cargo.one has purchased Cargofive and introduced an AI-based freight operating system.

cargo.one has acquired the ocean rate platform Cargofive, introducing the first AI-native operating system for multimodal freight, unifying air and ocean freight rate data. This acquisition, supported by $20 million in investments, enhances cargo.one’s rate database by connecting with the top 10 ocean carriers and enabling automation for freight forwarders. The new system integrates multimodal data and workflows, allowing AI to work alongside human teams. With its launch, cargo.one aims to streamline logistics operations, providing reliable, structured data that enhances customer service and operational efficiency.