300M+ real-time data points on ocean freight prices
Ensure ocean freight estimates are always in line with the market
Everything you need for true transparency into ocean freight quotes
Xeneta brings visibility to a notoriously opaque industry. With a database of over 300 million ocean freight rates, Xeneta provides actionable rate data so that you can stay one step ahead of the volatile ocean freight market.
Understand Your Market Position
The first step to improving your procurement strategy is understanding where you stand in relation to the market. By uploading your ocean freight rates and volumes into Xeneta, you can leverage Xeneta’s benchmarking capabilities to find out where you can improve your margins.
Measure Supplier Performance
Organize your uploaded data by individual suppliers and Xeneta will give you the insight to improve your supplier strategy.
Choose the Right Contract
Explore gain and loss scenarios based on your contract duration. As markets develop and react to economic circumstances, it is important to be aware of all your tendering options. When is it best to buy on the contract market vs the short-term market? Xeneta can help you make the call.
Set Budget Expectations
It’s important to set your budget as you go into tender. If you’ve been out of the market for some time, Xeneta can help you align expectations and forecast possible budget increases or decreases.
Fix RFQ Targets
The RFQ/tender process can be tedious and uncertain. Going into it blind — without a deep understanding of the market — can lead to suboptimal results in your contracts.
With Xeneta, you can upload multiple tender bids into the platform and compare them against both the market and your previous contracts. By understanding where the market currently sits, you can work towards bringing all your tenders to reasonable targets.