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CWT Travel Essentials

Visa requirements and other travel restrictions.

Use this tool to understand visa, passport, COVID-19 testing, and other regulations in your destination country. Make informed and timely decisions based on factors including trip origin, destination, travel dates, traveler nationality and current restrictions delivered in a simple format. Please view important disclaimer information below.

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Your Military & Government travel solutions partners

CWTSatoTravel

NEW: Chat with Us

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Please choose your government branch or enter your agency, organization, unit number or duty station name in the form field below. We will direct your inquiry to the correct travel office page for further action.

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Our mission.

We serve the world’s most important customer, and we do it better than anyone else. We make your mission our own, and deliver a travel program that engages your employees, empowers them to be more productive, and helps them navigate the unique complexities of government travel.

Whether you’re traveling for work, reporting for duty, heading home from a long trip or tour, or you and your family are taking a well-earned vacation, we’re here to make your journey as smooth as possible.

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Chat with a representative to cancel a trip and/or request a copy of your invoice. You can also arrange car rentals, request an early ticket, check a ticket status, request or see the status of a refund, and resolve CTO issues. You can also notify an agent of credit card issues such as new cards, expirations, or limit changes.

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Here is a glimpse of what CWTSatoTravel has to offer:

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Track and maintain your agency's travel expenses, get or approve travel authorizations, and manage your department’s travel, all in one place. 

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Keep all your travel information in one place, on your smartphone, with our travel app. Available to all CWTSatoTravel clients. 

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What Is CWT in Shipping? A Comprehensive Guide

cwt travel meaning

Table of Contents:

  • The History and Evolution of CWT in Shipping
  • Understanding the Role of CWT in International Trade
  • Benefits of Using CWT for Shipping
  • How CWT Is Calculated and Measured in Shipping
  • Common Misconceptions About CWT in Shipping
  • Key Factors Affecting CWT Rates in the Shipping Industry
  • Differences between CWT and Other Freight Measurement Units in Shipping
  • The Impact of CWT on Shipping Costs and Pricing Strategies
  • Best Practices for Implementing CWT in Your Shipping Operations

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If you’re involved in the shipping industry, you may have heard the term ‘CWT’ being used frequently. CWT stands for ‘centum weight,’ and it is a common unit of measurement for freight in the shipping industry. In this comprehensive guide, we will take a deep dive into understanding CWT in shipping, including its history, role in international trade, calculation methods, misconceptions, key factors affecting rates, differences with other freight measurement units, impacts on shipping costs, and best practices for implementation.

CWT is a unit of weight that originated in the Roman empire, where it was called ‘centum pondus,’ meaning ‘a hundred pounds.’ It was used as a standard measure of weight in trade for centuries until it was replaced by the metric system. However, in the shipping industry, CWT stuck around and is still widely used today.

The evolution of CWT in shipping can be traced back to the 19th century, when steamships needed standardized units of measurements to facilitate the exchange of cargo between ports. By the early 20th century, CWT had become the most commonly used unit of weight in the shipping industry.

Despite the widespread use of CWT in shipping, there have been efforts to transition to the metric system. In fact, many countries have already made the switch, including Australia, Canada, and New Zealand. However, the United States, which is a major player in the shipping industry, still primarily uses CWT.

One of the reasons CWT has persisted in the shipping industry is because it is a familiar unit of measurement for many people involved in the industry. Additionally, some argue that CWT is more practical for certain types of cargo, such as bulk materials, where the weight can vary significantly and it may be easier to calculate in hundredweight units rather than metric units.

In international trade, CWT is primarily used to measure the weight of bulk commodities, such as grain, coal, and oil. It is also used for other goods that are too bulky to be measured in other units, such as metals and timber. By using CWT, shippers and buyers can quickly and easily calculate the weight of the cargo and its cost.

CWT is particularly popular because it is simple to use and understand. It is also widely recognized and accepted, making it a useful unit of measurement for cross-border trade.

However, it is important to note that CWT may not be the most accurate measurement for all types of cargo. For example, for goods that are sensitive to weight distribution, such as electronics or fragile items, other units of measurement may be more appropriate. Additionally, some countries may have their own preferred units of measurement, which should be taken into consideration when conducting international trade.

There are several key benefits of using CWT for shipping:

  • Standardization: CWT is a standardized unit of measurement that is recognized and accepted worldwide, making it easy to communicate and calculate the weight of cargo.
  • Simple to use: CWT is an easy-to-use unit of measurement, which makes it a convenient option for shippers and buyers.
  • Cost-effective: Using CWT can be cost-effective compared to other measurement units, especially for bulk commodities.

