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BARCELONA - SEKO Logistics has expanded its partnership with digital freight booking platform Freightos (NASDAQ:CRGO), a technology company with a market capitalization of $113.6 million and impressive gross profit margins of 66%, to unify air and ground rate management and booking operations across its international network, according to a press release issued Monday. According to InvestingPro data, Freightos has demonstrated strong revenue growth of 22% in the last twelve months.
The expanded integration will deploy Freightos’ 7LFreight and WebCargo forwarder solutions throughout SEKO’s worldwide operations, which span more than 60 countries. The system will be delivered directly within SEKO’s transportation management system. Freightos maintains a healthy financial position with a current ratio of 2.35, indicating strong operational liquidity.
The partnership allows SEKO users to access live airfreight pricing from over 70 airlines, as well as air, LTL, and cartage rates from SEKO’s contracted carriers and a network of over 150 LTL and 3,000 cartage providers.
"As our operations grow more complex and customer expectations accelerate, having centralized, real-time visibility across both air and ground has never been more critical," said Justin Horwitz, Director of Domestic Product Strategy at SEKO.
The integration represents an evolution from SEKO’s previous regional implementation of 7LFreight in the U.S. to a standardized quoting and booking workflow across both air and ground transportation modes globally.
Laurent Deneubourg, Vice President of Global Airfreight at SEKO, noted that the company has "consistently seen the operational benefits of automation across our domestic U.S. air and trucking services."
According to the press release, the implementation has increased internal quoting speeds while reducing operational redundancies and data inconsistencies.
SEKO Logistics operates in more than 60 countries with over 150 offices worldwide, providing end-to-end logistics services. While Freightos shows promising operational metrics, investors seeking deeper insights can access comprehensive analysis and additional ProTips through InvestingPro, which offers detailed research reports and real-time financial data for over 1,400 US-listed companies.
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