Ocean freight rate intelligence company Xeneta and Catapult, rate and contract management software provider have announced a collaboration that will allow Catapult customers including freight forwarders and NVOCCs (non-vessel-operating common carrier community members) to access Xeneta data in their existing software workflow.
Xeneta has launched a new Xeneta Shipping Index (XSI) Public Indices report, which utilises its database of over 85 million contracted freight rates to deliver a monthly snapshot of long-term rate developments in the container industry, including an overview of the busiest global trade corridors, allowing users to monitor regional developments and track trends for key markets.
Freight rate intelligence platform Xeneta has created a new offering called Xeneta Shipping Index (XSI), allowing involved parties to set rates at transparent prices that directly follow market fluctuations.
Freight rates intelligence platform Xeneta reports that it has added reefer container rate data to its system, and has begun to populate its database with more than 30,000 data points for major trade lanes that have been generated by existing customers that joined its beta programme.
Ocean freight benchmarking and market intelligence software platform Xeneta has raised $12 million in a Series B investment round led by London-based Smedvig Capital, and including a number of existing investors, with the financing to be used to fund expansion and product development.
Oslo-based Xeneta, a provider of benchmarking and market intelligence systems for containerised ocean freight, is calling for the introduction of ‘commodity’ status for shipping containers, to help the market adjust to rock-bottom rates.
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