Freightos Overview
Freightos is an online freight shipping marketplace and platform that offers digital solutions for comparing, booking, and managing global freight shipments. Their platform provides instant freight quotes from multiple providers, covering air, ocean, and trucking freight. Freightos aims to simplify and streamline the logistics process for importers, exporters, and freight forwarders by offering tools such as rate management, eBooking, and market intelligence.
Cumulative Funding Raised Over Time ($)
$1.7MDec 2012
$8.3MJan 2015
$88.3MJan 2023
$113.3MMar 2017
$139.7MMar 2021
$153.7MSep 2015
$198.1MSep 2018
Latest News
growth-positive
Ocean rates higher by double-digits as U.S. makes Asia trade progress
Freightos reports a significant increase in container rates on trans-Pacific routes from Asia to the United States and Northern Europe, with rates rising by 15% to 20%. This improvement is attributed to progress in regional trade deals and strategic capacity management by carriers. The rates have maintained general rate increases since mid-October, despite a seasonal lull. The article also highlights the potential for further rate increases in November, contingent on continued capacity management. Additionally, there is optimism about the potential de-escalation of the U.S.-China trade war, which could lead to adjustments in tariffs and port call fees. The geopolitical situation in the Red Sea region remains volatile, affecting trade routes.
growth-positive
Ocean Freight Rates Bounce Back as Carriers Tighten Capacity, But Will it Last?
The article discusses the recent rebound in ocean freight rates, driven by carriers like Mediterranean Shipping Company (MSC) implementing general rate increases (GRIs) and blanking sailings to manage capacity. Rates for Asia-to-U.S. West Coast and East Coast routes have seen significant increases, with similar trends observed for Asia-to-Northern Europe routes. The increase in rates is partly due to shippers front-loading goods ahead of potential U.S. tariffs on Chinese goods. MSC announced new freight rates effective November 1, coinciding with potential tariff increases. The article also notes that air freight rates are rising, although experts are skeptical about a strong peak season due to trade war impacts.
growth-positive
/PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), the leading vendor-neutral global freight booking and payment platform, today announced the appointment of...
Freightos Limited, a leading global freight booking and payment platform, announced the appointment of Michael Schaecher to its Board of Directors, effective October 19, 2025. Schaecher brings over 30 years of experience in logistics and technology, having worked with industry leaders like DHL Global Forwarding and CEVA Logistics. His appointment is expected to strengthen Freightos position in the digital freight space, as the company continues to expand its digital solutions and enhance connectivity between carriers, forwarders, and shippers. Freightos recently reported an annualized run rate of over 1.6 million platform transactions, highlighting its growth and impact in the industry.
Management Changes
growth-positive
Freightos Appoints Logistics Veteran Michael Schaecher to Board of Directors
Freightos Limited, a leading global freight booking and payment platform, has announced the appointment of Michael Schaecher to its Board of Directors, effective October 19, 2025. Schaecher, with over 30 years of experience in logistics and technology, is expected to enhance Freightos digital solutions and strengthen its position in the digital freight space. His expertise aligns with Freightos mission to digitize international shipping and will help shape the future of freight for its customers, including freight forwarders, carriers, and enterprise shippers. This strategic move comes as Freightos reports an annualized run rate of over 1.6 million platform transactions, indicating its growing influence in the industry.
Management Changes
growth-positive
/PRNewswire/ - Freightos Limited (NASDAQ: CRGO), the leading digital freight booking and payment platform for the international freight industry, today...
Freightos Limited, a leading digital freight booking and payment platform, reported strong performance in Q3 2025, with a 27% year-over-year growth in transactions and a 54% increase in Gross Booking Value (GBV). The company continues to expand its platform, connecting more carriers and buyers, and enhancing global supply chain efficiency. Freightos WebCargo platform is a key driver of growth, with new carriers joining and existing ones increasing their activity. The company plans to report its full earnings on November 17, 2025. Freightos digital solutions are transforming the freight industry, making it more efficient and resilient.
CustomersExpand
| Sector | Retail Platforms |
Funding
| Total funding | $198.09M |
| Last funding | $80M |
| Stage | Public |
| Rounds | 8 |
| Investors | 11 |
Team Members
10
Employees: 51-200
Web & Social Links
| Website | www.freightos.com |
| Careers | Careers page |
Locations
Derech Agudat Sport HaPo'el 1, Jerusalem, Jerusalem, Israel
350 Lincoln Road, Miami Beach, FL, USA
625 King's Road, North Point, Hong Kong
Photos & Videos
5 item(s)
Freightos Business
Business models
B2B
Product stage
Released
Employees
51-200
Sector
Automotive & Mobility TechnologiesLogistics & Transportation ManagementRetail PlatformsServicesTarget Customer
Transportation & LogisticsLogisticsMaritimeCore Technology
Platforms & InterfacesSoftwareTags (18)
transportationsaasmanagement-solutionsshippingfreightsalesbig-data-analyticsartificial-intelligencelogisticsmarketplacecargo-managementprice-comparisoncargofood-and-beverageretailsmbmarinesmart-mobilityGeographic Markets
Hong KongSingaporeIsraelChinaUnited KingdomUnited StatesFreightos Financials
$198.09M
Total funding
Undisclosed
Capital raised
$80M
Last funding
Public
Funding stage
8
Total rounds
11
Investors
Cumulative Funding Raised Over Time ($)
$1.7MDec 2012
$8.3MJan 2015
$88.3MJan 2023
$113.3MMar 2017
$139.7MMar 2021
$153.7MSep 2015
$198.1MSep 2018
Private Equity Funding
PIPE
Jan 2023
$80M
Qatar Airways
C Round
Mar 2021
$26.39M
OurCrowd (Lead)
C Round
Sep 2018
$44.4M
OurCrowd, SGX, GE Ventures, MoreVC, Aleph
B Round
Mar 2017
$25M
OurCrowd (Lead)
,
Sadara Ventures, MSR Capital, Aleph, Annox Capital, General Electric, MoreVC
B Round
Sep 2015
$14M
OurCrowd (Lead)
,
Sadara Ventures, Aleph, MSR Capital, MoreVC, Annox Capital
A Round
Jan 2015
$6.61M
MoreVC, Aleph, Annox Capital, OurCrowd
Seed
Dec 2012
$1.7M
OurCrowd (Lead)
,
Zvi Schreiber
Public Offering / Exit
SpacEvent
Jan 2023
Undisclosed
Mergers & Acquisitions
MNAEvent
Jan 2022
Undisclosed
MNAEvent
Apr 2019
Undisclosed
MNAEvent
Aug 2016
Undisclosed
MNAEvent
Aug 2016
Undisclosed
Freightos Lifecycle
Cumulative Funding Raised Over Time
$1.7MDec 2012
$8.3MJan 2015
$88.3MJan 2023
$113.3MMar 2017
$139.7MMar 2021
$153.7MSep 2015
$198.1MSep 2018
All Events
PIPE
Jan 2023
$80M
Qatar Airways
C Round
Mar 2021
$26.39M
OurCrowd (Lead)
C Round
Sep 2018
$44.4M
OurCrowd, SGX, GE Ventures, MoreVC, Aleph
B Round
Mar 2017
$25M
OurCrowd (Lead)
,
Sadara Ventures, MSR Capital, Aleph, Annox Capital, General Electric, MoreVC
B Round
Sep 2015
$14M
OurCrowd (Lead)
,
Sadara Ventures, Aleph, MSR Capital, MoreVC, Annox Capital
A Round
Jan 2015
$6.61M
MoreVC, Aleph, Annox Capital, OurCrowd
Seed
Dec 2012
$1.7M
OurCrowd (Lead)
,
Zvi Schreiber
SpacEvent
Jan 2023
Undisclosed
MNAEvent
Jan 2022
Undisclosed
MNAEvent
Apr 2019
Undisclosed
MNAEvent
Aug 2016
Undisclosed
MNAEvent
Aug 2016
Undisclosed
Freightos News
171 articles
growth-positive
Ocean rates higher by double-digits as U.S. makes Asia trade progress
Freightos reports a significant increase in container rates on trans-Pacific routes from Asia to the United States and Northern Europe, with rates rising by 15% to 20%. This improvement is attributed to progress in regional trade deals and strategic capacity management by carriers. The rates have maintained general rate increases since mid-October, despite a seasonal lull. The article also highlights the potential for further rate increases in November, contingent on continued capacity management. Additionally, there is optimism about the potential de-escalation of the U.S.-China trade war, which could lead to adjustments in tariffs and port call fees. The geopolitical situation in the Red Sea region remains volatile, affecting trade routes.
growth-positive
Ocean Freight Rates Bounce Back as Carriers Tighten Capacity, But Will it Last?
The article discusses the recent rebound in ocean freight rates, driven by carriers like Mediterranean Shipping Company (MSC) implementing general rate increases (GRIs) and blanking sailings to manage capacity. Rates for Asia-to-U.S. West Coast and East Coast routes have seen significant increases, with similar trends observed for Asia-to-Northern Europe routes. The increase in rates is partly due to shippers front-loading goods ahead of potential U.S. tariffs on Chinese goods. MSC announced new freight rates effective November 1, coinciding with potential tariff increases. The article also notes that air freight rates are rising, although experts are skeptical about a strong peak season due to trade war impacts.
growth-positive
/PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), the leading vendor-neutral global freight booking and payment platform, today announced the appointment of...
Freightos Limited, a leading global freight booking and payment platform, announced the appointment of Michael Schaecher to its Board of Directors, effective October 19, 2025. Schaecher brings over 30 years of experience in logistics and technology, having worked with industry leaders like DHL Global Forwarding and CEVA Logistics. His appointment is expected to strengthen Freightos position in the digital freight space, as the company continues to expand its digital solutions and enhance connectivity between carriers, forwarders, and shippers. Freightos recently reported an annualized run rate of over 1.6 million platform transactions, highlighting its growth and impact in the industry.
Management Changes
growth-positive
Freightos Appoints Logistics Veteran Michael Schaecher to Board of Directors
Freightos Limited, a leading global freight booking and payment platform, has announced the appointment of Michael Schaecher to its Board of Directors, effective October 19, 2025. Schaecher, with over 30 years of experience in logistics and technology, is expected to enhance Freightos digital solutions and strengthen its position in the digital freight space. His expertise aligns with Freightos mission to digitize international shipping and will help shape the future of freight for its customers, including freight forwarders, carriers, and enterprise shippers. This strategic move comes as Freightos reports an annualized run rate of over 1.6 million platform transactions, indicating its growing influence in the industry.
Management Changes
growth-positive
/PRNewswire/ - Freightos Limited (NASDAQ: CRGO), the leading digital freight booking and payment platform for the international freight industry, today...
Freightos Limited, a leading digital freight booking and payment platform, reported strong performance in Q3 2025, with a 27% year-over-year growth in transactions and a 54% increase in Gross Booking Value (GBV). The company continues to expand its platform, connecting more carriers and buyers, and enhancing global supply chain efficiency. Freightos WebCargo platform is a key driver of growth, with new carriers joining and existing ones increasing their activity. The company plans to report its full earnings on November 17, 2025. Freightos digital solutions are transforming the freight industry, making it more efficient and resilient.
CustomersExpand
growth-positive
Freightos Reports KPIs for Third Quarter of 2025 Exceeding Management Expectations
Freightos Limited, a leading digital freight booking and payment platform, reported preliminary key performance indicators for Q3 2025, showcasing significant growth. The company achieved a 27% year-over-year increase in transactions, surpassing managements expectations. The platforms Gross Booking Value (GBV) rose by 54% compared to the previous year, driven by the WebCargo platform and the carrier portal. Freightos continued its expansion, with 77 active carriers and 20,600 unique buyer users. The company plans to report full earnings on November 17, 2025. The growth reflects the industrys ongoing digital transformation and Freightos role in enhancing global supply chain efficiency.
