Indian Air Cargo aggregator platform Air Freight Bazaar Launches its services globally

To provide Real-time information and address challenges related to Air Cargo Industry Globally
Chennai: Air Freight Bazaar, India's first global Air Cargo aggregator platform providing real time information announced the launch of its services today in India. The platform is world’s first air freight aggregator that provides freight forwarding rates and information related to the overall air cargo industry in real-time. Air Freight Bazaar’s unique, single, global platform aims at addressing all the needs and requirements of the air cargo Industry bringing transparency, simplicity and efficiency into the process.

All information related to the Air Cargo Industry such as Benchmark Prices, Incentives and Spot Rates, Export, Import, Cross-Trade and Domestic Tariff, Software such as Airway Bill, House AWB, Barcode Label, Flight Schedules and Flight Status and Tracking with day-to-day update amongst others will be provided by the company on its platform.

Speaking at the launch, Mr. Nivesh Jain, Co-founder, Air Freight Bazaar, commented, “Our competitive edge lies in the value added services that we provide, such as user-friendly and user-defined quotation formats, printable formats of customized AWB printing, Barcode Generator, , information regarding airport tariff, demurrage charges, facilities with charges, flight schedules, flight status and AMS information. We will provide these services in addition to the regular ones such as information on export rates, import rates, cross trade rates, India domestic rates, airport codes and cargo tracking services.”

India currently spends around 14% of its GDP on Logistics, when compared to other developed countries, which is close to 8%-9%. Adding to it, Mr. Vinay Sethia, Co-founder of Air Freight Bazaar, said, “Our ultimate goal is to organize and digitize the logistics industry, thereby making it more efficient and increasing its contribution to India’s GDP. We also look forward to cut logistics cost and facilitate real-time information dissemination which in turn will encourage small-scale importers and exporters to sprout up in the country.”

The company will work on a Membership Model with a basic annual remuneration of $100 charged per user-per city for its services. The company will also be providing a plethora of benefits and services to all its stakeholders such as airlines, Freight Forwarders, Platinum members, Importers and Exporters, Custom brokers, Air Charters, Airports, Warehousing agents and Transporters.

With receiving 300 registrations per month at an average, the company currently has over1200 users on board and is operational in 8 countries – India, China, Korea, Sri Lanka, Dubai, Saudi Arabia, Kuwait, Oman, Iran, Sharjah, Abu Dhabi, Doha, Qatar. Currently, Air Freight Bazaar’s clientele includes some of the leading brands in industry like: HDFC Ergo, ICICI Lombard for Air Cargo insurance. The organization aims to bring the entire logistics ecosystem on its platform and plans to cover the entire of Middle East and Far East by 2017, Africa & Europe by 2018, and the rest by 2019.