Frakt flutningsmiðlun

What Frakt flutningsmiðlun does

Frakt flutningsmiðlun ehf is an Icelandic freight forwarding company (ehf — Icelandic private limited company) providing import and export logistics services between Iceland and international destinations. Originally founded in 2014 as Frakt.is and rebranded to its current legal name, the company is headquartered in Reykjavík at Borgartúni 18 (the company website also lists Sóltúni 20 as office and Hringhella 4 in Hafnarfjörður as warehouse) and operates a warehouse at Héðinsgötu 1-3 in Reykjavík. The primary customer base is Icelandic importers and exporters requiring freight movement in and out of the country, with secondary specialized verticals in music touring logistics, fine art transport, and trade fair/exhibition logistics.

The core service portfolio spans air freight, sea freight, customs clearance, warehousing, nationwide distribution, and export services. Frakt operates a weekly sea freight consolidation network with sailings from Rotterdam, Taulov, Immingham, Hirtshals, and Hamburg. Through partnerships with NVO, the company runs port-adjacent consolidation stations in Immingham, UK (since April 2016) and Hamburg, Germany (since September 2016), reducing inland container transport costs. The company maintains direct EDI connections to Icelandic customs authorities, enabling same-day clearance, ATA Carnet supervision, and preparation of customs documents for EFTA/EU shipments. An in-house computer system tracks shipments and notifies customers of status and expected arrival.

Revenue is generated primarily through transaction fees on freight movements (weight/volume-based for air and sea freight) and professional services fees for customs clearance, warehousing, and domestic distribution. Pricing is quote-based, with online quote request forms for sea and air freight and dedicated department email addresses ([email protected], [email protected], [email protected]). Go-to-market is direct B2B sales targeting enterprise importers and exporters. The company employs approximately 10-11 staff and relies on Fraktlausnir ehf for domestic trucking/warehousing and Póstinn for nationwide delivery. Named engagements include logistics for music tours by Duran Duran, Foo Fighters, Rammstein, Metallica, and Justin Timberlake, plus humanitarian aid transport to Lesbos.

Name

Frakt flutningsmiðlun

Legal name

Frakt flutningsmiðlun ehf

Website

https://frakt.is

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Frakt flutningsmiðlun ehf is an Icelandic freight forwarding company providing air, sea, customs clearance, warehousing, and nationwide distribution services to Icelandic importers and exporters, with specialized solutions for music touring, fine art, and trade fair logistics.

Ownership category

akta.pro rank

Product category

Freight Forwarding and Logistics Services

NAICS

Freight Transportation Arrangement (488510), Warehousing and Storage (493)

SIC

Arrangement Of Transportation Of Freight & Cargo (4731)

akta.pro primary industry

Air–Ocean Multimodal Forwarding (TLACAEAA)

akta.pro secondary industries

Ocean Import Forwarding (Destination Handling/DO/ISF) (TLACABAE), Ocean Export Forwarding (Booking/VGM/SI/BL) (TLACABAF)

Keywords

• International freight forwarding
• Air freight services
• Sea freight consolidation
• Customs clearance brokerage
• Warehousing and distribution

Headquarters

HQ city

Reykjavík

HQ country

Iceland

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Air Freight Services: Air freight forwarding with services including door-to-door deliveries, airport to door, airport to warehouse, DAP/DDP handling, and 24/7 deliveries. Revenue generated through weight/volume-based freight charges.
2. Sea Freight Services: Sea freight consolidation network with weekly sailing schedules, door-to-door delivery, DAP/DDP handling, and full container load options. Revenue generated through container/shipping charges based on volume and weight.
3. Customs Clearance Services: Same-day customs clearance with experienced staff having direct EDI connections to customs authorities. Services include preparation of customs papers, ATA Carnet supervision, and temporary clearance procedures.
4. Warehousing Services: Fully equipped warehouse for handling air and ocean shipments within company's own warehouse to speed up handling procedures. Customers can collect shipments or use delivery service.
5. Distribution/Delivery Services: Delivery service all around Iceland in cooperation with selected hauliers (Fraktlausnir and Póstinn). Same-day service in capital area, next-day delivery to countryside.
6. Export Services: Full export services including sea shipments, air shipments, express deliveries, documentation, pickup and delivery. Also handles transit and cross-trade operations between countries without Iceland involvement.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels3 records

