Cargo booking platform cargo.one has acquired ocean rate platform Cargofive and launched what it describes as the industry’s first AI-native operating system for multimodal freight – significantly strengthening its core air cargo proposition.
The move brings ocean rate data – spanning four million trade lanes and connections to the top 10 ocean carriers – into cargo.one’s existing air freight infrastructure.
The company said this creates the industry’s most comprehensive rate database, enabling forwarders to manage air and ocean bookings from a single platform rather than fragmented systems.
Backed by around $20 million in investment from firms including Bessemer Venture Partners, cargo.one is positioning itself as a central data infrastructure partner for AI deployment across global logistics.
Moritz Claussen, founder and co-chief executive of cargo.one, said: “Most AI projects in logistics fail to deliver ROI because they lack access to robust, structured data. Real returns come from unified data infrastructure operating at enterprise scale.”
The acquisition of Cargofive, completed on February 25, expands cargo.one’s air-first data model into ocean freight, allowing agentic workflows for rate management, quoting and booking to operate natively on a single system.
Industry backing has followed. Stefan Borggreve, member of the management board at Hellmann Worldwide Logistics, said: “Data and AI are inseparable – quality data is the foundation for quality AI. cargo.one has built a comprehensive operating system that our teams trust.
“When AI workflows operate using the same reliable data our people use daily, we can confidently deploy automation and focus on delivering the best customer experiences.”
Bob Goodman, partner at Bessemer Venture Partners, said: “When evaluating AI partners, logistics leaders should look beyond individual features to the underlying foundation. Features become commoditised quickly; what matters is having a partner with comprehensive data infrastructure and industry-specific expertise that can evolve with your needs. cargo.one has built exactly that foundation for multimodal logistics.”
The AI-native operating system is available immediately, with early customers already onboarded to ocean rate management, while cargo.one’s wider air freight customer base is expected to benefit in the coming weeks.
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