Another benefit of using CWT for shipping is that it allows for more accurate weight calculations. This is because CWT is based on a weight of 100 pounds, which makes it easier to calculate the weight of cargo that is not a multiple of 100. Additionally, using CWT can help to avoid disputes between shippers and buyers over the weight of cargo, as it provides a standardized and universally recognized unit of measurement.

CWT is calculated by dividing the total weight of a shipment by 100. For example, if the total weight of a shipment is 10,000 pounds, its CWT would be 100.

When a shipment is measured in CWT, it simply means that the cost or rate is based on the weight of the cargo per unit of 100 pounds. For example, a CWT rate of $50 means that the cost per 100 pounds of cargo is $50.

It is important to note that CWT is not the same as the actual weight of the shipment. Rather, it is a unit of measurement used in the shipping industry to determine pricing and rates. Additionally, some carriers may use different units of measurement, such as metric tons or cubic feet, so it is important to clarify the unit of measurement being used when discussing shipping rates and costs.

Despite its popularity, there are several common misconceptions about CWT in shipping:

  • CWT is not a unit of measurement for distance: CWT only measures the weight of cargo and not its distance or volume.
  • CWT rates are not always fixed: CWT rates can vary depending on several factors, such as the type of cargo, the distance traveled, and market demand.
  • CWT is not the same as metric tons: While both units of measurement are used to measure weight, CWT is not equivalent to metric tons, and they cannot be used interchangeably.

Another common misconception about CWT in shipping is that it is only used for large cargo shipments. However, CWT can also be used for smaller shipments, such as parcels or packages.

Additionally, some people believe that CWT rates are always more expensive than other forms of shipping rates. However, this is not always the case, as CWT rates can sometimes be more cost-effective for certain types of cargo or shipping routes.

Several key factors can affect CWT rates in the shipping industry, including:

  • Type of cargo: Different types of cargo have varying CWT rates, with bulk commodities generally having lower rates than other cargo types.
  • Distance traveled: The farther the cargo needs to travel, the higher the CWT rate is likely to be.
  • Mode of transportation: Different modes of transportation, such as air, sea, or land, can impact CWT rates.
  • Market demand: CWT rates can fluctuate depending on market demand and supply.

Another important factor that can affect CWT rates is the size and weight of the cargo. Larger and heavier cargo may require specialized equipment or handling, which can increase the CWT rate. Additionally, the value of the cargo can also impact the CWT rate, with higher value cargo often having higher rates due to the increased risk and insurance costs associated with transporting valuable goods.

While CWT is commonly used in the shipping industry, there are other units of measurement that can also be used, including:

  • Ton: A ton is a unit of weight that equals 2,000 pounds, which is commonly used to measure goods that are not bulk commodities.
  • CBM: CBM stands for ‘cubic meter’ and is used to measure the volume of cargo.

The choice of unit of measurement depends on various factors, including the type and quantity of cargo, mode of transportation, and destination.

Another unit of measurement that is commonly used in the shipping industry is the TEU , which stands for ‘twenty-foot equivalent unit’. This unit is used to measure the capacity of container ships and terminals, and is based on the volume of a standard 20-foot shipping container.

It is important to note that the choice of unit of measurement can also affect the cost of shipping. For example, some carriers may charge by weight, while others may charge by volume. Therefore, it is important to consider the most cost-effective option for your specific shipment.

The use of CWT can impact shipping costs and pricing strategies for buyers and shippers. For example, for commodities that are sold by weight, such as grain or coal, CWT rates can greatly impact the final price.

Moreover, the shipping industry uses different pricing strategies, including CWT rates, flat rates, and weight-based rates, to offer competitive pricing to customers while ensuring a profitable margin for the carrier.

Another way that CWT can impact shipping costs is through the use of volume discounts. Shippers who regularly transport large quantities of goods may be able to negotiate lower CWT rates with carriers, resulting in significant cost savings over time.

Additionally, the use of CWT can also impact the speed of delivery. Carriers may prioritize shipments with higher CWT rates, resulting in faster delivery times for those customers willing to pay a premium for expedited service.

Implementing CWT in your shipping operations can be a beneficial practice, but it is essential to do it right. Here are some best practices to follow:

  • Understand your cargo: Make sure you understand the weight and type of cargo you are shipping to determine the most appropriate unit of measurement.
  • Focus on accuracy: Ensure that you calculate CWT accurately to avoid any discrepancies in costing or rate calculations.
  • Stay up-to-date with CWT rates: Keep track of changing CWT rates in the market to ensure that you are offering competitive shipping rates to your customers.