CustomersProduct Stage
growth-negative
Ocean rates hit lowest levels since late 2023
The article discusses the decline in ocean freight rates to their lowest levels since late 2023, influenced by U.S. fees on China-linked vessels and easing tensions in the Red Sea. Freightos reports an 8% week-over-week drop in Transpacific container prices, with U.S. import volumes projected to continue falling through December. The Red Sea crisis developments, including a ceasefire, are expected to restore container traffic, while U.S. port fees on China-linked vessels and Chinas countermeasures add complexity to the maritime shipping landscape. The U.S. also plans to impose tariffs on China-linked cargo handling equipment starting November 9.
growth-negative
Surprise move by China carriers ahead of U.S. port fees
Cosco, Chinas flag carrier and the worlds fifth-largest container line, along with its subsidiary OOCL, has announced that they will not levy surcharges to offset new U.S. port fees on Chinese-built and operated ships. These fees, set to be implemented on October 14, aim to reduce Chinas maritime dominance and promote American shipping. Despite potential costs of up to $2.1 billion by 2026, analysts suggest these could be absorbed by Beijings subsidies. The fees, which increase annually, must be paid in advance, or ships risk denial of entry at U.S. ports. In response, China has passed laws to levy retaliatory port fees. The situation has led to falling trans-Pacific spot container rates.
growth-positive
Freightos to Present at the LD Micro Main Event XIX
Freightos, a leading global freight booking and payment platform, announced its participation in the 19th annual LD Micro Main Event, taking place from October 19th to 21st, 2025, at the Hotel del Coronado in San Diego, California. The event will feature around 120 companies, with Freightos presenting on October 20th. The platform connects airlines, ocean carriers, freight forwarders, and importers/exporters, digitizing the international freight industry with solutions for pricing, booking, shipment management, and payments. Freightos also provides real-time industry data through its Freightos Terminal. The event aims to connect small companies with investors, enhancing Freightos visibility and potential growth opportunities.
growth-positive
Freightos Limited (CRGO) Upgraded to Buy: What Does It Mean for the Stock?
Freightos Limited has been upgraded to a Zacks Rank #2 (Buy), indicating a positive outlook on its earnings potential. This upgrade is based on an upward trend in earnings estimates, which is a significant factor influencing stock prices. The Zacks rating system, which tracks EPS estimates, is highly regarded for its ability to predict stock movements based on earnings revisions. The upgrade suggests an improvement in Freightos Limiteds business fundamentals, likely leading to a favorable impact on its stock price. Institutional investors, who rely on earnings estimates for valuation, may drive stock price movements through their investment actions.
growth-positive
Nippon Express Expands Global Freight Operations with Freightos' Air and Ocean Pricing and Booking SaaS Solution
Freightos Limited, a global freight booking and payment platform, has been selected by Nippon Express, a top-five global freight forwarder, to power its operations across 57 countries. Nippon Express will use Freightos multimodal freight pricing and booking SaaS solution to digitize air pricing, quoting, and booking, expanding its existing use of WebCargo by Freightos. This strategic digital expansion aims to enhance Nippon Express agility in navigating volatile logistics markets and delivering efficient pricing for air and ocean customers. The deployment includes API integrations and Freightos Terminal for market intelligence, marking a significant shift in freight management.
CustomersPartners
growth-positive
/PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), the leading vendor-neutral global freight booking and payment platform, today announced that top-five global...
Freightos Limited, a leading global freight booking and payment platform, has been selected by Nippon Express (NX Group), a top-five global freight forwarder, to power its operations across its global network. Nippon Express will use Freightos multimodal freight pricing and booking SaaS solution to digitize air pricing, quoting, and booking, expanding its existing use of WebCargo by Freightos. This strategic digital expansion aims to enhance Nippon Express ability to navigate the volatile logistics market with agility and efficiency. The deployment includes API integrations and Freightos Terminal, a market intelligence tool, to optimize routing and pricing. This partnership highlights the growing importance of digital capabilities in the logistics industry.
PartnersCustomers
growth-positive
Garuda Indonesia Goes Digital: Air Cargo Capacity Now Available Exclusively on WebCargo by Freightos®
Freightos Limited, a global freight booking and payment platform, has announced a partnership with Garuda Indonesia Cargo, the cargo division of Indonesias national airline. This collaboration will see Garuda Indonesia offering its cargo capacity exclusively on Freightos WebCargo platform, enhancing real-time eBooking capabilities for freight forwarders. The partnership aims to strengthen Garuda Indonesias cargo performance and expand its international market presence. This move is expected to provide seamless access to key trade routes in Southeast Asia, thereby improving global trade efficiency. The partnership is seen as a strategic effort to meet evolving customer needs through digital initiatives.
Partners
growth-positive
/PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading global freight booking and payment platform, today announced that Garuda Indonesia Cargo, the cargo...
Freightos Limited, a global freight booking and payment platform, has announced a partnership with Garuda Indonesia Cargo, the cargo division of Indonesias national airline. This collaboration will see Garuda Indonesia offering its cargo capacity exclusively on Freightos WebCargo platform. The partnership aims to enhance Garuda Indonesias cargo performance and presence in international markets, providing freight forwarders with seamless access to key trade routes. This move is expected to improve global trade efficiency by offering real-time visibility and online booking capabilities. Freightos continues to lead in digitizing the international freight industry, offering a range of software solutions for businesses worldwide.
Partners
growth-positive
Is Freightos Limited (CRGO) Stock Outpacing Its Business Services Peers This Year?
Freightos Limited, a company in the Business Services sector, has been outperforming its peers with an 8.2% year-to-date return, compared to the sectors average of 0.6%. The company holds a Zacks Rank of #2 (Buy), indicating a positive earnings outlook. Over the past three months, the Zacks Consensus Estimate for Freightos Limiteds full-year earnings has increased by 2.9%, reflecting improving analyst sentiment. The company is part of the Financial Transaction Services industry, which has gained about 2.1% so far this year. Investors are advised to monitor Freightos Limited and Futu Holdings Limited Sponsored ADR for continued strong performance.
growth-positive
3 Promising Penny Stocks With Market Caps Under $200M
Freightos Limited, with a market cap of $159.37 million, is expanding its logistics platform capabilities through strategic partnerships, notably with YTO Cargo Airlines. Despite being unprofitable, the company has reduced its losses over the past five years and maintains a solid cash runway exceeding three years. Freightos is debt-free and has not diluted shareholders recently, indicating financial prudence. The company generates revenue through its Platform and Solutions segments, with expected annual revenue growth of 21.46%. The article highlights Freightos financial health and strategic growth in the logistics sector.
Partners
growth-positive
YTO Cargo Airlines, a Top 5 Chinese Carrier, Joins WebCargo by Freightos, Boosting Digital Access to China-South Asia
Freightos, a global freight booking and payment platform, has partnered with YTO Cargo Airlines, a major Chinese cargo carrier. This partnership brings YTOs full capacity exclusively to Freightos WebCargo platform, marking YTO as the first all-cargo Chinese airline on the platform. The collaboration aims to provide seamless access to real-time pricing, instant booking, and integrated payments for freight forwarders, initially focusing on routes between China and South Asia. This partnership enhances Freightos platform offerings in Asia, aligning with its strategic expansion plans. YTOs digital transformation is expected to accelerate its international market expansion and reinforce its position as a world-class logistics provider.
Partners
growth-positive
/PRNewswire/ -- Freightos (NASDAQ: CRGO), the leading vendor-neutral global freight booking and payment platform, and YTO Cargo Airlines (Shanghai: 600233.SH),...
Freightos, a leading global freight booking platform, has partnered with YTO Cargo Airlines, one of Chinas largest cargo carriers. This collaboration brings YTOs full capacity exclusively to the WebCargo by Freightos platform, making it the first all-cargo Chinese airline on the platform. The partnership aims to provide freight forwarders with seamless access to real-time pricing, instant booking, and integrated payments across critical lanes between China and South Asia. This move is part of YTOs digital transformation and Freightos strategic expansion in Asia. The partnership is expected to enhance Freightos platform offerings and accelerate YTOs international market expansion.
Partners
growth-positive
‘TikTok’ of rising ocean rates as China prospects improve
The article discusses positive developments in trade negotiations between China and the United States, which are expected to benefit trans-Pacific shipping. Freightos, a company involved in shipping rate consultancy, reported a 7% increase in container rates from China to the U.S. West Coast as of September 16, 2023. This increase is attributed to general rate hikes by ocean lines, blanked sailings, and higher shipper demand. Despite skepticism about U.S. port charges on China-linked shipping, carriers are adjusting their strategies to minimize exposure. The National Retail Federation forecasts a decline in second-half shipments, but September imports have exceeded projections, indicating some positive impact from ongoing tariffs.
growth-negative
Trans-Pacific container rates rally despite trade war’s effects
The article discusses the recent increase in container shipping rates from Asia to the United States, with a 25% rise for the West Coast and a 20% rise for the East Coast. Despite these increases, rates remain significantly lower than the previous year. The rise is attributed to a temporary bump in demand ahead of Chinas Golden Week holiday and changes in vessel schedules. However, overall container demand into the U.S. is declining due to the ongoing trade war with China. The article also notes operational changes by shipping companies like Maersk and Hapag-Lloyd, and a decline in Asia-Europe shipping rates.
growth-negative
Ocean rates unchanged even as freight volumes decline
The article discusses the current state of container shipping rates, particularly on the trans-Pacific route, where rates have remained stable despite a decline in freight volumes. Freightos reports that rates from Asia to the U.S. West Coast and East Coast ports have not changed significantly, although there was a slight increase at the start of the week. The article highlights the challenges carriers face in implementing general rate increases due to declining demand and overcapacity. The upcoming Golden Week in China is expected to further impact shipping volumes. Additionally, geopolitical tensions in the Red Sea region have led to a decrease in scheduled services. Overall, the article suggests a growth-negative impact on Freightos due to the downward pressure on shipping rates.
growth-positive
Freightos Limited (CRGO) Upgraded to Buy: Here's Why
Freightos Limited (CRGO) has recently been upgraded to a Zacks Rank #2 (Buy), indicating a positive outlook on its earnings estimates. This upgrade reflects an upward trend in earnings estimates, which is a significant factor influencing stock prices. The Zacks rating system, which is based on earnings estimate revisions, suggests that Freightos Limiteds improving earnings potential could lead to increased buying pressure and a rise in its stock price. The correlation between earnings estimate revisions and stock price movements is well-documented, and the Zacks Rank system effectively leverages this relationship to guide investment decisions.
growth-negative
Tariff clarity can’t shore up falling ocean container rates
The article discusses the decline in container rates on Asia-to-U.S. trade routes following a surge in July due to shippers frontloading imports ahead of tariff increases. The extension of the tariff truce between China and the U.S. into November is not expected to stimulate another import surge. Freightos highlights that the U.S. Customs and Border Protections IT systems are struggling with increased data requirements, affecting tariff implementation. Trans-Pacific container arrivals likely peaked in July, with spot rates falling significantly since then. The Premier Alliance is adjusting its services to avoid punitive port fees on China-linked ships. Freightos notes that trans-Atlantic rates remain unchanged.
growth-negative
Trans-Pacific container rates fall to pre-Red Sea crisis levels
The article discusses the decline in benchmark container rates on the trans-Pacific trade from Asia to the U.S. West Coast, reaching their lowest levels since the Red Sea crisis began. The ongoing attacks by Yemen-based Houthi rebels and tariff pressures have contributed to this decline. Despite a temporary surge in demand due to a tariff reduction, rates have fallen significantly. Freightos analyst Judah Levine notes that overcapacity is impacting rates, with Asia-Europe trade also experiencing similar issues. The U.S. has extended a tariff pause, but industry experts remain divided on its impact on peak season demand. The article highlights the challenges faced by the shipping industry, including overcapacity and geopolitical tensions.
growth-positive
Globalia Strengthens Its Digital Strategy to Enhance Traveler Experience
Globalia, a Spanish tourism group, is accelerating its digital transformation efforts to enhance user experience across its airline, Air Europa, and travel agency network. The company has launched new digital platforms and formed key technology partnerships to streamline booking processes, optimize payment solutions, and improve customer support. Notable partnerships include Retailaer for travel agency distribution, WebCargo for air cargo digitization, Quantum Metric for user experience improvement, and CellPoint Digital for payment orchestration. Air Europa is also focusing on fleet modernization and transatlantic route expansion, with new aircraft to improve efficiency and reduce emissions. The airline is attracting interest from global partners like Etihad and Lufthansa, positioning itself as a key player in the Europe-Americas aviation market.
PartnersCustomersExpand
growth-positive
Freightos Second Quarter 2025 Earnings: US$0.085 loss per share (vs US$0.11 loss in 2Q 2024)
Freightos reported a revenue increase of 32% from the second quarter of 2024, reaching US$7.44 million. The companys net loss narrowed by 20% to US$4.28 million, with a loss per share improving from US$0.11 to US$0.085. The article highlights the potential impact of AI on healthcare, mentioning 20 stocks, including Freightos, that are working on early diagnostics and drug discovery. Freightos is expected to see a 21% annual revenue growth over the next three years, significantly outpacing the US logistics industrys forecasted growth of 3.1%. The companys shares have risen by 1.2% over the past week.
growth-positive
Freightos Limited (CRGO) Reports Q2 Loss, Tops Revenue Estimates
Freightos Limited reported a quarterly loss of $0.09 per share, aligning with the Zacks Consensus Estimate and improving from a $0.11 loss per share a year ago. The company posted revenues of $7.44 million, surpassing the consensus estimate by 5.35% and showing growth from $5.66 million a year earlier. Freightos has exceeded consensus revenue estimates three times in the last four quarters. Despite underperforming the S&P 500 this year, the companys shares have increased by 6.6%. The stocks future performance will depend on managements commentary and earnings outlook. The current consensus EPS estimate for the next quarter is -$0.08 with $7.61 million in revenues.
growth-positive
/PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), the leading vendor-neutral digital booking and payment platform for the international freight industry, today...
