cargo.one has acquired ocean rate platform Cargofive and unveiled what it describes as the logistics industry’s first AI-native operating system for multimodal freight, combining air and ocean rate data into a single platform. The transaction, completed on February 25, significantly expands cargo.one’s data infrastructure by integrating Cargofive’s ocean rate capabilities, including connections to the world’s top 10 ocean carriers and coverage across four million trade lanes. The move is backed by approximately $20 million in investment from investors including Bessemer Venture Partners.

Strengthening multimodal data infrastructure

Cargofive, trusted by hundreds of freight forwarders globally, adds scalable ocean rate ingestion and management tools to cargo.one’s existing air freight platform. The combined entity positions itself as a unified rate database enabling forwarders to automate both air and ocean workflows from a single system.

cargo.one said its AI-native operating system is designed to address a key challenge in logistics technology: the fragmentation between AI tools and structured operational data. By embedding agentic workflows directly within a unified data environment, the platform allows automation to operate natively alongside logistics teams rather than as a bolt-on solution. The system incorporates multimodal rate data, retrieval-augmented generation (RAG)-based knowledge retrieval and supervision layers designed to monitor AI outputs.