Core offering

Frakt flutningsmiðlun is an Icelandic freight forwarding intermediary that arranges the international movement of goods into and out of Iceland via air and sea, supported by same-day customs clearance, in-house warehousing, and nationwide last-mile distribution. The company sells transaction-priced forwarding services directly to Icelandic importers and exporters, with specialized handling for fine art, music touring, and trade fair cargo. Its core deliverables are door-to-door air and sea shipments, customs documentation and clearance, bonded warehousing, and domestic delivery in partnership with selected hauliers.

Product overview

Frakt flutningsmiðlun ehf is a freight forwarding company providing comprehensive logistics solutions for import and export between Iceland and international destinations. The portfolio consists of core freight services (Air Freight, Sea Freight) supported by value-added services (Customs Clearance, Warehousing, Distribution, Export Services), plus specialized solutions for complex cargo (Fine Art Freight, Entertainment Logistics, Fairs and Exhibitions). The company operates consolidation stations in Immingham (UK) and Hamburg (Germany) with weekly sailing schedules, and provides same-day customs clearance via EDI connections to Icelandic customs authorities.

Differentiator

Problem solved

Functional benefit

Products and services

• Air Freight Time-critical international cargo shipping via air transport into and out of Iceland. Includes door-to-door deliveries, airport-to-door, airport-to-warehouse, DAP/DDP handling, and 24/7 delivery options. Designed for Icelandic importers and exporters who need fast, coordinated air transport through partner airlines serving Iceland.
• Sea Freight International sea freight forwarding with a weekly consolidation network offering door-to-door delivery, DAP/DDP handling, and full container load options to and from Iceland via Rotterdam, Taulov, Immingham, Hamburg, and Hirtshals gateways. Suited for size-driven shipments from Icelandic importers and exporters.
• Customs Clearance Same-day customs clearance services using direct EDI connections to Icelandic customs authorities. Covers preparation of customs documents, ATA Carnet supervision, and temporary clearance procedures for importers and exporters moving goods through Iceland.
• Warehousing In-house bonded warehouse tailored to handling air and ocean shipments, speeding up cargo handling and enabling customer pickup or scheduled delivery. Supports Icelandic importers and exporters needing short-term storage and quick turnaround.
• Domestic Distribution Nationwide delivery service throughout Iceland operated in cooperation with selected hauliers. Offers same-day service in the Reykjavík capital area, next-day delivery to rural areas, and outbound transport to ports and airports.
• Export Services Complete export services covering sea shipments, air shipments, express deliveries, documentation, cargo pickup, and delivery to destination. Also handles transit and cross-trade shipments between countries without Iceland transit, for Icelandic exporters.
• Fine Art Freight Specialized freight forwarding for fragile, high-value artworks and unique pieces. Supports single shipments through multi-venue international or local art shows with customized projects, complex itineraries, and time-critical schedules.
• Entertainment Logistics Specialized logistics for international music touring and live entertainment clients coming to Iceland, including customs clearance, ATA carnets, temporary imports, chartering, and venue supervision. Backed by 15+ years of experience serving major international artists.
• Fairs and Exhibitions Logistics Handcrafted and time-critical logistics services for trade fair organizers and exhibitors worldwide, with tailored solutions for transporting precious objects and full attention to sensitive handling requirements.
• Customs Documentation Preparation and submission of customs paperwork including bills of lading, commercial invoices, arrival notices, and EUR certificates for EFTA or EU countries, with electronic reports and documents provided upon service completion.