Another important best practice for implementing CWT in your shipping operations is to communicate clearly with your customers. Make sure they understand what CWT is and how it affects their shipping costs. Provide them with clear and detailed invoices that show how CWT was calculated. This will help build trust with your customers and avoid any confusion or disputes over shipping costs.

As we have seen, CWT is a crucial unit of measurement in the shipping industry, and its continued use is a testament to its ease of use, standardization, and cost-effectiveness. Understanding CWT and its impact on shipping can help buyers and shippers make better-informed decisions, set competitive pricing, and streamline their shipping operations.

By following best practices and staying informed of factors affecting CWT rates, shippers can ensure that their cargo is shipped cost-effectively and at competitive rates, keeping customers satisfied and maintaining profitability.

It is important to note that while CWT is widely used in the shipping industry, it may not be the most appropriate unit of measurement for all types of cargo. For example, for goods that are bulky but lightweight, such as cotton or foam, using CWT may result in higher shipping costs than necessary. In such cases, it may be more cost-effective to use a different unit of measurement, such as cubic meters or kilograms.

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myCWT

What booking functionalities are available now?

You can book either a round trip or one-way flight in Economy and Business class.

You also have access to your own client and CWT negotiated fares as well as policy guideline reminders.

Flight booking is a client setup item. In some cases, you may be in a country which doesn’t yet offer the flight hotel booking option. Please speak with your Travel Manager to enable flight booking. ​

Are Low-cost carriers content available on myCWT?

Yes, for enabled clients.

Can I select my seat when booking a flight on myCWT?

Yes, you can select your seat when booking a flight on myCWT web and mobile.

Can I see carbon indicators when booking a flight on myCWT?

Yes, carbon footprint data is displayed at point of booking, empowering travelers to make more sustainable choices.

Can I see COVID related country restriction information when booking my flights?

Yes, you can click on the link to CWT Travel Essentials when booking flights on myCWT mobile, to quickly see any COVID-19 guidelines and restrictions related to your trip.

What information passes from myCWT mobile to CWT Travel Essentials during the flight booking process?

Airport codes, vaccination information (defaults to full-vaccinated) and passport country from your travel profile.

Will my air loyalty program(s) be taken into account?

Yes, in case the traveler has updated the info in the profile within the global profile management system.

Can I cancel a flight booking on myCWT?

Yes, you can cancel flight bookings on myCWT mobile (not web) before or after the ticket has been issued, regardless of the booking channel (myCWT, OBT or via your CWT travel counselor).

Which types of bookings cannot be cancelled on myCWT mobile?

Flight(s) + any other product in the same booking (hotel, car or rail)

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Flights of low cost carriers

Car reservations

Can I amend a flight booking on myCWT?

No, you can’t amend a flight booking on myCWT mobile or web. Please contact your CWT travel counselor should you need to change your flight booking.

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CWTSatoVacations, CWTSatoTravel’s full service leisure travel division, has become a trusted name in vacation planning for military and government personnel. With more than 70 years of experience serving active duty, retirees and military families, CWT Travel Advisors help you book the escape that’s perfect for you. Why take any trip, when you can take a vacation that’s tailored specifically to you?

CWT Travel Advisors work tirelessly to provide you with the best travel experiences. We’ve cultivated relationships with leading travel suppliers across the globe, which means you have access to our exclusive partnerships and perks – so you can get the most out of every moment of your trip. With CWTSatoVacations, your world starts here.

CWTSatoTravel, the U.S. military and government division of CWT, is the nation's leading provider of travel management and fulfillment services to the U.S. government.

You can reach a CWT Travel Advisor Monday through Friday, 8:00am - 5:00pm CT at 877-698-2554 or email at [email protected] .

Why Choose CWTSatoVacations

CWT Travel Advisors ensure you take advantage of military benefits, savings, upgrades and special amenities on a wide selection of vacation packages, cruises and tours which are continually updated to reflect the best travel values available anywhere.

For your peace of mind, you will know that your vacation is being provided by one of the leading travel suppliers in the industry. CWT Travel Advisors are there for you before, during and after your vacation.

Book your vacation with CWTSatoVacations now.

Enjoy VIP recognition at fine hotels with room upgrades and meal inclusions, perks on cruises and tours, as well as privileged access to prestigious events around the world. Exclusively available to you when you book with CWTSatoVacations.

