How do you know your business is paying what it should beforair and ocean freight? It’s a question nearly every global company asks, but the answer is sometimes elusive. At least, that’s what appliance company Electrolux found. The company moves more than 185,000 TEUs per year on approximately 2,300 trade lanes, and this massive scale demands more than just an occasional view of shipping costs relative to the market.
Data from benchmarking studies was too static; Electrolux needed something that could give them both historical and real-time insights into market conditions. That’s when they turned to Xeneta.
We delivered immediate access to global data, historical and current market trends, as well as detailed information on individual lanes. With an all-new world of reliable, accurate, and up-to-date data, Electrolux was able to hone their cost projections, benchmark incremental changes as they happen, and react in real time to shifting market conditions.
This isn’t just us patting ourselves on the back. Hear what Bjorn Jensen, Vice President of Global Logistics at Electrolux has to say: