Xeneta and Catapult announce agreement
Xeneta, the world’s leading provider of up to the minute ocean freight rate intelligence, and Catapult, a pioneer in rate and contract management software, have announced a collaboration that will provide “game changing benefits” for users of their platforms, the company said in its release. The new agreement allows Catapult customers - freight forwarders and NVOCCs (non-vessel-operating common carrier community members) – to access Xeneta data in their existing software workflow, comparing the very latest market information to their own rates to win business and maximize profit margins.
Xeneta crowd sources information from some of the world’s leading shippers to provide unique insights into the very latest ocean freight rates. In all, over 160,000 port-to-port pairings are covered by the data, with 110 million data points. The collaboration allows the Oslo-based business to greatly extend its footprint within the market, while Catapult can offer its users a new depth of real-time market insight to enable better, more profitable decision-making.
To access the new, integrated QMS user interface, customers must be subscribers to both Catapult, which is owned by Accelya Group, and Xeneta. Existing Xeneta subscribers that now choose to access Catapult will enjoy a lower, combined subscription rate.
Xeneta’s unique reporting and analytics platform is used by customers across the world to provide intelligence, transparency and a degree of predictability to the constantly fluctuating world of ocean freight rates. The companies feeding data into the platform include globally leading shippers such as Electrolux, Continental, Unilever, Lenovo, Nestle, L’Oreal, and Thyssenkrupp, amongst others.
Xeneta is the leading ocean freight rate benchmarking and market intelligence platform transforming the shipping and logistics industry. Xeneta’s powerful reporting and analytics platform provides liner-shipping stakeholders the data they need to understand current and historical market behaviour – reporting live on market average and low/high movements for both short and long-term contracts. Xeneta’s data is comprised of over 110 million contracted container rates and covers over 160,000 global trade routes. Xeneta is a privately held company with headquarters in Oslo, Norway and regional offices in New York and Hamburg.
Catapult - An Accelya Group Company, provides technology-enabled solutions for freight forwarders, shippers, and carriers worldwide. Managing over 1 billion cargo rates at over a 99% accuracy rate, Catapult combines air, ocean and ground rate contracts into one simple cloud-based system, enabling operations and sales departments to get their best carrier rate from point A to point B and realize dramatic efficiency improvements. The recently launched QMS 5.0 software focuses on a flexible, fast and accurate quoting experience in the most feature-rich rate management platform in the market.