Take advantage of these benefits by calling your CWT Travel Advisor today:

  • Ensemble Cruise Program: CWTSatoVacations provides you access to complimentary cruise benefits, exclusive shore excursions, land packages, private social events and cocktail parties on hundreds of select cruise departures per year.
  • Daily breakfast for up to two guests
  • Upgrade on arrival (subject to availability)
  • Complimentary Wi-Fi
  • A complimentary amenity valued up to $100 which can include a spa, dining or resort credit.
  • Ensemble Confidence: Knowing you have an Ensemble-affiliated travel professional on your side, you can rest easy knowing your personal preferences are reflected in every aspect of each vacation experience designed especially for you. Every aspect is handled for you including air, ground transfers, excursions, sightseeing and travel insurance, and someone is available to assist you during and after your trip should a need arise.
  • Range: The award-winning online travel magazine, where Your Journey Begins With Us.

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COVID-19 - Return to travel information

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We are closely monitoring developments to effectively support our customers and their impacted travel programs, and this page is dedicated to providing you with updates and links to sources to help you be informed (check this page frequently as authorities, suppliers and airlines are changing their policies regularly).

CWT travel information

For specific questions about your travel program, please contact your CWT representative.

  • Share the latest video to help your employees prepare for a smooth journey.
  • Tune into CWT's Business Travel On the Fly Podcast to hear valuable insights, top tips and the latest developments from leading organizations in the industry
  • Read more about how you can increase your line of sight through easy to use, on demand Return to Travel Dashboards .
  • Read more on how to prepare for a return to business travel
  • Read more about CWT’s traveler safety principles

Travel restrictions and policies

  • Find daily updates on travel restrictions, flight operations, and screening from our safety and security partner, International SOS.  

You can also follow their global updates via their free information portal .

As travel slowly restarts around the world, what will it mean for the employee experience and how should a travel manager prepare? Sign-up to watch CWT’s webinars as we take a holistic view at getting employees back on the road and provide you with a roadmap and strategic framework for a return-to-travel.

Download the return-to-travel checklist for your essential guide to travel planning.

For details on travel regulations globally, IATA has an interactive COVID-19 map detailing restriction levels by country.

COVID-19 case trackers

WHO Coronavirus (COVID-19) dashboard by the World Health Organization (WHO).

Guidelines for travelers

IATA has published health and safety guidelines for travelers.

Many airlines have recently implemented precautionary safeguarding measures at airports and on board, to ensure the health and safety of their employees and customers. Measures include passenger temperature checks during the boarding process and on board, compulsory mask wearing of passengers and crew, cabin baggage restrictions as well as social distancing on board.  For any airline specific safeguarding procedures, please visit each airlines’ website for more information.

Other useful information

  • Review and revise your company’s travel risk policy to protect the health and safety of your travelers.
  • Centers for Disease Control and Prevention
  • European Centre for Disease Prevention and Control
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  • Johns Hopkins University
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* Any refunds and associated charges will be made according to the airline or hotel’s policy. Except for travelers based in China who purchased flight tickets before 28 January and wish to cancel their trip where CWT will not charge a service fee for handling their refund requests, CWT charges and service fees will continue to apply for all other cancellations or changes made to travelers’ bookings.

The information we provide may not address your individual requirements and are for informational purposes only. Such information does not constitute any form of legal or medical advice and should not be relied on or treated as a substitute for specific advice relevant to particular circumstances and is not intended to be relied upon by you in making (or refraining from making) any specific decisions.

COVID-19 landing page | Getting ready to travel

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Search for your perfect fit at CWT

PEOPLE + CULTURE = PERFORMANCE

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CWT is B2B4E

Come build a world-leading travel management platform.

Through our years of serving our clients in business travel, meetings & events, and hotel distribution, we know that delivering a truly memorable experience doesn't stop with our clients - it's all about their employees. We call this concept B2B4E: “business to business for employees”.

What we do for the employees of our clients is what we strive to do every day for our own people through our culture. In everything we do, we seek to be performance-driven, innovative, empowered and customer-focused. These four attributes form the foundations of CWT culture and they shape the daily experiences of our employees, as well as those of our clients and travelers.

Our culture is a give-and-take arrangement: the more you engage in it, the more you’ll get out of it. We actively look for the sort of people who bring a positive attitude to work with them. It’s reflected in the atmosphere in our offices and contact centers, and the dynamic between colleagues. Our people want to be here, and it shows.

Our people, our priority

Our philosophy of B2B4E – business to business for employees – is testament to the fact that, at CWT, people do come first. This approach isn’t limited to our travelers; it starts and ends with our own employees. That’s why it’s so important to us that we provide an environment in which our people can genuinely enjoy their work.  

