Startup Cargobase adds contract rates to its spot rate platform

Cargobase has added data on pre-negotiated contract rates to its platform having previously only provided customers with price visibility on spot rates.

Prompted by demand from clients operating in the semiconductor industry, the new feature is designed for irregular shipments that happen often enough for providers to put a rate in place for a certain period, such as ‘next flight out’.

Wiebe Helder, CEO of Cargobase, said, “In an ad hoc environment, where it is characteristically urgent and hectic, most shippers readily accept exorbitant ‘a la carte’ spot-buy rates, not realizing they might have locked-in rates with a dedicated provider per lane, for instance. The Lane-Contracts feature takes into account shippers’ preferences and pre-assigned provider.” 

Source: Cargobase