Freightos Limited reported a 31% year-over-year increase in second-quarter revenue, surpassing management expectations. The company has revised its full-year transaction outlook upward, reflecting confidence in sustained growth. Freightos achieved a record 397,000 transactions in the second quarter, with carrier growth including new partnerships with China Airlines and Air Europa. The number of unique buyer users grew by 6%, and Gross Booking Value increased by 56%. Despite global trade uncertainties, Freightos remains optimistic about its financial outlook and aims to reach breakeven Adjusted EBITDA by the end of 2026. The company is also marking a new chapter with a new chairman on board.
CustomersPartnersManagement Changes
growth-negative
Exchange-Traded Funds, Equity Futures Lower Pre-Bell Monday Ahead of Jackson Hole Fed Meeting
The article discusses the performance of the SPDR S&P 500 ETF Trust (SPY), which experienced a slight decline of 0.1%. This ETF is a broad market exchange-traded fund that tracks the S&P 500 index. The article is part of a premium news service that requires a subscription to access detailed insights. The decline in SPYs performance is indicative of broader market trends and reflects investor sentiment in the current economic climate.
growth-positive
Freightos Reports Second Quarter 2025 Results
Freightos Limited, a leading digital booking and payment platform for the international freight industry, reported a 31% year-over-year revenue increase for the second quarter of 2025, surpassing management expectations. The company has updated its full-year outlook, reflecting confidence in sustained growth despite global trade uncertainties. Freightos CEO, Zvi Schreiber, emphasized the companys resilience and strategic adaptability, while CFO Pablo Pinillos noted that currency fluctuations might impact Adjusted EBITDA but not the cash position due to effective hedging. The company aims to reach breakeven Adjusted EBITDA by the end of 2026, with a strong focus on financial discipline and strategic growth.
growth-negative
Container rates unmoved by latest tariff deadline
The article discusses the current state of freight markets in response to recent trade announcements and tariff impositions. Despite previous urgency in shipping goods to avoid tariffs, there is now a lack of urgency ahead of the August 7 deadline set by President Trump. Trans-Pacific container rates have remained stable, with slight decreases in some areas. East Coast rates have dropped, while trans-Atlantic rates remain stable. Factors such as congestion and blank sailings are affecting eastbound volumes from China. Rates from Indonesia have increased due to a new tariff. A potential rebound in trans-Pacific demand is possible due to a 90-day tariff extension for China, but it is unlikely to reach previous peak levels.
growth-positive
Freightos Expands Board of Directors, Adding Rotem Hershko and Appointing Udo Lange as Chairman
Freightos, a leading global freight booking and payment platform, announced significant changes in its board of directors. Udo Lange, with extensive logistics leadership experience, has been appointed as Non-Executive Chairman, while Rotem Hershko, with a strong background in platform and logistics from Amazon and Maersk, joins as a Director. These appointments aim to strengthen Freightos digital freight vision and support its mission to enhance global trade efficiency. The company has recently acquired Shipsta and launched Freightos Enterprise, reinforcing its position as a key innovator in digital logistics. These strategic moves are expected to drive further growth and innovation in the logistics sector.
Management ChangesAcquisition
growth-positive
/PRNewswire/ -- Freightos (NASDAQ: CRGO), the leading vendor-neutral global freight booking and payment platform, today announced that Udo Lange, who joined...
Freightos, a leading global freight booking and payment platform, has announced significant changes in its board of directors with the appointment of Udo Lange as Non-Executive Chairman and Rotem Hershko as a Director, effective July 28, 2025. These appointments are expected to strengthen Freightos digital freight vision. Lange brings extensive logistics experience, while Hershko offers a unique perspective from his roles at Amazon and Maersk. Freightos has also made a strategic acquisition of Shipsta and launched Freightos Enterprise, reinforcing its position as a key innovator in digital logistics. The company continues to expand its customer base, including forwarders, airlines, and multinational BCOs, and reports an annualized run rate of over 1.5 million platform transactions.
Management ChangesAcquisitionCustomers
growth-positive
Paypal (PYPL) Beats Q2 Earnings and Revenue Estimates
Paypal reported quarterly earnings of $1.4 per share, surpassing the Zacks Consensus Estimate of $1.3 per share, marking a 7.69% earnings surprise. The companys revenue for the quarter was $8.29 billion, exceeding expectations by 2.26%. Despite underperforming the market with an 8.4% share loss since the start of the year, Paypals earnings outlook remains positive, with a Zacks Rank #2 (Buy) indicating potential market outperformance. The companys consistent earnings surprises over the past four quarters suggest a strong correlation between stock movements and earnings estimate revisions.
growth-positive
Undervalued Opportunities Penny Stocks To Watch In July 2025
Freightos Limited, a company with a market cap of $150.13 million, is expanding its partnerships and digital capabilities in the penny stock market. Recent collaborations with SEKO Logistics and Forward Air Corporation have enhanced its platforms reach in freight booking and management. Despite being unprofitable with a negative return on equity, Freightos has no debt and a sufficient cash runway for over three years. Revenue is projected to grow by 21.12% annually, although earnings have declined by 1.5% per year over the past five years. The company is navigating the penny stock landscape with a focus on growth through partnerships.
Partners
growth-positive
SriLankan Cargo Joins Freightos: New Digital Bridge to South Asian Markets
Freightos, a digital booking and payment platform for the international freight industry, has announced a partnership with SriLankan Cargo, the air freight arm of SriLankan Airlines. This collaboration will enable over 10,000 freight forwarding offices using WebCargo to access, quote, book, and pay for SriLankans air freight capacity. The integration is set to enhance Freightos presence in South Asia, particularly in Colombo, a key transshipment hub. The partnership aims to democratize access to air cargo capacity, especially for SME forwarders in emerging markets, and enhance existing partnerships with major carriers like Qatar Airways and Emirates SkyCargo.
Partners
growth-positive
/PRNewswire/ -- Freightos (NASDAQ: CRGO), the leading digital booking and payment platform for the international freight industry, today announced that...
Freightos, a leading digital booking and payment platform for the international freight industry, has announced a partnership with SriLankan Cargo, the air freight arm of SriLankan Airlines. This partnership will enable over 10,000 freight forwarding offices using WebCargo to access, quote, book, and pay for SriLankans air freight capacity. The integration strengthens Freightos presence in South Asia and provides digital access to Colombo, a key transshipment hub. The collaboration also expands market participation through WebCargo Pay, allowing non-IATA forwarders to access SriLankan Cargos capacity without needing airline credit lines or bank guarantees. This partnership is expected to go live later this quarter.
PartnersCustomers
growth-positive
/PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), the leading digital freight booking and payment platform for the international freight industry, today...
Freightos Limited, a leading digital freight booking and payment platform, reported strong preliminary performance indicators for Q2 2025, with significant growth in transactions and gross booking value (GBV). The company achieved 397,000 transactions, a 26% year-over-year increase, and a GBV of $317 million, a 56% increase. Freightos expanded its network to 75 carriers, including China Airlines and Air Europa, and saw a 6% increase in unique buyer users. The company is set to report full financial results on August 18, 2025. Freightos continues to enhance its platform, providing critical solutions for the global freight logistics sector amid trade challenges.
CustomersPartnersPublic Trading
growth-positive
Freightos Reports KPIs with Record Transactions for Second Quarter of 2025
Freightos Limited, a leading digital freight booking and payment platform, reported strong preliminary performance indicators for Q2 2025. The company achieved a 26% year-over-year growth in transactions, surpassing management expectations with 397,000 transactions. Gross Booking Value (GBV) also increased by 56% year-over-year to $317 million. Freightos expanded its network to 75 carriers, including new partners China Airlines and Air Europa, and saw a 6% growth in unique buyer users. This robust performance underscores Freightos critical role in providing liquidity and adaptability in the global freight logistics sector amid ongoing trade challenges. The company plans to report full financial results on August 18, 2025.
CustomersPartners
growth-negative
Tariff pauses ‘unlikely’ to halt tumbling trans-Pacific rates: Freightos
The article discusses the impact of U.S. tariff strategies on global shipping, particularly focusing on the effects on ocean freight rates. Freightos, a data contributor, reports significant fluctuations in shipping rates, with a notable decline in Asia-U.S. West and East Coast rates. The U.S. has extended the pause on reciprocal tariff rollouts, providing temporary relief from tariff hikes. However, this has led to a slump in U.S. ocean imports and a decrease in trans-Pacific container rates. Carriers are strategically reducing capacity to stabilize market conditions amidst falling demand and rates.
growth-positive
SEKO Logistics Taps Freightos Integration to Scale Global Air and Ground Quoting and Booking
Freightos, a leading digital freight booking and payment platform, has expanded its partnership with SEKO Logistics. This expansion involves scaling the use of Freightos 7LFreight and WebCargo solutions to unify air and ground rate management and booking across SEKOs international network. The integration aims to streamline operations, improve quoting accuracy, and enhance customer service by providing real-time visibility and standardized workflows. This partnership supports SEKOs digital transformation and addresses the growing demand for efficient, transparent, and multimodal logistics solutions.
Partners
growth-positive
/PRNewswire/ -- Freightos (Nasdaq: CRGO), the leading digital freight booking and payment platform, announced that SEKO Logistics, the leader in end-to-end...
Freightos, a leading digital freight booking and payment platform, has expanded its partnership with SEKO Logistics. This collaboration enhances SEKOs digital transformation by integrating Freightos 7LFreight and WebCargo solutions into SEKOs global operations. The integration aims to unify air and ground rate management and booking, providing real-time visibility and streamlining access to carrier rates. This partnership is expected to improve operational efficiency, speed, and accuracy in SEKOs logistics processes, meeting the rising demand for fast and transparent solutions in the logistics industry. The expanded partnership is seen as a significant step in SEKOs digital evolution and Freightos commitment to simplifying complexity in freight forwarding.
Partners
growth-negative
June 2025's Top Penny Stocks To Consider
Barfresh Food Group, Inc., a manufacturer and distributor of ready-to-drink and ready-to-blend frozen beverages, has been added to several indices, including the Russell 3000E and Microcap Growth Indexes. This inclusion may increase its visibility among investors. Despite being unprofitable with a negative return on equity, the company has improved its financial health by reducing its debt-to-equity ratio and maintaining more cash than total debt. However, it faces challenges with less than a year of cash runway based on current free cash flow trends. Revenue is forecasted to grow at 37.57% annually, but recent quarterly results showed increased sales alongside higher net losses.
growth-negative
Ocean spot rates cool in June as demand wanes, experts say
The article discusses the cooling of ocean spot rates from Asia to North America, particularly to the U.S. West Coast, due to a decrease in demand for U.S.-bound cargo. This decline follows a period of frontloading by shippers in response to fluctuating U.S. tariffs. While rates to the East Coast have slightly increased, the overall trend is a downturn in spot rates, especially as carriers added capacity in response to higher tariffs. The article highlights the potential for further rate declines due to a weakening supply-demand balance and the impact of legal challenges to tariffs. SEKO Logistics senior director, Clint Dvorak, notes that demand is expected to dip after the recent surge, with significant volume declines forecasted for the coming months.
growth-positive
Q2 Virtual Investor Summit: Presentations Available Now
TEN Holdings Inc. is developing a new SaaS platform aimed at streamlining and scaling virtual and hybrid events for enterprise clients. The company is also pursuing a roll-up strategy to acquire complementary event tech and service companies, aiming to build a market-leading, all-in-one solution. This strategic focus indicates a growth-positive impact on the company as it expands its offerings and market presence. The Investor Summit provided a platform for TEN Holdings to present its innovations and future plans to potential investors and partners.
AcquisitionProduct Stage
growth-negative
The Surge in Ocean Shipping Rates Is Peaking
The article discusses the recent peak in ocean shipping rates, which are now starting to decline. This decrease in rates is expected to benefit retailers and manufacturers by reducing import costs to the U.S. West Coast during the summer. The article implies a negative impact on shipping companies like CRGO, as lower rates could lead to reduced revenue. The focus is on the economic implications of changing shipping costs, particularly for businesses reliant on imports.
growth-positive
/PRNewswire/ -- Freightos (Nasdaq: CRGO), the leading digital freight booking and payment platform, and Forward Air Corporation (Nasdaq: FWRD), known as...
