Digital Freight Forwarding Market Gains Momentum as cargo.one Raises US$20 Million and Acquires Cargofive
· Source: openpr.com
In short
The digital freight forwarding market is accelerating platform consolidation with cargo.one's acquisition of Cargofive and a $20 million funding round to boost AI investments. This integration aims to unify air and ocean freight technologies for seamless multimodal logistics, enhancing rate transparency, booking efficiency, and shipment management. The market, valued at $13.35 billion in 2025, is forecasted to grow to $78.41 billion by 2033, driven by e-commerce growth, cloud adoption, and demand for real-time shipment visibility.
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Tags: freight, logistics, automation, AI, cloud, e-commerce