Summary is AI-generated, newsdesk-reviewed
  • Xeneta unveils AI Agents enhancing freight procurement through data insights and automation.
  • Integrated Rate Management centralises freight contracts, streamlining processes and improving market benchmarking.
  • Indexing Solution enables dynamic index-linked contracts adapting to market volatility.

Xeneta, a global major in ocean and air freight rate intelligence, has introduced a new series of in-platform products that aim to revolutionise freight procurement through enhanced data, insights, and artificial intelligence (AI).

These updates, unveiled at the annual Xeneta Summit in Barcelona, target the elimination of manual tasks in freight procurement, enabling teams to make swifter and more informed decisions.

Innovative Tools Utilising Generative AI

Fabio Brocca, Xeneta’s Chief Product Officer, explained at the Summit: "For decades, global procurement has been defined by fragmented data, fragile contracts, and manual processes, but we can change that. With Xeneta, we have one integrated platform where data, insights and AI come together to drive confident, strategic decision-making."

Brocca highlighted the shift for procurement professionals from crisis management to a more proactive approach, supported by fresh service level data and generative AI insights within Xeneta’s new tools for rate management.

Introduction of Xeneta Generative AI Agents

Xeneta AI Agents are specialised, autonomous AI-driven assistants designed to support procurement teams by continually analysing freight data to uncover opportunities and provide actionable recommendations. Three trial agents are now accessible:

  • Spend Optimisation Agent – Identifies savings across high expenditure corridors.
  • Supplier Optimisation Agent – Evaluates suppliers on cost, reliability, and capacity.
  • Capacity Planning Agent – Dynamically allocates volume based on real-time capacity.

Brocca noted, “Our AI Agents act as a team of analysts working 24/7. They gather data, summarise insights and even draft the next steps, so procurement professionals can focus on making decisions, not analysing spreadsheets.”

Launch of Integrated Rate Management

Procurement teams have historically dealt with fragmented rate sheets, scattered Excel files, and outdated templates. Xeneta’s Integrated Rate Management (IRM) offers a solution by consolidating freight contracts into a unified platform. With IRM, users can upload and manage contracts with automatic mapping to Xeneta’s data model, including built-in audit trails and real-time benchmarking against market data.

Brocca emphasised, “IRM turns rate management from a manual task into an intelligent process. For the first time, all your rate data, benchmarks and AI-driven recommendations live in one integrated system - a single source of truth for your freight rates.”

Indexing Solution for Dynamic Contracting

With ongoing market volatility challenging long-term freight contracts, Xeneta’s new Indexing Solution facilitates a shift from traditional Request for Quotations (RFQs) to adaptive, Index-Linked Contracts (ILCs) that adjust with market changes. Building on the earlier release of the Index Simulator, Xeneta now offers the Index Live Contract Manager, which automates calculations, tracks performance, and maintains audit logs for index-linked agreements within the Xeneta platform.

Brocca remarked, “Indexing brings fairness and trust back into freight procurement. You can simulate, negotiate and now execute index-linked contracts in-platform, cutting tender cycles from months to days and ensuring both sides pay or earn fair market rates.”

A Comprehensive Vision for Freight Procurement

These developments are part of Xeneta’s strategic plan to create a cohesive decision-making engine for freight procurement. This strategy combines Xeneta’s market data with service performance metrics from eeSea, an acquisition slated for 2025, along with intelligent AI automation.

Brocca conveyed, “Procurement must evolve from firefighting to foresight. The future of freight intelligence isn’t coming someday, it’s here. It starts with all of us, building together an industry that’s faster, smarter and based on data.”

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