Freightos, a leading digital freight booking platform, has expanded its collaboration with Forward Air Corporation to enable freight forwarders to book less-than-truckload (LTL) and linehaul trucking services through the 7LFreight by WebCargo platform. This partnership enhances Freightos capabilities by integrating Forwards extensive ground transportation network, which covers 96% of U.S. ZIP codes. The collaboration aims to streamline logistics processes for shared customers, offering faster and more accurate bookings. This integration is part of Freightos broader strategy to support various transaction types and stages, enhancing the efficiency of global freight management. The service is initially available on 7LFreight, with plans to expand across the Freightos platform.
PartnersCustomers
growth-positive
Freightos CEO Zvi Schreiber to Present at the Investor Summit Virtual on June 10, 2025
Freightos Limited, a leading global freight booking platform, announced that its CEO, Zvi Schreiber, will present at the Investor Summit Virtual on June 10, 2025. Freightos, listed on NASDAQ as CRGO, connects airlines, ocean carriers, freight forwarders, and importers/exporters, digitizing the international freight industry. The platform offers various products, including Freightos Enterprise, Freightos Marketplace, WebCargo, and Clearit, serving different segments of the freight industry. The Investor Summit is an exclusive event for investors interested in small and microcap stocks, providing an opportunity to engage with management from attractive small companies. The event is sponsored by Access Newswire, PCG Advisory, QuoteMedia, AGP, and MZ Group.
growth-positive
Freightos Looks To Scale Platform Transactions with Forward Air Corporation Partnership
Freightos, a leading digital freight booking and payment platform, has expanded its collaboration with Forward Air Corporation to enable freight forwarders to book less-than-truckload (LTL) and linehaul trucking through the 7LFreight by WebCargo platform. This partnership integrates Forwards extensive network into Freightos, allowing for seamless door-to-door, airport-to-door, and door-to-airport trucking services. The collaboration enhances Freightos growth strategy by supporting more transaction types and stages, from price discovery to final-mile delivery. The service is initially available on 7LFreight, with plans to expand across the broader Freightos platform, offering hundreds of mutual customers a more connected and efficient experience.
PartnersCustomers
growth-positive
China Airlines Launches Digital Booking on WebCargo by Freightos®, Digitalizing Key Global Trade Lanes
Freightos, a leading digital freight booking and payment platform, has announced a partnership with China Airlines, a top-15 air cargo carrier. This collaboration will enable thousands of freight forwarders to access China Airlines rates, capacity, and eBookings through Freightos WebCargo and 7LFreight platforms. The integration aims to provide instant digital pricing and booking on critical Asia-Europe-Americas routes, enhancing agility amid tariff uncertainties. The initial rollout will cover major hubs in the US, Canada, Germany, Luxembourg, the Netherlands, Japan, and several Asian countries. Future phases will include WebCargo Pay for streamlined booking and payment processes. This partnership is part of China Airlines digital transformation strategy to better serve forwarder partners and meet customer expectations in a digital-first world.
PartnersCustomers
growth-positive
/PRNewswire/ -- Freightos (NASDAQ: CRGO), the leading digital freight booking and payment platform for the international freight industry, today announced that...
Freightos, a leading digital freight booking and payment platform, has announced a partnership with China Airlines, a top-15 air cargo carrier. This integration will allow thousands of freight forwarders to access China Airlines rates, capacity, and eBookings through Freightos WebCargo and 7LFreight platforms. The collaboration aims to enhance digital transformation in the air cargo industry by providing real-time access to booking and payment solutions. This move is expected to improve agility and efficiency in global trade, especially on critical Asia-Europe-Americas routes. The initial rollout will cover major hubs in the US, Canada, Germany, Luxembourg, the Netherlands, Japan, and several Asian countries.
PartnersCustomers
growth-positive
Discover May 2025's Top Penny Stocks
CPS Technologies Corporation, a company with a market cap of $42.42 million, is showing signs of growth despite its status as a penny stock. The company operates in sectors such as transportation, automotive, energy, and defense, with a focus on advanced material solutions. Recent financial reports indicate an improvement, with first-quarter revenue rising to $7.51 million and achieving a net income of $0.096 million, reversing the previous years loss. The companys strategic focus on innovation is highlighted by multiple U.S. Army contracts aimed at advancing military vehicle technology and radiation shielding materials development. These developments suggest potential for future revenue growth, despite current unprofitability and a 32% annual decline in earnings over the past five years.
growth-positive
Freightos Ltd (CRGO) Q1 2025 Earnings Call Highlights: Record Transactions and Strategic ...
Freightos Ltd reported record revenues and a 21st consecutive quarter of record transactions, with a 25% increase in Q1 transactions compared to the previous year. The company added 4 new carriers, bringing the total to 71, and launched a new Enterprise SaaS solution, creating new sales opportunities. Despite a dip in China-US transactions due to tariffs, the company remains optimistic about long-term growth. Freightos is cautious about M&A activities to focus on profitability. A new US trucking partnership is expected to enhance service offerings and attract more customers over time.
CustomersPartnersProduct Stage
growth-positive
Freightos First Quarter 2025 Earnings: US$0.09 loss per share (vs US$0.096 loss in 1Q 2024)
Freightos reported a revenue increase of 30% from the first quarter of 2024, reaching US$6.95 million. The companys net loss narrowed by 2.5% to US$4.50 million, with a loss per share improving to US$0.09. The companys shares have risen by 15% over the past week. Looking ahead, Freightos is expected to grow its revenue by 21% annually over the next three years, significantly outpacing the US logistics industrys forecasted growth of 2.8%. Despite the positive financial performance, two warning signs have been identified for Freightos, one of which is concerning.
growth-positive
/PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), the leading vendor-neutral digital booking and payment platform for the international freight industry, today...
Freightos Limited reported a 30% year-over-year increase in first-quarter revenue, reaching $6.9 million, exceeding management expectations. The company continues to lead the digital transformation of global freight with its vendor-neutral digital booking and payment platform. The launch of the Freightos Enterprise Suite and the acquisition of Shipsta have contributed to this growth. Despite global trade uncertainties, Freightos platform remains valuable, helping customers navigate complexities through digitalization. The company achieved a record 370.9 thousand transactions, with carrier growth and an increase in unique buyer users. Freightos maintains a strong financial outlook for 2025, with plans to continue investing in growth opportunities.
Product StageCustomersPartnersAcquisition
growth-positive
Sidoti Events, LLC's Virtual May Micro-Cap Conference
Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, is hosting a two-day May Micro-Cap Conference on May 21-22, 2025. The conference will feature presentations from various companies, focusing on small and micro-cap firms. Sidoti Events benefits from Sidotis extensive experience and connections in the securities research industry, particularly with small and micro-cap companies. The event aims to provide a platform for meaningful interaction between issuers and investors, leveraging Sidotis network of 2,500 institutional relationships in North America. The conference is part of Sidotis strategy to expand its rapidly growing conference business.
growth-positive
Freightos Reports First Quarter 2025 Results
Freightos Limited, a leading digital booking and payment platform for international freight, reported a 30% year-over-year revenue increase for the first quarter of 2025, exceeding management expectations. The company launched the Freightos Enterprise Suite, enhancing its digital solutions for large importers and exporters. Despite uncertainties in global trade due to recent tariff announcements, Freightos platform remains valuable, offering enhanced visibility and agility. The company maintains a strong balance sheet with $36.4 million in cash and cash equivalents, positioning it well to navigate potential trade policy changes and economic uncertainties. Freightos also highlighted its acquisition of Shipsta, which contributed to its comprehensive digital offerings.
AcquisitionPublic Trading
growth-positive
Freightos Schedules Earnings Release and Conference Call for May 20, 2025
Freightos Limited, a leading vendor-neutral booking and payment platform for the international freight industry, is set to report its Q1 2025 financial results on May 20, 2025. The company will host a webcast and conference call to discuss the results. Freightos connects airlines, ocean carriers, freight forwarders, and importers/exporters, digitizing the trillion-dollar international freight industry. The platform offers a suite of software solutions for pricing, quoting, booking, shipment management, and payments. Freightos also provides real-time industry data through its Freightos Terminal, including leading spot pricing indexes. The event is expected to have a growth-positive impact on the company.
growth-positive
/PRNewswire/ -- Freightos (NASDAQ: CRGO), the world's leading digital freight booking and payment platform, today launched Freightos Enterprise, an integrated...
Freightos, a leading digital freight booking and payment platform, has launched Freightos Enterprise, a logistics procurement suite designed for large importers and exporters. This platform integrates various aspects of global freight procurement, offering market intelligence and digital connectivity to streamline processes. The suite includes modules for automated RFQs, rate comparison, booking, and real-time market intelligence. The launch is timely, addressing current industry challenges such as trade uncertainties and volatile rates. Customers have reported significant reductions in freight spend and email communications, as well as improved visibility and efficiency. The platform is available immediately with flexible implementation options. Freightos recently acquired Shipsta, which forms the basis for the Procure module.
Product StageAcquisitionCustomers
growth-positive
Freightos Unveils Enterprise Suite, Creating First End-to-End Global Freight Procurement Platform
Freightos, a leading digital freight booking and payment platform, has launched Freightos Enterprise, a comprehensive logistics procurement suite designed for large importers and exporters. This platform integrates various aspects of global freight procurement, rate benchmarking, and shipment execution, addressing the fragmented nature of the industry. The launch follows Freightos acquisition of Shipsta, which enhances its procurement capabilities. Freightos Enterprise aims to streamline logistics operations by offering automated RFQs, tender management, and real-time market intelligence, ultimately reducing costs and improving supply chain reliability. This development is expected to positively impact Freightos by enhancing its service offerings and market position.
Product StageAcquisition
growth-positive
/PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported...
Freightos Limited, a leading digital freight booking platform, reported strong growth in Q1 2025, with a 25% year-over-year increase in transactions and a 43% rise in Gross Booking Value (GBV). The company expanded its network to 71 carriers and saw a 10% growth in unique buyer users. Despite potential tariff impacts, Freightos remains optimistic about the vast growth opportunities in the digital freight industry. The company plans to release its full financial results in May 2025. Freightos continues to lead in digital transformation, providing a platform that enhances global trade efficiency.
CustomersPublic Trading
growth-positive
Freightos Reports Record Transactions for the First Quarter of 2025
Freightos Limited, a leading digital freight booking platform, reported strong growth in Q1 2025, with a 25% year-over-year increase in transactions and a 43% rise in Gross Booking Value (GBV). The company facilitated 371,000 transactions, surpassing managements expectations and marking the 21st consecutive quarter of record transactions. Freightos expanded its network to 71 carriers and saw a 10% increase in unique buyer users, highlighting the platforms robust network effects. Despite potential tariff impacts, Freightos remains optimistic about its growth prospects, emphasizing the significant opportunity in digitalizing international freight services.
Customers
growth-positive
Air Europa Joins WebCargo by Freightos' Platform, Expanding Digital Air Cargo Access in European and Latin American Markets
Freightos, a leading digital freight booking and payment platform, has announced a partnership with Air Europa, a prominent Spanish airline. This collaboration enhances Freightos WebCargo platform by integrating Air Europas extensive network, particularly strengthening the Spain-Latin America trade lanes. The partnership allows freight forwarders instant access to Air Europas routes, offering improved supply chain resilience and efficiency. Air Europas commitment to digital optimization aligns with Freightos strategy, providing real-time capacity and pricing visibility, and streamlining booking processes. This move marks a significant milestone in the digital transformation of air cargo in the Spanish and Latin American markets.
Partners
growth-positive
Freightos Files Annual Report on Form 20-F for the Year Ended December 31, 2024
Freightos Limited, a leading digital booking and payment platform for the international freight industry, has filed its annual report on Form 20-F for the fiscal year ending December 31, 2024, with the U.S. Securities and Exchange Commission. The report, which includes audited financial statements, is accessible on the SECs website and Freightos investor relations site. Freightos connects airlines, ocean carriers, freight forwarders, and importers/exporters, enhancing global trade efficiency. The platform offers various software solutions for pricing, booking, shipment management, and payments, along with real-time industry data through Freightos Terminal. This announcement is likely to have a growth-positive impact on the company.
growth-positive
/PRNewswire/ -- Freightos Limited (NASDAQ: CRGO) ("Freightos" or the "Company"), the leading vendor-neutral digital booking and payment platform for the...