Meet some of our people and the different areas in which they work to deliver the service experience our customers expect.

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150 years in travel

Throughout 2022 we celebrated 150 years in travel, taking a look at travel in the past and travel in the future, a future CWT is excited to shape and enable, and that is undeniably about innovation and forging new paths.

Find your fit

Integrity, leadership, caring and passion really are at the heart of everything we do at CWT. If these core values are as important to you as they are to us, you could be exactly what we’re looking for – and we think we could be a great fit for you, too.

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Amex GBT to Acquire CWT

  • Transaction value of approximately $570 million on a cash-free, debt-free basis, subject to certain assumptions and purchase price adjustments
  • Acquisition to provide CWT customers with more choice and value
  • Transaction projected to create greater capacity for investment in software and services
  • Expected to deliver significant shareholder value through synergy opportunity and efficiency gains from the combination, with approximately $155 million of synergies identified
  • Investor conference call scheduled for today at 08:30 A.M. Eastern Time

NEW YORK --(BUSINESS WIRE)-- American Express Global Business Travel (“Amex GBT”), which is operated by Global Business Travel Group, Inc. (NYSE: GBTG) (“Amex GBT” or the “Company”), a leading B2B software and services company for travel and expense, has today announced it entered into a definitive agreement to acquire CWT, a global business travel and meetings solutions provider, in a transaction that values CWT at approximately $570 million on a cash-free, debt-free basis, subject to certain assumptions and purchase price adjustments. The transaction will be funded by a combination of stock and cash and is expected to close in the second half of 2024, subject to the satisfaction of customary closing conditions, including the receipt of certain regulatory approvals.

CWT serves 4,000 customers and is expected to generate approximately $850 million of revenues and $70 million–$80 million of Adjusted EBITDA in 2024.

Paul Abbott , Amex GBT’s CEO, said: “Bringing CWT onto the proven Amex GBT software and services model will create more choice for customers, more opportunities for people and more value for shareholders.”

After the acquisition closes, CWT customers would have access to Amex GBT’s proprietary software and services for travel and expense, including Neo1, Neo and Egencia, in addition to Select, which enables customers to integrate with leading technology partners. Customers would have access to the broadest portfolio of professional services, including meetings and events, consulting and sustainability solutions and Amex GBT’s marketplace would provide access to the most comprehensive and competitive content in the industry.

CWT CEO, Patrick Andersen , said: “Joining forces with Amex GBT helps accelerate our vision of a tech-enabled future for business travel, where people and technology combine to deliver an exceptional customer experience. We are highly confident in the value creation of the combined company.”

Significant Shareholder Value

  • Highly attractive valuation and financial return: Based on CWT estimated 2024 Adjusted EBITDA of $70 million–$80 million and $155 million of identified synergies, Amex GBT acquiring CWT for pre-synergy multiple of 7.6x and post-synergy multiple of 2.5x Adjusted EBITDA. Based on CWT estimated 2024 revenue of approximately $850 million , Amex GBT acquiring CWT for 0.7x revenue multiple.
  • Synergy opportunity: Identified approximately $155 million of annual run-rate synergies within three years, with approximately 35% expected to be realized in 2025. Amex GBT has a proven track record of delivering significant synergies through acquisitions. A dedicated integration team will execute the synergy plan.
  • Strong balance sheet and leverage profile: Amex GBT maintains a strong balance sheet and post-deal leverage stays within Amex GBT’s target range of 1.5x–2.5x.
  • Accretive transaction: Expected to be break-even to earnings per share in the first year of transaction close and accretive thereafter.

Transaction Overview

  • The transaction values CWT at approximately $570 million on a cash-free and debt-free basis, subject to certain assumptions and purchase price adjustments. At the closing of the transaction Amex GBT expects to issue approximately 71.7 million shares of its common stock at a fixed price of $6.00 per share and to use cash on hand to fund the retirement of CWT debt and the remaining transaction consideration. The CWT shareholders, which are primarily investment funds, are subject to a 90-day lockup for 50% of their shares and a 270-day lockup for the remainder of their shares. Both companies’ boards of directors have approved the transaction, which is expected to be completed in the second half of 2024, subject to the satisfaction of customary closing conditions, including the receipt of certain regulatory approvals.
  • Amex GBT acquiring CWT for pre-synergy multiple of 7.6x and post-synergy multiple of 2.5x Adjusted EBITDA, based on CWT estimated 2024 Adjusted EBITDA of $70 million –$80 million and $155 million identified synergies.
  • Amex GBT acquiring CWT for 0.7x revenue multiple, based on CWT estimated 2024 revenue of approximately $850 million .

