New York Shipping Exchange

The company's primary clients include beneficial cargo owners (BCOs), non-vessel operating common carriers (NVOCCs), and ocean carriers. NYSHEX's business model is centered on its digital platform that facilitates two-way commitment contracts, a mechanism that introduces mutual accountability through penalties for non-performance by either the shipper or the carrier. This structure fosters greater supply chain reliability, which has been reported to reach over 99% contract compliance. Revenue is generated through transaction and membership fees from both shippers and carriers who utilize the platform. The company also offers a subscription-based Software-as-a-Service (SaaS) product for larger enterprise accounts to manage allocations and contracts.

NYSHEX's core offering is a shared digital platform that provides a single source of truth for all parties involved in a shipping contract. It integrates data from shippers and carriers to offer proactive performance management, including real-time alerts when shipments deviate from the plan. This enables users to manage allocations, bookings, and container milestones through automated workflows. In a significant strategic move, NYSHEX partnered with Intercontinental Exchange (ICE) in late 2024 to launch a new set of container freight indices in 2025. This initiative aims to increase market transparency and provide tools for managing volatility through index-linked contracts. The company has secured substantial financial backing, raising a total of $69 million over six funding rounds, with its Series C in November 2024 led by Collate Capital and including investors like Goldman Sachs Alternatives and NewRoad Capital.