Freightos Limited, a leading vendor-neutral digital booking and payment platform for the international freight industry, has announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2024, with the U.S. Securities and Exchange Commission. The report, which includes audited financial statements, is accessible via the SECs website and Freightos investor relations website. Freightos connects airlines, ocean carriers, freight forwarders, and importers/exporters, digitalizing the global freight industry with a suite of software solutions. The platform supports pricing, quoting, booking, shipment management, and payments, and provides real-time industry data through Freightos Terminal.
growth-positive
Freightos Full Year 2024 Earnings: US$0.46 loss per share (vs US$1.47 loss in FY 2023)
Freightos reported a revenue of US$23.8 million, marking a 17% increase from FY 2023, and a net loss of US$22.5 million, which is a 66% improvement from the previous fiscal year. The companys loss per share improved from US$1.47 to US$0.46. Freightos shares have risen by 12% over the past week. Looking forward, the company is expected to grow its revenue by 21% annually over the next three years, significantly outpacing the US logistics industrys forecasted growth of 3.3%. Despite the positive financial outlook, there are two warning signs for potential investors to consider.
growth-positive
Freightos And 2 Other Penny Stocks Worth Watching
Freightos Limited, a company operating a vendor-neutral booking and payment platform for international freight, has shown promising growth potential. With a market cap of $123.89 million, the company reported an increase in fourth-quarter sales to $6.59 million from $5.26 million the previous year. Despite a net loss increase to $9.84 million, Freightos forecasts 2025 revenue between $29-30.6 million and remains debt-free. Recent strategic partnerships with Norwegian Cargo and WestJet Cargo are expected to enhance its digital freight platforms reach. A new CFO appointment may drive financial discipline amid ongoing losses and high share price volatility.
PartnersManagement Changes
growth-positive
/PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), the leading vendor-neutral digital booking and payment platform for the international freight industry, today...
Freightos Limited reported a significant increase in revenue and transactions for the fourth quarter and full year of 2024. The company achieved a 25% year-on-year revenue growth in Q4, marking its highest growth rate since going public. Freightos continues to expand its digital freight platform, adding new carriers such as CMA CGM AIR CARGO, Norwegian Cargo, and WestJet Cargo. The company is also focusing on AI adoption and product launches to drive future growth. Despite an IFRS loss of $9.8 million in Q4, Freightos improved its adjusted EBITDA and gross margins. The company announced the appointment of Pablo Pinillos as the new CFO.
Management ChangesPartners
growth-positive
Freightos Reports Fourth Quarter and Full Year 2024 Results
Freightos Limited reported a significant increase in revenue for the fourth quarter and full year of 2024, marking a 25% year-on-year growth in the fourth quarter and a 17% increase for the full year. The company, which operates a digital booking and payment platform for the freight industry, is experiencing its highest growth rate since going public. Freightos is focusing on digital transformation and AI adoption, aiming for breakeven by the end of 2026. The company also announced a new CFO, Pablo Pinillos, to support its vision for a more connected global freight industry. Despite a loss of $9.8 million in the fourth quarter, the companys gross margins have improved, and it holds $37.3 million in cash and equivalents.
Public TradingManagement Changes
/PRNewswire/ -- Freightos (Nasdaq: CRGO), the world's leading digital freight booking and payment platform, today announced the launch of the Freightos Index...
growth-positive
Freightos® Introduces Index Linking for Freight Contracts, Bringing Global Trade to the Digital Age
Freightos, a leading digital freight booking and payment platform, has launched the Freightos Index Linking Toolkit within its Freightos Terminal market intelligence solution. This toolkit facilitates dynamic contract pricing that adjusts to market changes, enhancing freight rate management. The index-linking approach is gaining traction in containerized shipping and air cargo, offering a resilient and efficient method for managing freight contracts. By aligning rates with market conditions, it minimizes contract renegotiations and ensures competitive pricing. The toolkit leverages Freightos Baltic Index and Air Index, providing a robust foundation for adaptive pricing models. This innovation represents Freightos commitment to digital transformation in global trade.
growth-positive
Freightos Leads 3 Prominent US Penny Stocks
As of February 2025, the U.S. stock market is performing well, with major indexes like the S&P 500 posting gains. Penny stocks remain an attractive investment area, offering growth potential at lower price points. Freightos Limited, a company in the international freight booking sector, shows promise despite being currently unprofitable. It has a market cap of $203.85 million and is expected to grow its revenue by 22.17% annually. The company is debt-free and has a cash runway for over three years. Recent strategic partnerships with Norwegian Cargo and WestJet Cargo are expected to enhance its digital booking capabilities and expand its market reach. However, the stocks high volatility may pose risks to investors seeking stability.
Partners
growth-positive
Freightos Appoints Pablo Pinillos as Chief Financial Officer
Freightos Limited, a leading digital booking and payment platform for the international freight industry, has appointed Pablo Pinillos as Chief Financial Officer, effective March 1, 2025. Pinillos brings over 20 years of global leadership experience in finance, strategy, and operations, having previously served as CFO at Coincover and Bitrise. His expertise in scaling high-growth tech companies and driving operational efficiency is expected to propel Freightos forward as it continues to digitalize the international freight industry. The appointment is seen as a strategic move to enhance the companys growth and operational excellence.
Management Changes
growth-positive
/PRNewswire/ -- February 4, 2025 - Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral digital booking and payment platform for the international...
Freightos Limited, a leading digital booking and payment platform for international freight, announced the appointment of Pablo Pinillos as Chief Financial Officer, effective March 1, 2025. Pinillos brings over 20 years of global leadership experience in finance, strategy, and operations, having previously served as CFO at Coincover and Bitrise. His expertise in scaling high-growth tech companies and aligning financial strategies is expected to propel Freightos forward. The company aims to continue its growth and digitalization of the international freight industry, enhancing operational efficiency and stakeholder value. Freightos connects airlines, ocean carriers, freight forwarders, and importers/exporters, offering a suite of software solutions for pricing, booking, and shipment management.
Management Changes
growth-positive
Freightos Welcomes CMA CGM AIR CARGO to Its Platforms With Key Tradelanes Capacity
Freightos Limited, a global freight booking and payment platform, has announced a partnership with CMA CGM AIR CARGO, a division of the CMA CGM Group. This collaboration integrates CMA CGM AIR CARGOs global air freight network into Freightoss WebCargo and 7LFreight platforms, allowing forwarders to access real-time rates and book cargo on key trade lanes. The partnership aims to enhance flexibility and scalability in the supply chain, offering a seamless digital booking experience for forwarders. This move is expected to streamline logistics for customers across major trade hubs in Europe, North America, and Asia.
Partners
growth-positive
/PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading global freight booking and payment platform, today announced the addition of CMA CGM AIR CARGO, a...
Freightos Limited, a global freight booking and payment platform, has announced a partnership with CMA CGM AIR CARGO, a division of CMA CGM Group. This collaboration integrates CMA CGM AIR CARGOs global air freight network into Freightoss WebCargo and 7LFreight platforms, allowing forwarders to access real-time rates and book cargo on key trade lanes. This partnership aims to enhance flexibility and scalability in the post-COVID supply chain environment, addressing ongoing disruptions and the need for reliable freight solutions. The partnership was launched on January 30, offering expanded capacity across major trade hubs in Europe, North America, and Asia.
Partners
growth-positive
/PRNewswire/ -- Freightos (NASDAQ: CRGO), a leading vendor-neutral booking and payment platform for the international freight industry, announced today that...
Freightos, a leading vendor-neutral booking and payment platform for the international freight industry, has announced a partnership with Norwegian Cargo and Euro Cargo Aviation. This collaboration marks Norwegian Cargos first integration into a digital booking platform, enhancing real-time eBooking capabilities for freight forwarders. The partnership aims to streamline the booking process and expand access to Norwegian Cargos extensive network, which connects European airports to Nordic countries and other intercontinental routes. This move is part of Freightos commitment to digitalizing the air cargo industry, as evidenced by a significant increase in booking volumes in the UK. The partnership is expected to deliver greater value to the 10,000+ freight forwarder offices using Freightos platform.
Partners
growth-positive
Norwegian Cargo Selects WebCargo by Freightos for First Foray into Digital Air Cargo Booking Integration
Freightos, a leading global freight booking platform, has announced a partnership with Norwegian Cargo and Euro Cargo Aviation to integrate Norwegian Cargo into its WebCargo platform. This collaboration marks Norwegian Cargos first digital booking platform integration, enhancing real-time eBooking capabilities for freight forwarders. The partnership aims to streamline booking processes and expand access to Norwegian Cargos extensive network, which connects European airports to Nordic countries and intercontinental routes. The integration reflects the growing demand for digital solutions in the air cargo industry, with a notable increase in booking volumes in the UK. This partnership is expected to deliver significant value to the 10,000+ freight forwarder offices using WebCargo.
Partners
growth-positive
/PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading global freight booking and payment platform, today announced the addition of Canada's WestJet Cargo...
Freightos Limited, a global freight booking and payment platform, has announced a partnership with WestJet Cargo, integrating it into its WebCargo and 7LFreight platforms. This collaboration allows freight forwarders to access WestJet Cargos air freight network, offering real-time rates, eBookings, and online payments. The partnership expands WebCargos network, enhancing access to key tradelanes from Calgary to major international hubs like Tokyo, London, and Paris. This move is part of Freightos ongoing efforts to digitize the freight industry, supporting a 22% year-over-year increase in transactions. The collaboration is expected to improve efficiency and reliability in global trade logistics.
Partners
growth-positive
Canada's WestJet Cargo Joins Freightos' WebCargo and 7LFreight Platforms, Boosting Cargo Capacity in North America, Europe and Asia
Freightos Limited has announced a new partnership with WestJet Cargo, integrating it into its WebCargo and 7LFreight platforms. This collaboration allows freight forwarders to access WestJet Cargos air freight network, offering real-time rates, eBookings, and online payments. The partnership expands WebCargos network on key trade routes from Calgary to major international hubs like Tokyo, London, and Paris. This move enhances Freightos digital logistics solutions, supporting a 22% year-over-year increase in transactions. WestJet Cargo, part of the WestJet Group, brings extensive experience and a fleet of nearly 200 aircraft, providing services to over 100 destinations globally.
Partners
growth-positive
US Penny Stocks To Watch In January 2025
Freightos Limited, a company operating a vendor-neutral booking and payment platform for international freight, has shown promising revenue growth despite being unprofitable. The company reported a significant year-over-year revenue increase for Q3 2024 and has provided positive earnings guidance for Q4 2024. Freightos remains debt-free and has a strong cash runway exceeding three years. Strategic partnerships, such as the integration with e2opens TMS application, enhance its operational efficiency. The companys market cap stands at $162.88 million, and it is highlighted as a preferred stock in the penny stocks category.
Partners
growth-positive
Freightos Reports Record Transactions and Carrier Additions for Fourth Quarter of 2024
Freightos Limited, a leading booking and payment platform for the international freight industry, reported strong performance for Q4 2024 and FY 2024. The company achieved a 22% year-over-year growth in transactions, marking the 20th consecutive quarter of record transactions. Freightos expanded its carrier network to 67 carriers, the largest growth in a single quarter, and increased its unique buyer users by 14% to approximately 20,100. The Gross Booking Value (GBV) reached $280 million, reflecting a 50% year-over-year increase. The company plans to announce the hiring of a new CFO next month, indicating upcoming management changes.
CustomersManagement Changes
growth-positive
/PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported...
Freightos Limited, a leading vendor-neutral booking and payment platform for the international freight industry, reported preliminary key performance indicators for Q4 2024 and FY 2024. The company showcased continued growth in platform usage and network expansion, marking the 20th consecutive quarter of record transactions. Freightos facilitated 350,000 transactions in Q4 2024, a 22% year-over-year growth, and expanded its carrier network to 67 carriers. The Gross Booking Value (GBV) reached $280 million, reflecting a 50% year-over-year increase. The company plans to report full financial results on February 24, 2025, and expects to announce the hiring of a new CFO next month.
CustomersManagement Changes
growth-positive
Freightos, Swiss WorldCargo announce collaboration
Freightos and Swiss WorldCargo have announced a collaboration aimed at enhancing the digital booking experience for their customers. This partnership allows various Swiss WorldCargo products and services to be booked on Freightos WebCargo platform, offering real-time rate comparisons and eBooking capabilities. The collaboration leverages Swiss WorldCargos extensive long-haul connectivity across Asia-Pacific, the Americas, and Europe. This move underscores Swiss WorldCargos commitment to providing a seamless digital experience for its customers. The partnership is expected to positively impact Freightos by expanding its service offerings and enhancing customer satisfaction.
Partners
growth-positive
Swiss WorldCargo Expands its Digital Presence on WebCargo by Freightos
Swiss WorldCargo, the air freight division of SWISS, has partnered with Freightos Limited to enhance its customers digital booking experience. This collaboration allows Swiss WorldCargos products and services to be bookable on the WebCargo by Freightos platform, which offers real-time rate comparisons and eBooking. The partnership aims to improve options for care-intensive and specialized shipments, such as pharmaceuticals, by leveraging Swiss WorldCargos extensive network and Freightos digital capabilities. This move is part of Swiss WorldCargos strategy to expand its digital presence and connect with a global network of freight forwarders, enhancing its market presence with future-looking digital solutions.