Investor Conference Call Information

Amex GBT will hold a live investor conference call on March 25, 2024 , at 8:30 AM ET . The live investor conference call and accompanying slide presentation can be accessed on the Amex GBT Investor Relations website at investors.amexglobalbusinesstravel.com . A replay of the event will be available on the website for at least 90 days following the event.

About Amex GBT

American Express Global Business Travel (Amex GBT) is a leading software and services company for travel, expense, and meetings & events. We have built the most valuable marketplace in travel with the most comprehensive and competitive content. A choice of solutions brought to you through a powerful combination of technology and people, delivering the best experiences, proven at scale. With travel professionals and business partners in more than 140 countries, our solutions deliver savings, flexibility, and service from a brand you can trust – Amex GBT.

CWT is a global business travel and meetings solutions provider, with whom companies and governments partner to keep their people connected, in traditional business locations and some of the most remote and inaccessible parts of the globe. A private company majority owned by funds affiliated to Redwood Capital Management and Monarch Alternative Capital amongst others, CWT provides its customers’ employees with innovative technology and an efficient, safe, and sustainable travel experience.

Forward-Looking Statements

This communication contains statements that are forward-looking and as such are not historical facts. This includes, without limitation, statements regarding our financial position, business strategy, and the plans and objectives of management for future operations and full-year guidance. These statements constitute projections, forecasts and forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this communication are based on our current expectations and beliefs concerning future developments and their potential effects on us. There can be no assurance that future developments affecting us, including as a result of the transaction, will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, the following risks, uncertainties and other factors: (1) changes to projected financial information or our ability to achieve our anticipated growth rate and execute on industry opportunities; (2) our ability to maintain our existing relationships with customers and suppliers and to compete with existing and new competitors; (3) various conflicts of interest that could arise among us, affiliates and investors; (4) our success in retaining or recruiting, or changes required in, our officers, key employees or directors; (5) factors relating to our business, operations and financial performance, including market conditions and global and economic factors beyond our control; (6) the impact of geopolitical conflicts, including the war in Ukraine and the conflicts in the Middle East , as well as related changes in base interest rates, inflation and significant market volatility on our business, the travel industry, travel trends and the global economy generally; (7) the sufficiency of our cash, cash equivalents and investments to meet our liquidity needs; (8) the effect of a prolonged or substantial decrease in global travel on the global travel industry; (9) political, social and macroeconomic conditions (including the widespread adoption of teleconference and virtual meeting technologies which could reduce the number of in-person business meetings and demand for travel and our services); (10) the effect of legal, tax and regulatory changes; (11) the decisions of market data providers, indices and individual investors; (12) the outcome of any legal proceedings that may be instituted against Amex GBT or CWT following the announcement of the transaction; (13) the inability to complete the transaction; (14) delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals or complete regulatory reviews required to complete the transaction; (15) the risk that the transaction disrupts current plans and operations as a result of the announcement and consummation of the transaction; (16) the inability to recognize the anticipated benefits of the transaction, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain key employees; (17) costs related to the transaction; (18) risks related to the business of Cape or unexpected liabilities that arise in connection with the transaction or the integration with Cape; (19) the risk that the assumptions, estimates and estimated adjustments described in this communication may prove to be inaccurate; and (20) other risks and uncertainties described in the Company’s Form 10-K, filed with the SEC on March 13, 2024 , and in the Company’s other SEC filings. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Non-GAAP Financial Measures

Adjusted EBITDA is defined as net income (loss) before interest income, interest expense, gain (loss) on early extinguishment of debt, benefit from (provision for) income taxes and depreciation and amortization and as further adjusted to exclude costs that management believes are non-core to the underlying business of the Company, consisting of restructuring, exit and related charges, integration costs, costs related to mergers and acquisitions, non-cash equity-based compensation, fair value movements on earnout and warrant derivative liabilities, long-term incentive plan costs, certain corporate costs, foreign currency gains (losses), non-service components of net periodic pension benefit (costs) and gains (losses) on disposal of businesses.

This communication contains non-GAAP financial measures related to the anticipated acquisition. Amex GBT believes these forward-looking non-GAAP measures are of interest to investors. We have not reconciled these forward-looking non-GAAP measures to their corresponding GAAP measures because certain items that impact these measures are unavailable without unreasonable efforts, out of Amex GBT’s control and/or cannot be reasonably predicted without unreasonable efforts.

cwt travel meaning

View source version on businesswire.com : https://www.businesswire.com/news/home/20240325881910/en/

Media: [email protected] Investors: Jennifer Thorington Vice President Investor Relations [email protected]

Source: Global Business Travel Group, Inc.

