Freightos e-booking company WebCargo has acquired Chennai-based regional air cargo rates and sales platform Air Freight Bazaar.
The acquisition combines WebCargo’s advanced air cargo rates, sales and e-booking platform, used by over 1,400 forwarders with Air Freight Bazaar’s 300 regional air forwarders.
Air Freight Bazaar customers will receive access to WebCargo’s platform, including access to on-demand air rates, dynamic pricing and e-booking. These include with air cargo carriers like Lufthansa Cargo and Air France KLM.
Frightos said the acquisition sets the stage for future regional expansion of its suite of digital freight sales and management platforms.
Air Freight Bazaar co-founder, Jose George said: “Our vision has always been to help India’s logistics providers improve with advanced technology.”
Air Freight Bazaar co-founder, Vinay Sethia added: “With Webcargo by Freightos, we can offer our customers improved technology, direct access to over 300 airlines, and eBooking. We’re also excited to represent WebCargo and Freightos in India.”
Freightos chief executive officer, Zvi Schreiber said: “Air Freight Bazaar has been a regional leader in freight digitalisation, making them a natural fit. Our initial focus in India will be on further automation for local air freight forwarders and collaborating on dynamic pricing and eBooking with regional airlines.”