Partners
growth-positive
/PRNewswire/ -- Swiss WorldCargo, the air freight division of SWISS, Switzerland's leading air carrier, and Freightos Limited (NASDAQ: CRGO), a leading...
Swiss WorldCargo, the air freight division of SWISS, has partnered with Freightos Limited to enhance its digital booking experience for customers. This collaboration allows Swiss WorldCargos products and services to be bookable on Freightos WebCargo platform, providing real-time rate comparisons and eBooking capabilities. The partnership aims to improve options for care-intensive and specialized shipments, such as pharmaceuticals, by leveraging Swiss WorldCargos extensive network and premium service. This move is part of Swiss WorldCargos strategy to expand its digital presence and connect with a global network of forwarders. The partnership is expected to enhance the companys market presence and customer experience.
Partners
growth-positive
Freightos And 2 Other Promising US Penny Stocks
Freightos Limited, a company with a market cap of $101.19 million, is highlighted in the context of U.S. penny stocks. Despite reporting a net loss of $2.72 million in Q3 2024, Freightos shows promising revenue growth, with sales of $6.19 million in Q3 and a forecast of up to $6.5 million for Q4 2024. The company maintains a strong cash position with no debt and has recently formed strategic partnerships, such as its integration with e2open, to enhance its platforms appeal in global logistics. These partnerships are expected to drive future revenue growth, despite current volatility and shareholder dilution concerns.
Partners
growth-positive
Freightos Third Quarter 2024 Earnings: US$0.056 loss per share (vs US$0.15 loss in 3Q 2023)
Freightos reported a revenue increase of 21% from the third quarter of 2023, reaching US$6.19 million. The companys net loss narrowed by 62% to US$2.72 million, with a loss per share improving from US$0.15 to US$0.056. The companys shares have risen by 15% over the past week. Looking forward, Freightos is expected to achieve an average annual revenue growth of 22% over the next three years, significantly outpacing the 4.6% growth forecast for the US logistics industry. The article highlights Freightos improved financial performance and positive growth outlook.
growth-negative
Freightos Ltd (CRGO) Q3 2024 Earnings Call Highlights: Record Transactions and Strategic ...
Freightos Ltd (NASDAQ:CRGO) reported a 26% increase in transactions and a 35% year-over-year growth in gross booking value, reaching $217.5 million for the quarter. The company integrated the Shipa tender procurement solution, enhancing cross-selling opportunities. Despite strong growth in transactional and subscription revenue, the company faces challenges such as the departure of CFO Ron, delayed carrier integrations, and the ongoing Red Sea crisis. The adjusted EBITDA guidance for Q4 is down due to the full consolidation of Shipa and increased staffing costs. Freightos plans to achieve positive adjusted EBITDA by the end of 2026. The company is still burning cash and faces challenges from elevated freight prices and geopolitical uncertainties.
CustomersManagement ChangesExpand
growth-positive
Freightos Reports Third Quarter 2024 Results: Revenue Up 21%, Record Since Going Public
Freightos Limited, a digital booking and payment platform for international freight, reported strong financial results for the third quarter of 2024. The company achieved record transactions and revenue, with a 21% increase in revenue compared to the same period in 2023. The addition of Shipsta has enhanced their solution portfolio and customer base. Freightos continues to innovate with AI-powered features, contributing to the digital transformation of the freight industry. The companys financial performance exceeded expectations, leading to an upward revision of their revenue and adjusted EBITDA guidance for the final quarter of 2024. Despite an operating loss, the company is on track to achieve positive adjusted EBITDA by the end of 2026.
growth-negative
Freightos Announces CFO Transition
Freightos Limited, a leading digital booking and payment platform for the international freight industry, announced that its Chief Financial Officer, Ran Shalev, will conclude his tenure effective December 31, 2024. Shalev has played a crucial role in the companys financial operations since 2016, overseeing its public listing on Nasdaq and multiple strategic acquisitions. His departure marks a significant change in the companys management, although he will assist with the transition throughout Q1. Freightos is currently searching for a successor to ensure continuity. The company is well-positioned for continued growth, with strong financial resources and a talented finance team. Freightos connects airlines, ocean carriers, freight forwarders, and importers/exporters, enhancing global trade efficiency through its digital platform.
Management Changes
growth-negative
/PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral digital booking and payment platform for the international freight industry, today...
Freightos Limited, a prominent digital booking and payment platform in the international freight industry, announced the departure of its Chief Financial Officer, Ran Shalev, effective December 31, 2024. Shalev, who has been with the company since 2016, played a crucial role in its financial operations, including its public listing on Nasdaq and several strategic acquisitions. His departure marks a significant change in the companys management, though he will assist with the transition throughout the first quarter of 2025. Freightos is actively searching for a successor to ensure continuity. The company remains well-positioned for growth, with strong financial resources and a talented finance team to maintain operations smoothly.
Management Changes
growth-positive
/PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral digital booking and payment platform for the international freight industry, today...
Freightos Limited reported strong financial results for Q3 2024, showcasing significant growth in transactions, revenue, and adjusted EBITDA. The companys revenue increased by 21% year-over-year, reaching $6.2 million, while the adjusted EBITDA improved from negative $4.1 million to negative $2.8 million. The integration of Shipsta, acquired in August, has bolstered Freightos solution portfolio and customer base. The platform saw a 26% increase in transactions and a 35% rise in Gross Booking Value. Freightos continues to expand its network, adding carriers like Qantas and Air India. The company anticipates further growth, with revenue and adjusted EBITDA guidance updated for Q4 2024. The event described in the article took place on November 25, 2024.
AcquisitionCustomers
growth-positive
/PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral booking and payment platform for international freight, today announced the official...
Freightos Limited, a leading global freight booking platform, has announced its integration with e2open, a top provider of connected supply chain software. This partnership embeds Freightos WebCargo air cargo eBooking into e2opens Transportation Management System (TMS), allowing forwarders to access dynamic air freight rates and bookings in real-time. The integration aims to streamline logistics processes, reduce manual entry, and enhance productivity for global logistics providers like Crane Worldwide Logistics. The collaboration is expected to make cargo booking more seamless and efficient, aligning with Freightos mission to digitalize international shipping. This partnership is seen as a significant step towards modernizing the freight industry, offering faster workflows and increased transparency.
Partners
growth-positive
FREIGHTOS AND E2OPEN COLLABORATE TO SIMPLIFY AIR CARGO BOOKINGS
Freightos Limited has announced the official launch of its integration with e2open, a leading provider of connected supply chain software. This partnership embeds Freightos WebCargo air cargo eBooking into e2opens Transportation Management System (TMS), allowing forwarders to access dynamic air freight rates and bookings in real-time. The integration aims to streamline logistics operations by reducing manual processes and improving speed and accuracy. Crane Worldwide Logistics, a global leader in supply chain solutions, is among the companies testing this new system. The collaboration is seen as a significant step in Freightos mission to digitalize international shipping, making it faster, more cost-effective, and transparent.
Partners
growth-positive
Sidoti Events, LLC's Virtual November Micro-Cap Conference
Sidoti & Company, LLC, through its affiliate Sidoti Events, LLC, is hosting a two-day Micro-Cap Conference on November 13-14, 2024. The conference is part of Sidotis strategy to expand its conference business, leveraging its 25 years of experience in independent securities research focused on small and microcap companies. Sidotis coverage includes approximately 150 equities, with a significant portion participating in its Company Sponsored Research program. In 2024, Sidoti launched Lighthouse Equity Research to address the needs of companies not valued by traditional metrics. Sidoti Events benefits from Sidotis extensive network of 2,500 institutional relationships, providing a platform for small and microcap issuers to engage with interested investors.
growth-positive
Frieghtos to Present at Sidoti Virtual Investor Conference
Freightos Limited, a leading vendor-neutral booking and payment platform for international freight, announced that its Founder and CEO, Zvi Schreiber, will present at the Sidoti November Virtual Investor Conference on November 13-14, 2024. The event will include one-on-one meetings with investors, providing an opportunity for Freightos to engage with potential investors and financial professionals. The conference is organized by Sidoti Events, LLC, which focuses on small and microcap companies. Freightos connects airlines, ocean carriers, freight forwarders, and importers/exporters, enhancing global trade efficiency. The participation in the conference is expected to positively impact Freightos by increasing its visibility among investors.
Investment
growth-positive
3 US Penny Stocks Under $200M Market Cap To Consider
Freightos Limited, a company with a market cap of $65.24 million, operates a digital platform for freight booking and payment. Despite being unprofitable, the company shows potential with revenue from its Platform and Solutions segments. Recently, Freightos expanded its WebCargo platform by integrating Pacific Air Cargo, enhancing service routes to Hawaii and the Pacific Islands. The company has no debt and maintains a stable cash runway exceeding three years. While revenue forecasts indicate growth, ongoing losses highlight challenges in achieving profitability amidst industry competition.
ExpandPartners
growth-positive
Qantas Freight Joins Freightos, Expanding Trans-Pacific Capacity on Key US, Australia and New Zealand Routes
Freightos Limited, a vendor-neutral booking and payment platform for international freight, has announced a partnership with Qantas Freight, the cargo division of Qantas. This collaboration allows freight forwarders to book capacity across Freightos WebCargo and 7LFreight platforms for Qantas and Jetstar services between the US, Australia, and New Zealand. The partnership enhances Freightos platform by providing more options for instant rate quotes and bookings, streamlining operations for forwarders. With this addition, Freightos solidifies its position as a leading platform for air cargo bookings, representing nearly 70% of global air cargo capacity. The partnership is expected to drive digital transformation and efficiency in trans-Pacific trade.
Partners
growth-positive
/PRNewswire/ -- Freightos Limited (NASDAQ: CRGO) a leading, vendor-neutral booking and payment platform for the international freight industry, is proud to...
Freightos Limited, a leading booking and payment platform for the international freight industry, has announced a partnership with Qantas Freight, the cargo division of Australias national carrier. This collaboration allows freight forwarders to search, compare, and book capacity across Freightos WebCargo and 7LFreight platforms for Qantas and Jetstar services between the US, Australia, and New Zealand. The partnership aims to streamline operations with digital bookings and enhance capacity options for forwarders. This move is part of a broader transformation in the air cargo industry towards digital solutions, offering real-time booking and visibility. The addition of Qantas and Jetstar strengthens Freightos position as a leading platform for air cargo bookings, representing nearly 70% of global air cargo capacity.
Partners
growth-positive
Freightos Reports Record Transactions and Gross Booking Value for Third Quarter of 2024
Freightos Limited, a leading global freight booking platform, reported strong growth in Q3 2024, with significant increases in platform usage and network expansion. The company facilitated 339.1K transactions, marking a 26% year-over-year growth, surpassing managements expectations. The Gross Booking Value (GBV) reached $217.5M, a 35% increase from the previous year. Freightos expanded its carrier network to 55 carriers and saw a 14% increase in unique buyer users, reaching approximately 19,700. The companys digital solutions are playing a crucial role in transforming the freight industry, enhancing efficiency and connectivity. Freightos plans to report full financial results for Q3 2024 on November 25, 2024.
Customers
growth-positive
Freightos Announces Participation in the LD Micro Main Event XVII
Freightos, a leading digital booking and payment platform for the international freight industry, will present at the 17th annual LD Micro Main Event on October 29, 2024. The event, held at the Luxe Sunset Boulevard Hotel in Los Angeles, will feature around 150 companies. Freightos CEO, Dr. Zvi Schreiber, will highlight the companys role in transforming global freight, emphasizing its ability to scale and its position as a critical player in the logistics ecosystem. With over 1 million transactions on its platform in the past year, Freightos is focused on expanding its reach and monetization potential as digital adoption accelerates in the industry.
growth-positive
Freightos Second Quarter 2024 Earnings: US$0.11 loss per share (vs US$0.13 loss in 2Q 2023)
Freightos (NASDAQ:CRGO) reported its second quarter 2024 financial results, showing an 11% increase in revenue to US$5.66 million compared to the same period in 2023. The net loss narrowed by 16% to US$5.31 million, with a loss per share improving from US$0.13 to US$0.11. The company forecasts a 22% annual revenue growth over the next three years, significantly higher than the 5.2% growth forecast for the US logistics industry. The share price remained stable over the past week. The article also mentions three warning signs for the company, one of which is significant.