Quantifiable outcome

• Same-day customs clearance service
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• NVO (Germany)coreStrategic or Co-development Partner · 1 September 2016Partnership with NVO in Germany for consolidation station in Hamburg. NVO's warehouse is located near the port, minimizing container transport costs. Frakt offers weekly sailings from Germany on Tuesdays. This partnership enables cost-effective freight services from Germany and Central Europe.
• NVO (United Kingdom)coreStrategic or Co-development Partner · 1 April 2016Partnership with NVO in the UK for consolidation station in Immingham. NVO's warehouse is located near the port for minimal container transport costs. Weekly sailings on Thursdays enable very cost-effective shipping from the UK. Frakt also maintains weekly sailings from major European ports including Rotterdam and Taulov in Denmark.
• Fraktlausnir ehfcoreImplementation/ SI/ Consulting PartnerFraktlausnir ehf provides transport and warehouse services for Frakt. As of August 2016, Frakt contracted Fraktlausnir for delivery and warehouse services. Fraktlausnir's warehouse is located at Héðinsgötu 1-3, 105 Reykjavík, with opening hours from 08:00 to 16:30.
• PóstinnminorChannel Partner/ Reseller/ DistributorPartnership with Póstinn for nationwide delivery services. Combined with Fraktlausnir, this partnership enables same-day delivery in the capital area and next-day delivery to the countryside.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Emerging players

• Hellmann Worldwide Logistics: Hellmann is a mid-sized global forwarder with strong European air, sea, and road freight capabilities and a notable presence in Scandinavia/Nordics. It is comparable to Frakt as a non-asset-based forwarder serving complex multi-leg trade lanes into Northern Europe.
• Flexport: Flexport is a digital-first freight forwarder offering ocean and air forwarding with technology-driven visibility. While not yet a major presence in Iceland, it represents the kind of platform-driven competition that could pressure traditional consolidators like Frakt over time.

Broad incumbents

• Maersk Logistics & Services: Maersk's logistics arm offers end-to-end ocean and inland forwarding alongside its carrier operations. While it competes broadly in Iceland-Europe lanes, it is comparable to Frakt in offering full door-to-door forwarding including customs and inland distribution.
• DSV Panalpina: DSV is one of the world's largest freight forwarders, formed through the merger of DSV and Panalpina. It serves Iceland's trade lanes through European gateway operations and competes with Frakt on air, sea, and road forwarding services.
• Kuehne+Nagel: Kuehne+Nagel is a top global freight forwarder with significant sea and air freight market share. It operates in Iceland through partner agents and competes with Frakt on volume-based sea freight and air freight forwarding.
• Expeditors International: Expeditors is a global asset-light freight forwarder with strong air and ocean freight forwarding capabilities. It competes with Frakt for Icelandic import/export customers seeking global network coverage.
• DB Schenker: DB Schenker is a major European-headquartered freight forwarder offering integrated land, air, and ocean transport. It serves Nordic and Icelandic flows through its European gateway network and competes with Frakt on consolidation lanes.
• DHL Global Forwarding: DHL Global Forwarding is one of the world's largest air and ocean freight forwarders with global network capacity. It serves Iceland's import/export market through partners and competes with Frakt on larger enterprise accounts and time-sensitive air freight.

Direct peers

• Eimskip: Eimskip is the largest Icelandic shipping and freight forwarding company, operating its own vessels and terminals between Iceland and Europe/North America. It is the most direct competitor to Frakt in the Iceland-Europe trade lane, with overlapping service offerings in sea freight, customs clearance, and warehousing.
• Samskip: Samskip is another major Icelandic-headquartered multimodal logistics provider with container, reefer, and forwarding services across the North Atlantic. It directly competes with Frakt in Iceland-Europe sea freight and end-to-end forwarding for importers/exporters.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Frakt flutningsmiðlun