With the freight rate calculator, retailers, exporters, distributors and wholesalers can get immediate freight rate estimates for ocean, air, and trucking shipments across the globe, Freightos says, with the optional ability to book some of those rates on the Freightos Marketplace.

Global shipping estimates can be embedded into websites, either by embedding the actual calculator or via API access. B2B websites, media websites and a variety of web applications can stand to benefit from real-time access to global freight pricing.

The tool uses routing and pricing algorithms to calculate fees and surcharges for trucking, air and ocean shipping, including anticipated ranges for shipping along different lanes by a variety of modes, Freightos says. An alternative version also exists which provides freight shipping estimates directly to Amazon FBA warehouses.

“The global economy needs dynamic, transparent data but global shipping has been a bottleneck,” said Freightos CEO and founder Zvi Schreiber. “We anticipate (the calculator) will provide a leg-up to small and medium-sized businesses that can benefit from access to instantaneous and comprehensive freight estimates at real time market rates.”

Source: Freightos