Xeneta

Xeneta is a freight-market intelligence company whose software benchmarks ocean and air cargo rates and service performance. Its platform is intended for organizations that buy or sell freight capacity, including shippers, freight forwarders, ocean carriers, airlines, and the procurement, logistics, supply-chain, and finance teams within those organizations.^[1][5].

The company says that it aggregates contracted and spot rates supplied by shippers and forwarders and converts them into lane-level market benchmarks. Xeneta's website reports coverage of more than 800 million ocean and air freight rates, over 170,000 port pairs, and over 60,000 airport pairs; these figures are company claims rather than independently audited measures.^[1]

What It Does

Xeneta provides a reference point for assessing whether a freight rate or carrier proposal is high, low, or near the observed market for a particular lane. The company presents the platform as a tool for rate benchmarking, tender analysis, supplier-performance evaluation, freight budgeting, market monitoring, index-linked contracts, and rate management.^[1] Its ocean product also combines price analysis with information about capacity, reliability, emissions, transit times, port calls, and blank sailings.^[3]

Data and Methodology

The underlying rate dataset is contribution-based. Xeneta states that participating shippers and freight forwarders supply actual contracted and spot-rate information, which is anonymized and aggregated before appearing in benchmarks.^[2] The company further states that ocean carriers cannot contribute rates. This design is intended to reduce the ability of a carrier to influence a benchmark used in negotiations, although the consulted sources do not provide an independent statistical audit of representativeness or coverage.^[2]

For ocean freight, Xeneta says it publishes market-average, market-high, and market-low measures at lane level and requires a minimum number of qualifying observations before producing a daily route benchmark. Its schedule analysis combines carrier schedule data with Automatic Identification System vessel tracking to compare announced and observed service performance.^[3]

Products

The principal product areas are ocean-freight and air-freight intelligence, accompanied by an analyst-led advisory service. The ocean offering includes tools for uploading and comparing tender bids, centralizing an organization's rates, comparing carriers, forecasting rate movements, and monitoring index-linked agreements.^[1][3] Access is sold as a subscription and the public site directs prospective users to request a demonstration; public list prices were not identified in the consulted material.^[3]

Buyers and Use Cases

A shipper can compare its contracted rates with aggregated market observations before a tender or negotiation, while a forwarder can use the same type of benchmark in pricing and account management. Other stated uses include identifying rate outliers, assessing the trade-off between price and schedule reliability, preparing cost scenarios, and monitoring contracts after award.^[1][3] The outputs are decision-support data rather than freight booking, physical shipment tracking, or transport services in their own right.

History and Corporate Record

Xeneta says that it began in Oslo in 2012 and identifies Patrik Berglund, Thomas Sorbo, and Vilhelm K. Vardoy as founders. The company describes Oslo as its headquarters and lists additional offices in London, Hamburg, Jersey City, and Copenhagen.^[2] These statements distinguish the operating history of the business from the current Norwegian legal entity: Norway's Register of Business Enterprises records XENETA AS, organization number 915 736 076, as a private limited company incorporated on 3 July 2015 and registered on 18 August 2015.^[4]

The Norwegian register classifies the entity's industry as other software publishing and describes its activity as developing data-driven analysis and benchmarking services for shipping and logistics. The registry entry also gives an Oslo business address and confirms registration in the Norwegian business and value-added-tax registers.^[4]