communication and Best Practices - **Importance of Clarity**: Emphasized the need for clear communication between buyers and sellers regarding responsibilities and terms [62] - **Recommendations**: Suggested having a copy of the Incoterms book for reference and understanding [45] Q&A Highlights - **Common Questions**: Addressed various questions regarding the application of Incoterms, including differences between terms like FCA and DDP, and the responsibilities of parties involved [63][64][68][70] - **Follow-Up**: Indicated that further clarifications would be provided for complex inquiries post-webinar [63][94] Conclusion - **Webinar Purpose**: Aimed to educate participants on the basics of Incoterms and their application in international trade, highlighting the importance of understanding responsibilities to mitigate risks [3][4][7]