Public Trading
growth-positive
Freightos Expands Digital Air Cargo Offering with HNA Cargo, Boosting Capacity on Key Routes between Europe and Asia
Freightos (NASDAQ: CRGO) has announced a significant partnership with Hainan Airlines (HNA Cargo), a top five airline in China. This collaboration will expand the capacity available on Freightos WebCargo digital air cargo booking and payment platform, particularly in the Asia Pacific and Europe regions. With this addition, three out of Chinas four major air cargo carriers are now accessible on WebCargo, representing 65% of global capacity. The partnership will enable forwarders to seamlessly book and pay for shipments through a single interface, enhancing Freightos digital strategy and market reach. HNA Cargos extensive network will be integrated into WebCargo, providing forwarders with flexible air cargo solutions and real-time visibility into charges and invoices.
Partners
growth-positive
Pacific Air Cargo Joins Freightos' Platform, Expanding Digital Air Cargo Capacity to Hawaii and Pacific Islands
Freightos has announced the addition of Pacific Air Cargo to its WebCargo digital air cargo booking and payment platform. This partnership expands WebCargos capacity to include key routes from Los Angeles to Hawaii and the Pacific Islands. Pacific Air Cargo operates over 600 annual flights and transports more than 100 million pounds of cargo a year. The integration of Pacific Air Cargos network and specialized shipping capabilities will offer significant value to freight forwarders and shippers. For Pacific Air Cargo, this integration means greater exposure to a global network of forwarders, improved booking efficiency, and enhanced customer service capabilities.
PartnersExpand
growth-positive
Freightos Second Quarter 2024 Earnings: US$0.11 loss per share (vs US$0.13 loss in 2Q 2023)
Freightos has reported its second quarter 2024 results, showing an 11% increase in revenue to $5.66 million and a 16% narrowing of net loss to $5.31 million. The companys loss per share improved from $0.13 in 2Q 2023 to $0.11 in 2Q 2024. Looking ahead, Freightos revenue is forecast to grow 25% per annum on average over the next three years, compared to a 5.2% growth forecast for the US logistics industry. The companys shares are up 4.4% from a week ago.
Public Trading
growth-positive
Freightos Reports Second Quarter 2024 Results with Record Performance Across KPIs
Freightos Limited has reported its Q2 2024 financial results, which exceeded management expectations. The companys revenue for the quarter was $5.7 million, an 11% increase from the same period in 2023. The company also announced the acquisition of Shipsta, a freight tender procurement platform. This acquisition is expected to accelerate Freightos growth and help it achieve positive Adjusted EBITDA by the end of 2026. The companys platform has seen increased adoption in the international freight market, with a record 316.5 thousand transactions in Q2 2024.
AcquisitionCustomersInvestment
growth-positive
Freightos Acquires Shipsta, Expanding Comprehensive Digital Freight Procurement Solution
Freightos has announced the acquisition of Shipsta, a freight-tender procurement platform used by Global 1000 enterprises. The acquisition will expand Freightos existing industry-leading spot pricing, quoting, and booking capabilities by adding tender procurement. This will advance Freightos vision of comprehensive freight digitization and increase its total addressable market. The acquisition is expected to accelerate Freightos growth and support its financial goals of achieving positive Adjusted EBITDA by the end of 2026. Shipstas team will join Freightos and continue to lead product development, innovation, customer success, and go-to-market strategy.
AcquisitionCustomersInvestment
Growth-Negative
We're Hopeful That Freightos (NASDAQ:CRGO) Will Use Its Cash Wisely
Freightos, a company listed on NASDAQ, is under scrutiny due to its cash burn rate. The company spent $17m in the last year, leaving it with a cash reserve of $50m. This gives Freightos a cash runway of about 3 years, which is considered sufficient for business development. However, the companys cash burn relative to its market cap is a cause for concern. Freightos has a market capitalisation of $80m, meaning it burnt through 21% of its market value last year. If the company had to issue new shares to fund another years operations, shareholders could face significant dilution.
Investment
growth-positive
Freightos Posts New Records for Transactions and Gross Booking Value for Second Quarter of 2024
Freightos Limited, a leading platform for the international freight industry, reported preliminary Q2 2024 results, surpassing management expectations. The company facilitated 316.5 thousand transactions, representing a YoY growth of 32%, exceeding the long term target of 20-30% annual transaction growth rate. Gross Booking Value (GBV) for Q2 2024 grew 31% compared to the same quarter last year. Freightos expanded its Carrier network to 51 carriers, up from 37 in Q2 2023. The count of Unique Buyer Users rose to approximately 19 thousand, reflecting a 16% increase from Q2 last year. The companys financial results for Q2 2024 and outlook for the third quarter will be reported on August 19, 2024.
CustomersExpand
growth-positive
Coyne Airways becomes First Carrier to Offer Booking for Dangerous Goods on WebCargo by Freightos
WebCargo by Freightos, a digital booking and payment platform for the international freight industry, has announced a new partnership with Coyne Airways. This partnership will expand WebCargos reach in Africa, the Gulf, and the Caspian regions, providing forwarders and airline partners with real-time rates, booking, interline, and payment solutions. Coyne Airways, known for its air cargo logistics and services in hard-to-reach destinations, will be the first carrier to provide dangerous goods booking on WebCargos platform.
PartnersExpand
growth-positive
Freightos' WebCargo Announces Partnership with Thai Airways to Enhance Digital Air Cargo Services and Provide Innovative Payment Solutions
WebCargo by Freightos, a leading independent booking and payment platform for the international freight industry, has announced a new partnership with Thai Airways. Thai Airways will integrate its cargo capacities into WebCargos platform, offering real-time booking, pricing, and payment processes. The collaboration will initially leverage Thai Airways extensive network to freight forwarders in Australia, Japan, Thailand, and the UK. The partnership is expected to expand digital access to one of Asias largest air cargo networks and evolve how cargo bookings and payments are handled.
Partners
growth-positive
Freightos' WebCargo Announces Partnership with Thai Airways to Enhance Digital Air Cargo Services and Provide Innovative Payment Solutions
WebCargo by Freightos has announced a new partnership with Thai Airways. The collaboration will see Thai Airways integrate its cargo capacities into WebCargos platform, offering real-time booking, pricing, and payment processes. The initial phase will leverage Thai Airways extensive network to freight forwarders in Australia, Japan, Thailand, and the UK. The partnership is expected to expand digital access to one of Asias largest air cargo networks and evolve how cargo bookings and payments are handled.
PartnersExpand
Growth-Positive
Freightos First Quarter 2024 Earnings: US$0.096 loss per share (vs US$1.36 loss in 1Q 2023)
Freightos has reported its first quarter 2024 results, showing an 11% increase in revenue to $5.36m and a 91% narrowing of net loss to $4.62m. The companys loss per share also improved from $1.36 in 1Q 2023 to $0.096 in 1Q 2024. Looking ahead, Freightos revenue is forecast to grow 26% per annum on average over the next three years, compared to a 5.3% growth forecast for the US logistics industry. The companys shares have risen 5.1% over the past week.
Public Trading
growth-positive
Freightos Reports First Quarter 2024 Results with Double-digit Revenue Growth
Freightos Limited, a digital booking and payment platform for the international freight industry, reported strong financial results for Q1 2024, exceeding management expectations. The company saw an 11% increase in revenue compared to Q1 2023, reaching $5.4 million. Freightos also reported a record 295.6 thousand transactions in Q1 2024, a 29% increase year over year. The companys cash and equivalents balance of $50 million ensures sufficient resources to capture the massive market opportunity. Looking ahead, Freightos plans to continue focusing on the opportunities in the massive air and ocean freight markets.
CustomersInvestment
Growth-Positive
United Cargo Adds Capacity to WebCargo by Freightos' Booking Platform, Extending Cargo Sales Portal Capabilities
Freightos, a booking and payment platform for the international freight industry, is expanding its collaboration with United Cargo. The expansion involves United Cargo joining WebCargos digital cargo booking platform, which is developed by Freightos. This move will provide United Cargos customers with an additional online booking option, complementing its current website capabilities. United Cargo is currently active on the platform for customers in Belgium, France, Germany, the Netherlands, Switzerland, and the United Kingdom, with plans to expand availability to U.S. and Canadian customers later in May.
PartnersExpand
growth-positive
Singapore Airlines Taps WebCargo by Freightos to Expand Booking Options in Asia-Pacific's Busiest Hubs
WebCargo by Freightos, a leading booking and payment platform for the international freight industry, has announced that Singapore Airlines cargo capacity is now being offered on its platform. This partnership expands WebCargos reach in the Asia-Pacific region and provides its users with additional access to sought-after destinations. Digital bookings for shipments from Asia origins on WebCargo more than doubled between Q4 2022 and Q4 2023, indicating a strong appetite for digitalization in Asia. The partnership is expected to enhance the booking experience for thousands of freight forwarders.
PartnersExpand
Growth-Positive
Freightos Record Transactions and Gross Booking Value for First Quarter of 2024 Exceed Management Expectations
Freightos Limited, a leading booking and payment platform for the international freight industry, reported preliminary first quarter 2024 Key Performance Indicators. The company facilitated 295.6 thousand transactions, representing a year-over-year growth of 29%. Gross Booking Value (GBV) for Q1 2024 grew 14% compared to the same quarter last year, well above managements forecast of 0-2% growth. The count of Unique Buyer Users rose to approximately 18 thousand, reflecting the platforms success in continuously broadening the user base. The carrier network expanded to 49 carriers, up from 37 in Q1 last year.
CustomersExpand
Growth-Positive
Delta Cargo Partners with Freightos' WebCargo and 7LFreight to Offer Real-Time Digital Air Cargo Quotes and Bookings
WebCargo by Freightos, a booking and payment platform for the international freight industry, has announced a new collaboration with Delta Cargo. The partnership will enhance WebCargos offering to freight forwarders on its WebCargo and 7LFreight platforms by expanding access to real-time digital pricing and booking options for Delta Cargos U.S. export and U.S. domestic air cargo capacity. Delta Cargos general cargo products and tariff fares have been available for eBooking on WebCargo since 2020. The collaboration will also expand the products and services available for booking on the platforms.
PartnersExpand
growth-positive
Fits Cargo Partners with WebCargo by Freightos to Ignite Digital Sales
Freightos, a vendor-neutral booking and payment platform for the international freight industry, has announced a partnership with Fits Cargo, an innovative carrier that combines a physical airline operation and interline agreements with over 160 airlines. This partnership will allow Fits Cargo to extend its service across WebCargos extensive network of freight forwarders and airline carriers. Fits Cargo, based in Sri Lanka, flies over 4 million kilograms of air freight annually and has a direct presence in Dubai, India, Hong Kong, and the Maldives. The partnership will enable Fits Cargo to offer capacity on popular lanes on WebCargos platform.
PartnersExpand
Growth-Negative
Freightos Full Year 2023 Earnings: US$1.46 loss per share (vs US$4.25 loss in FY 2022)
Freightos has announced its full year 2023 results, revealing a revenue of US$20.3m, up 6.3% from FY 2022. However, the company also reported a net loss of US$65.5m, a 94% increase from the previous year. The companys shares are up 3.2% from a week ago. Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Logistics industry in the US.
Customers
growth-positive
Freightos Reports Fourth Quarter and Full-Year Results with Substantial Transaction Growth and Strong Financial Position
Freightos Limited, a digital booking and payment platform for the international freight industry, reported its financial results for Q4 and the full year of 2023. The company saw a full-year transaction growth of 53% and a year-end cash balance of $52 million. Revenue for Q4 2023 was $5.3 million, an 8% increase compared to Q4 2022. For the full year 2023, revenue was $20.3 million, a 6% increase compared to 2022. The company also reported a record 287 thousand transactions in Q4 2023, up 36% year over year.
Public TradingCustomers
growth-positive
Freightos Announces Board of Directors Change
Freightos Limited, a leading booking and payment platform for the international freight industry, announced a change in its board of directors. William Chin, Head of Commodities at the Singapore Exchange, stepped down from the board, and Carl Vine, Co-Head of Asia-Pacific Equity Investing at M&G Investments, was appointed in his place. Vine brings a wealth of experience and a proven track record in investing in innovative growth companies focused on disruptive technologies. He currently serves as a board member at Trieye and NoTraffic, and represents M&G Investments, the largest Freightos investor.
Management Changes
growth-positive
Virgin Atlantic Cargo Joins Freightos' WebCargo to Bring Air Cargo eBooking to Thousands of Freight Forwarders Globally
Freightos Limited, a vendor-neutral booking and payment platform for the international freight industry, has announced a partnership with Virgin Atlantic Cargo. The collaboration will combine Virgin Atlantic Cargos extensive network with WebCargos digital reach, providing more options for forwarders globally. Virgin Atlantic Cargo operates in 30 destinations across four continents, including key locations in the US, India, China, Nigeria, South Africa, and the Caribbean. The partnership will allow freight forwarders in over 10,000 offices worldwide to gain instant, digital access to Virgins vast network.
