Gross Fuchs, CargoAi sign deal

Gross Fuchs, a leading freight forwarder network with members worldwide, announced that it will be providing members with access to CargoWallet, the latest product from CargoAi.

"CargoWallet is a modern payment solution for air cargo with supply chain financing capabilities, allowing freight forwarders to make payments for their air cargo shipments directly within the CargoMart booking flow," says an official release from CargoAi.

CargoMart is a digital marketplace that simplifies air freight processes for freight forwarders. "Using CargoMart, freight forwarders are empowered to drive every stage of the air freight procurement process with greater efficiency and visibility - from planning, booking, monitoring shipments right through to monitoring their carbon emissions with Cargo2Zero, CargoAi’s sustainability solution."

With data from Cargo2Zero, Gross Fuchs forwarders can report on their Scope 3 emissions and be fully aligned for environmental, social and governance (ESG) reporting requirements, the release said. "During each booking, they can take steps to optimise emissions for each shipment using Cargo2Zero’s CO2 efficiency score by selecting the route with least carbon emissions for their shipment. Gross Fuchs forwarders can also purchase sustainable aviation fuel (SAF) with Neste, the leading producer of SAF, as an add-on to each booking to scale climate action rapidly from an individual level."

Viktor André Fuchs, COO, Gross Fuchs says: "We are thrilled to offer the full scope CargoAi’s digital ecosystem to all our members. We believe that Cargo2Zero and CargoWallet will enhance the overall freight procurement process for all our members. Sustainability is a key focus for us and our members, and with the added advantages of flexible finance options and global reach, CargoMart is the perfect digital marketplace to our network of freight forwarders."

Matthieu Petot, CEO, CargoAi adds: "We are delighted to see our solutions adopted by Gross Fuchs. By simplifying the procurement process, CargoMart empowers freight forwarders to focus on what they do best - moving goods around the world."

The Gross Fuchs Group was established in Germany in 2005 by Helmut Gross and Viktor Fuchs, and counts 1,000+ members in almost 130 countries.