cargo.one Acquires Cargofive to Enhance Logistics Platform

cargo.one, a leading digital platform for air freight procurement, has acquired Cargofive, an ocean rate management and quoting platform trusted by hundreds of freight forwarders worldwide. The announcement was made on March 2, 2026, marking a significant step in cargo.one’s strategy to unify air and ocean logistics under one comprehensive platform.

The specific financial terms of the deal have not been disclosed; however, cargo.one has raised approximately $20 million from investors led by Bessemer Venture Partners to support this acquisition and further enhance its technological capabilities.

Founded in 2018, cargo.one has established itself as a pioneer in the air freight sector, launching the industry’s first e-booking platform. With over 28,000 users across 172 countries, including eight of the world’s top 20 freight forwarders, cargo.one has built a robust foundation in air freight procurement and quoting. The integration of Cargofive is expected to enhance this foundation by adding direct connections to leading ocean carriers and scalable ocean rate data.

Nacho Roche, CEO of Cotransa, commented on the acquisition, stating, “Having the best solutions for air and ocean joining forces as one platform is game-changing.” This sentiment reflects the growing demand among freight forwarders for integrated solutions that eliminate data silos and streamline operations.

The strategic rationale behind this acquisition lies in the desire to create a truly multimodal operating foundation. By combining air and ocean rate management, cargo.one aims to improve efficiency in procurement processes and enhance response times for quote requests. This integration is expected to provide significant operational synergies, including reduced costs through streamlined processes and shared technology infrastructure.

Market trends indicate a growing emphasis on digital solutions within the logistics sector, with many companies investing heavily in technology to enhance operational efficiency. However, fragmented systems and unreliable data have hindered progress for many freight forwarders. The acquisition of Cargofive positions cargo.one to capitalize on these trends by offering a unified platform that leverages AI technology to improve customer experiences.

Looking ahead, cargo.one plans to focus on integrating Cargofive’s technology with its existing systems while ensuring compatibility and alignment of corporate cultures. The company is aware of potential integration challenges, including retaining key talent from Cargofive during the transition.

As the logistics industry continues to evolve, cargo.one’s acquisition of Cargofive is poised to strengthen its market position and enhance its service offerings, ultimately benefiting freight forwarders seeking comprehensive solutions for their air and ocean operations.