May 15, 2024 : CargoAi, a leading provider of digital freight forwarding solutions, has announced a significant upgrade to its CargoMART online booking platform. This update introduces a new feature called “CargoQUALITY,” which provides freight forwarders with crucial data on airlines’ delivery performance on their chosen routes.
Previously, CargoMART primarily focused on price, speed, and carbon emissions as factors for booking decisions. CargoQUALITY adds a vital new dimension: the airlines’ on-time delivery track record. This transparency empowers freight forwarders to make more informed choices when selecting air cargo services.
Transparency Through Industry Standards
CargoAi leverages industry-established methods for measuring delivery performance. All airlines featured on CargoMART are assessed based on their Notify for Delivery (NFD) performance. To ensure a fair comparison, CargoAi applies a standardized cut-off point of six hours after flight arrival. CargoQUALITY reflects the percentage of shipments for a specific airline-route combination ready for delivery within this timeframe.
Informed Booking Decisions
By integrating CargoQUALITY, CargoAi empowers freight forwarders to consider not only cost and speed but also the reliability of an airline’s delivery network. This can be particularly impactful for businesses that prioritize time-sensitive shipments or those facing penalties for late deliveries.
Collaboration and Data Insights
CargoAi’s ability to offer CargoQUALITY stems from its extensive network of airline partners. The company collaborates with over 100 airlines, providing access to shipment tracking data from millions of air waybills processed through CargoAi’s solutions over the past year. This vast dataset allows CargoAi to calculate a Quality Score for each airline-route combination, reflecting the percentage of on-time deliveries according to the established NFD benchmark.
A More Holistic Approach
The introduction of CargoQUALITY underscores CargoAi’s commitment to providing a comprehensive suite of tools for freight forwarders. By offering data-driven insights on factors beyond price, CargoAi facilitates more strategic and informed booking decisions within the air cargo industry.
The integration of delivery performance data into CargoMART represents a significant advancement in the digitalization of air cargo booking processes. By prioritizing transparency and data-driven decision-making, CargoAi is helping to streamline operations and enhance efficiency within the global supply chain.
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