International Air Transport Association adds ‘Quote and Book’ function to its net rates
The International Air Transport Association (IATA) has added a ‘quote and book’ function to IATA Net Rates. This enables airlines to offer freight forwarders dynamic pricing for booking their shipments. IAG Cargo, the cargo division of International Airlines Group (IAG), is the first carrier to integrate this new functionality.
“The pandemic has accelerated the appetite for digitalization 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. We are pleased to expand our Net Rates partnership with IAG Cargo to support their efficient cargo rates distribution and booking capabilities, across the different airlines of the group,” said Frederic Leger, Interim Senior Vice President for Commercial Products and Services, IATA, & President, CNS.
The Net Rates platform can be accessed through Net Rates online or integrated with customer systems, accelerating the distribution of rates to market while simplifying and reducing the cost of rate handling procedures
“We’re delighted that IATA Net Rates has added a quote and book function. It’s great news for freight forwarders. 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,” said John Cheetham, Chief Commercial Officer at IAG Cargo.
The ‘quote and book’ function is initially available to freight forwarders booking IAG Cargo capacity from Canada, Ireland, Kenya, Mauritius, South Africa, Tanzania, Uganda, United States, and Vietnam, and will expand to additional markets over the coming weeks. The solution supports loose cargo and ULD pricing, general, express, and perishable shipments, as well as allocations and block space agreements.
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