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cwt travel meaning

Amex GBT Agrees to Purchase CWT for $570 Million

A merican Express Global Business Travel is betting big on business travel's recovery post-pandemic, announcing plans to acquire rival CWT for $570 million .

The cash-and-stock acquisition, which must be approved by shareholders and regulatory authorities, is expected to close sometime in the second half of 2024.

The deal would add 4,000 new clients for Amex GBT, which anticipates CWT to generate approximately $850 million in revenue this year. The two companies ranked inside the top five on Travel Weekly's most recent Power List .

"Bringing CWT onto the proven Amex GBT software and services model will create more choice for customers, more opportunities for people and more value for shareholders," Amex GBT CEO Paul Abbott said in a statement.

"Joining forces with Amex GBT helps accelerate our vision of a tech-enabled future for business travel, where people and technology combine to deliver an exceptional customer experience," added CWT CEO Patrick Andersen. "We are highly confident in the value creation of the combined company."

According to a recent forecast from the Global Business Travel Association (GBTA), corporate travel spending is expected to recover to its pre-pandemic total of $1.4 trillion in 2024 and grow in the years to come.

Business travelers at the airport

IMAGES

  1. Carlson Wagonlit Travel Launches CWT Travel Consolidator, Providing

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  2. CWT

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  3. CWT To Go™ Travel Management App

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  4. Cwt

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  5. Are you ready to travel?

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  6. CWT Travel Essentials Tool

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VIDEO

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  2. YTP

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  6. 骑行新疆去甘肃,中秋节我在无人区搭帐篷过夜,晚上鸡蛋炒洋葱吃

COMMENTS

  1. CWT (company)

    CWT (formerly Carlson Wagonlit Travel) is a travel management company that manages business travel, meetings, incentives, conferencing, exhibitions, and handles event management . Headquartered in Minneapolis, Minnesota, the company reported US$23 billion in total transaction volume in 2018. [1] It is ranked 5th on the list of top earning ...

  2. Our company

    At CWT we focus on B2B4E, short for "business to business for employees." We make it our mission to bring the best customer experience to you and your employees. With our long history in travel we understand travelers and are continuously innovating our processes and tools to improve business travelers' experiences.. CWT Meetings & Events (M&E) is our award-winning global corporate meetings ...

  3. Your Business Travel & Meetings Management Company

    Energy, resources and marine. Getting people to remote parts of the world can be complex. We specialize in all aspects of rotating workers, crew travel and personnel travel. More on energy industries travel. Through integrated sustainability data, tools, and solutions, we empower responsible travel choices that align with your sustainability goals.

  4. Making Travel Easier for

    For over 70 years, CWTSatoTravel has served as the nation's leading provider of travel management fulfillment services to federal government and military travelers. We issue more than 6.5 million transactions annually to U.S. military and government travelers and handle nearly $3 billion in annual sales. Our 700+ experienced travel counselors ...

  5. Travel Booking Services

    Give your employees the booking flexibility and convenience they want without undermining your travel program objectives. As part of CWT's integrated digital platform, our award-winning mobile app enables users to book hotels and flights, where available worldwide, in just a few taps. Whether on smartphone or tablet, our app simplifies business bookings, keeps your employees happy and ...

  6. Carlson Wagonlit Travel Unveils New Identity as CWT

    Carlson Wagonlit Travel Unveils New Identity as CWT. Carlson Wagonlit Travel is rebranding itself by changing its name to CWT. The Minneapolis-based global travel management company said the new identity honors its heritage as well as its digital leadership ambitions. The three-letter classification reflects the three pillars of its focused ...

  7. History of CWT

    CWT unveils initial focus of $100m technology, innovation, and product investment plans. January. CWT commences celebrations of 150 years in travel. A heritage that traces back to 1872 when Belgian engineer and industrialist, George Nagelmackers, sold the American concept of sleeping cars to European rail operators.

  8. Traveler Help

    24/7 Emergency Service. In case of an emergency, contact the 24/7 service center for your region or country. A call to the 24/7 service center may result in additional costs. Please verify with your travel manager if you are allowed to use this service. 24/7 emergency contact information.

