The addition of live rates and the option to book shipments onto IATA's Net Rates platform will accelerate 'the distribution of rates to market while simplifying and reducing the cost of rate handling procedures'.
The solution supports loose cargo and ULD pricing, general, express and perishable shipments, as well as allocations and block space agreements.
Frederic Leger, interim senior vice president for commercial products and services, IATA, and president, CNS, said: 'The pandemic has accelerated the appetite for digitalisation across the air cargo industry. IATA Net Rates new 'quote and book' function simplifies and accelerates the rate distribution and booking process between airlines and freight forwarders, saving valuable time by eliminating manual, labor-intensive processes.'
John Cheetham, chief commercial officer at IAG Cargo, added: 'We're seeing customers globally increasingly wanting more choice and flexibility to book their freight across our network. This expansion comes at an apt time for IAG Cargo as capacity on the network increases.'
The 'quote and book' function is initially available to freight forwarders booking IAG Cargo capacity from Canada, Ireland, Kenya, Mauritius, South Africa, Tanzania, Uganda, US and Vietnam, and will expand to additional markets over the coming weeks.