International Finance

Trading platforms in Brazil team up to create a logistics platform


Brazil’s primary commodities trading platforms like Amaggi, Louis Dreyfus Company (LDC), Cargill, and Archer Daniels Midland (ADM) have teamed up with payments company TIP Bank to create a joint logistics road and freight platform, according to media reports. The groups mentioned that they primarily aim to increase the efficiency of agribusiness logistics which brought in revenue of $9.52 billion in 2020. The groups also plan on setting up a single joint platform to allow them to negotiate and pay for road haulage.

Last year, B2Brazil and Shipa Freight announced that they would be launching Brazil’s first fully integrated online freight service, which will allow users to get rate quotes and book, pay and track ocean and air shipments all over the globe. B2Brazil is a private-label version of Shipa Freight’s leading global logistics platform, which will promote its online clients to the Brazilian market. The company is also a leading business-to-business (B2B) cross-border e-commerce marketplace that has over 170,000 registered companies. The platform connects buyers and sellers, facilitates trade and transactions, and integrates value-added services for trade.

John Gardiner, Partner and Director of International at B2Brazil, told the media, “As B2Brazil has reached a critical mass of clients, we are adding value-added services to empower our growing base of SMEs to engage in trade. “We partnered with Shipa Freight because of our shared vision to expand trade opportunities for SMEs. Shipa Freight operates a leading platform. It augmented its trade lanes for Brazil and is part of a major global logistics group, Agility.”

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