  9. Book and manage your trips

    Using myCWT as a Travel Arranger. Cancelling Trips. Itinerary details on myCWT app and web. Flight check-in via your mobile device. Sync your trip to your calendar. Flight notifications. Book your hotel with myCWT mobile (formerly CWT To Go)

  10. Travel Management Software

    Travel made easier at home and abroad. Discover my CWT. Our consolidated travel platform, called myCWT, helps make your employees' lives simpler.Whether they're booking travel online, on mobile or through one of our dedicated travel counselors, all of the details of their travel arrangements will be accessible via every channel.

  11. PDF Frequently Asked Questions

    travel booking, chat style messaging with a counselor, itineraries, flight alerts, safety alerts and mobile check-in. General Information How much does myCWT cost? myCWT mobile is complimentary to CWT clients and their travelers. CWT's core travel management services include myCWT web as a part of each client's agreement with CWT.

  12. Visa Requirements & Travel Restrictions

    Visa requirements and other travel restrictions. Use this tool to understand visa, passport, COVID-19 testing, and other regulations in your destination country. Make informed and timely decisions based on factors including trip origin, destination, travel dates, traveler nationality and current restrictions delivered in a simple format.

  13. CWTSatoTravel

    CWTSatoTravel provides travel services for U.S military and civilian government agencies. Whether you're traveling for work, reporting for duty, heading home from along trip or tour, or you and your family are taking a well-earned vacation, we're here to make your journey as smooth as possible.

  14. What Is CWT in Shipping? A Comprehensive Guide

    CWT is a unit of weight that originated in the Roman empire, where it was called 'centum pondus,' meaning 'a hundred pounds.'. It was used as a standard measure of weight in trade for centuries until it was replaced by the metric system. However, in the shipping industry, CWT stuck around and is still widely used today.

  15. Book your flight with myCWT web and mobile

    You can book either a round trip or one-way flight in Economy and Business class. You also have access to your own client and CWT negotiated fares as well as policy guideline reminders. Flight booking is a client setup item. In some cases, you may be in a country which doesn't yet offer the flight hotel booking option.

  16. CWTSatoVacations: About Us

    With CWTSatoVacations, your world starts here. CWTSatoTravel, the U.S. military and government division of CWT, is the nation's leading provider of travel management and fulfillment services to the U.S. government. You can reach a CWT Travel Advisor Monday through Friday, 8:00am - 5:00pm CT at 877-698-2554 or email at cwtsatovacationsus@cwtsato ...

  17. COVID-19 Travel Information

    CWT travel information. For specific questions about your travel program, please contact your CWT representative. Share the latest video to help your employees prepare for a smooth journey. Tune into CWT's Business Travel On the Fly Podcast to hear valuable insights, top tips and the latest developments from leading organizations in the industry

  18. myCWT

    myCWT is a travel portal that allows you to manage your business travel needs with ease. You can book flights, hotels, car rentals, and more, and access your travel itinerary, invoices, and policy compliance. You can also get support from CWT's travel experts, who can help you with trip disruptions, COVID-19 information, and travel tips. Log in to myCWT and enjoy a seamless travel experience.

  19. Travel Counselor Jobs

    Contribute to CWT's success. Our travel counselors and those who support them are the face of CWT around the world. They are the foundation of our business model and the service we deliver to our clients. Individually and collectively, they delight travelers and travel arrangers, building commercial value and strengthening the CWT brand.

  20. Start your career in business travel at CWT

    CWT is B2B4E Come build a world-leading travel management platform. Through our years of serving our clients in business travel, meetings & events, and hotel distribution, we know that delivering a truly memorable experience doesn't stop with our clients - it's all about their employees.

  21. Amex GBT to Acquire CWT

    CWT is a global business travel and meetings solutions provider, with whom companies and governments partner to keep their people connected, in traditional business locations and some of the most ...

  22. CWT Travel Abbreviation Meaning

    Travel CWT abbreviation meaning defined here. What does CWT stand for in Travel? Get the most popular CWT abbreviation related to Travel. ... Carlson Wagonlit Travel. American Red Cross, Voyage, Rail. American Red Cross, Voyage, Rail. Suggest to this list. Related acronyms and abbreviations. Abbr. Meaning; IP. Internet Protocol. Technology ...

  23. Amex GBT Agrees to Purchase CWT for $570 Million

    American Express Global Business Travel is betting big on business travel's recovery post-pandemic, announcing plans to acquire rival CWT for $570 million. The cash-and-stock acquisition, which ...

  24. Constructed Travel

    The Constructed Travel Worksheet is used to compare costs between travel modes. Once completed and uploaded in DTS, an Authorizing Official (AO) uses information from the worksheet to determine the authorized travel mode and establish any limits on reimbursement. The same worksheet is used for pre-travel and post-travel constructed comparisons ...