PartnersExpand
growth-positive
NAVIGATING TOMORROW: Japan Airlines Cargo Chooses WebCargo for Global Digital Expansion
WebCargo by Freightos, a digital booking and payment platform for the international freight industry, has announced a partnership with JALCARGO, the cargo arm of Japan Airlines. The partnership will allow freight forwarders using WebCargo to book for JALs air cargo capacity to Japan and other Asian countries from Japan, Europe, and the United Kingdom. The move is part of JALCARGOs digital transformation strategy and is expected to generate new business and provide clients with real-time rates on a platform that makes it easy to book and pay for cargo online.
PartnersExpand
growth-positive
Freightos Announces Record Transactions for Fourth Quarter of 2023 and Date of Fourth Quarter and Full Year Earnings Release
Freightos Limited, a leading international freight booking and payment platform, reported strong Q4 2023 performance with 286.9 thousand transactions, marking the 16th consecutive quarter of record transactions. This brought the full year transactions to over one million, exceeding management expectations. The 36% transaction growth from Q4 2022 reflects the ongoing digitalization of the global freight industry. The company also saw a 10% year-on-year increase in Gross Booking Value (GBV) in Q4 2023. The number of unique buyer users and sellers also increased during the quarter.
CustomersExpand
growth-positive
Shipment rates soar 4x after Red Sea attacks: CEO
Freightos CEO Zvi Schreiber has discussed the impact of recent attacks on vessels in the Red Sea on global shipping rates. The cost of shipping through the Red Sea has increased from $1,200 in November to $4,800 currently, a nearly 4x increase. The China-to-Europe corridor has been particularly affected, with ships now circumventing Africa, leading to increased costs and shipping timelines. The Panama Canal has also been affected by droughts, further impacting shipping to the US East Coast.
Customers
growth-positive
Freightos Limited to Present at the December 7th Virtual Investor Summit
Freightos Limited, a leading vendor-neutral booking and payment platform for international freight, announced it will be presenting at the virtual Investor Summit on December 7, 2023. The companys platform supports supply chain efficiency and agility by enabling real-time procurement of ocean and air shipping. Freightos.com is a premier digital international freight marketplace for importers and exporters. WebCargo by Freightos is a leading global freight platform connecting carriers and forwarders. Freightos is a Nasdaq-listed company trading under Nasdaq: CRGO.
Public Trading
growth-positive
Freightos Reports Third Quarter Results with Revenue Growth and Progress Toward Profitability
Freightos Limited, a digital booking and payment platform for the international freight industry, reported its Q3 2023 financial results, showing a 9% increase in revenue compared to Q3 2022. The company also reported a record 269,000 transactions in Q3 2023, a 40% increase year over year. The number of unique buyer users also grew by 16% compared to Q3 2022. The companys operational efficiency plan, launched in July, has yielded better than expected results, enhancing the companys financial standing. The companys CEO, Zvi Schreiber, expressed optimism about the ongoing digital transformation in the international freight market.
CustomersPartnersManagement Changes
Freightos Announces Record Transactions for Third Quarter of 2023 and Date of Third Quarter Earnings Release
growth-positive
Freightos' WebCargo Partners with Chapman Freeborn to Offer Extensive Global Capacity
WebCargo by Freightos, a digital booking and payment platform for the international freight industry, has announced a partnership with aircraft charter company Chapman Freeborn. The partnership will bring additional global capacity from Chapman Freeborns charter business to WebCargos platform, enabling seamless pricing, booking, and payment for thousands of freight forwarders worldwide. Chapman Freeborns capacity will be available on WebCargos platform from early October.
PartnersExpand
growth-positive
With its Fleet of CO2-Friendly 'Longships': Norse Atlantic Airways Partners with WebCargo by Freightos to Propel its First-Ever Digital Sales
Norse Atlantic Airways and WebCargo by Freightos have announced a partnership to offer the European based carriers capacities from the biggest European Union cities for instant eBooking and payment on WebCargo. Norse Atlantic will soon open up real-time booking for WebCargos thousands of forwarders on its flights to and from Europe to seven destinations in the US. Later this year, Norse plans to open capacity from London to Barbados and Jamaica, and from Oslo to Thailand, further expanding WebCargos footprint in Asia and the Caribbean.
PartnersExpand
growth-positive
Freightos Reports Second Quarter Results with Record Transactions and Improved Profitability
Freightos Limited, a digital booking and payment platform for the international freight industry, reported its financial results for Q2 2023. The company facilitated record transaction numbers and slightly increased platform revenue during the quarter. Despite depressed international freight rates and reduced industry volumes, Freightos growth was successful. The company also saw a 10% year-over-year growth in unique buyer users. Looking ahead, the company expects global freight rates to recover slightly in Q3. The company also implemented an operational efficiency plan in July, which is expected to improve profitability from Q3 onwards.
CustomersManagement Changes
growth-positive
Freightos Announces Record Transactions for Second Quarter of 2023 and Date of Second Quarter Earnings Release
Freightos Limited, a leading international freight booking and payment platform, reported a 59% YoY growth in transactions for Q2 2023, reaching a record 239,000. However, due to reduced market freight rates, the Gross Booking Value (GBV) was below expectations. The company also announced an operational efficiency plan in response to the ongoing freight market downturn, aiming to improve Adjusted EBITDA by about $5.6 million per year. The financial results for Q2 2023 and Q3 2023 guidance will be announced on August 21, 2023.
CustomersManagement Changes
growth-positive
WebCargo by Freightos Enables First Digital Interlining Air Cargo Shipment Booked between ITA Airways and Qatar Airways Cargo
Freightos Limited, a leading international freight booking and payment platform, announced that its subsidiary WebCargo now enables digital interlining. The first booking was a test shipment by Qatar Airways Cargo on an ITA Airways flight. The new functionality allows airlines to improve capacity utilization, broaden global coverage, and create new business opportunities. The process for cargo interlining is usually manual and takes 24-48 hours to complete. With digital interlining, this process can be reduced to seconds. ITA Airways and Qatar Airways Cargo have expressed their commitment to this digital solution, and IAG Cargo played a crucial role as a design partner.
PartnersCustomers
Freightos Announces Plan for Operational Efficiency and Cost Reduction
growth-positive
Wideroe, a Leader in Emission Reduction, to Expand its Digital Offerings with eBookings on WebCargo
Wideroe, the largest Nordic airline, has partnered with WebCargo by Freightos to provide real-time rates, capacity, and eBookings on the cargo booking platform. This partnership allows forwarders to access air cargo shipments from Norway, Denmark, and the United Kingdom through Wideroes network. The partnership also aligns with Wideroes commitment to emission reduction and sustainability. By combining Wideroes sustainable fleet with WebCargos CO2 calculator, forwarders can make informed booking decisions that help reduce emissions. The partnership aims to improve air cargo efficiency and global supply chains. Wideroes fleet consists of 40+ Bombardier Dash 8 aircraft and 3 Embraer E190-E2 aircraft.
Partners
growth-positive
Eastern Air Logistics Taps WebCargo to Fuel Global Growth
Eastern Air Logistics, the logistics arm of China Eastern Airlines, has announced a partnership with WebCargo by Freightos to deliver eBooking and payments to global forwarders. This partnership provides a seamless, end-to-end solution for customers looking to move cargo from China to North America, Europe, and Asia. Through this partnership, Eastern Air Logistics gains access to WebCargos extensive network of freight forwarding offices, streamlining their booking and payment processes. The partnership is seen as a positive growth opportunity for Eastern Air Logistics, as it expands its customer base and offers exclusive access to its air cargo offerings through WebCargo.
Partners
growth-negative
We're Not Very Worried About Freightos' (NASDAQ:CRGO) Cash Burn Rate
The article discusses Freightos cash burn and its impact on the company. It mentions that Freightos has a cash runway of approximately 23 months based on its cash reserves and burn rate. Although the companys cash burn has increased, its operating revenue has also grown by 50% in the last year. The article suggests that Freightos is in a fairly good position in terms of cash burn, but highlights the potential dilution of shareholders if the company needs to raise more cash. Overall, the article concludes that while there are some concerns, the companys revenue growth and analyst forecasts indicate a positive outlook.
Investment
growth-positive
Freightos Announces Record Q1 2023 Transactions and Achieves High End of Guidance
Freightos Limited, a leading booking and payment platform for the international freight industry, reported financial results for the quarter ended March 31, 2023. The company achieved close to 60% IFRS gross margins and introduces Q2 guidance predicting another record quarter of Transactions. The number of unique buyer users digitally booking freight services across the Freightos Platform grew 29% compared to Q1 2022, reaching 16 thousand. Carriers selling on the platform, primarily on WebCargo, reached 37 in Q1 2023, up 19% year over year. The company continues to invest in growth while carefully monitoring spending.
CustomersInvestmentManagement ChangesExpand
growth-positive
Electrolux Group Taps Freightos for Real-Time Procurement of Air Freight
Electrolux Group has partnered with Freightos to improve its freight booking process and increase supply chain efficiency. The partnership aims to optimize freight spend, improve decision-making, and enhance supply chain visibility and agility. Electrolux Group can now conduct instant electronic air cargo bookings with airlines through their existing logistics providers, resulting in cost and time savings. The partnership also allows Electrolux Group to select and book freight routes based on estimated carbon emissions. The forwarders of Electrolux Group, including FedEx Logistics, have welcomed the partnership. Electrolux Group is a global leader in home appliances and has a strong focus on innovation and operational excellence.
Partners
growth-positive
Freightos to Announce Q1 2023 Financial Results on Tuesday, May 23, 2023
Freightos will report its financial results for the Q1 2023 fiscal quarter. The management will host a webcast and conference call to discuss the results. The financial results and the webcast will be available on Freightos investor relations website. Questions can be submitted in advance or during the call. Registration is required to attend the conference call.
Public Trading
growth-positive
AT YOUR FINGERTIPS: Freightos Terminal Launches Today With Industry-Leading Market Intelligence Data and Insights to Keep International Supply Chains Moving
Freightos has unveiled Freightos Terminal, a dashboard that provides industry stakeholders with data and market updates to optimize international shipping and supply chains. The platform offers custom market intelligence reports, rate benchmarking, expert forecasting, and live feeds on critical events. Freightos aims to meet the demand for logistics intelligence, as 92% of multinational supply-chain organizations expect to remain engaged with freight intelligence. The companys CEO, Zvi Schreiber, emphasizes the importance of accurate data in mitigating disruptions and maintaining a competitive edge. Freightos Terminal is designed to support supply chain agility and cost-effectiveness.
Customers
growth-positive
Freightos Announces Record Transactions and Exceeds Guidance for First Quarter of 2023
Freightos Limited reported its Q1 2023 Key Performance Indicators, showing significant growth in transactions and gross booking value (GBV). The company recorded a record 229,211 transactions in Q1 2023, exceeding managements expectations and representing an 8.8% increase from the previous quarter. GBV reached $168.7 million, surpassing management expectations due to strong transaction growth. The growth was supported by an increase in both demand and supply on the Freightos platform. The number of unique buyer users grew by 29% compared to Q1 2022, reaching 16,226, and the number of carriers selling on the platform increased by 19% year over year. Freightos plans to share full first-quarter results and Q2 2023 guidance in May.
CustomersPartners
growth-positive
OPEN FOR BUSINESS: Three Chinese Master Loaders Available for Air Booking on WebCargo
WebCargo by Freightos has partnered with three of Chinas leading master loaders to offer global forwarders real-time access to Chinese air cargo export capacity. This partnership allows forwarders on WebCargo to compare prices, book, and pay across Sinotrans Global E-commerce Logistics (Sinoair), CIMC Anda Shun International Logistics Co., Ltd. (CIMC Anda Shun), and Sinotech Logistics (Sinotech). This collaboration provides forwarders with maximum choice in the critical ex-China routes and saves time and money. The master loaders do not require forwarders to be IATA cargo agents. This partnership aims to democratize access to global air cargo on the China trade lane. The article highlights the significance of shipments originating in China in the global air cargo market and the opportunity for forwarders to gain direct access to leading master loaders in the region.
Partners
growth-positive
Freightos Announces Record Fiscal Year 2022 Results
Freightos Limited, a leading booking and payment platform for the international freight industry, reported its financial results for the year ended December 31, 2022. The company saw a 72% increase in annual revenue, driven by the doubling of both the number and the value of transactions, as well as successful strategic acquisitions. The company also raised $82 million, exceeding the expected cash needed to reach positive free cash flow. The companys CEO, Zvi Schreiber, expressed optimism for the companys first year as a publicly traded company.
InvestmentAcquisitionPublic Trading
growth-positive
Freightos to Announce 2022 Financial Results on Monday, March 13, 2023
Freightos, a leading booking and payment platform for the international freight industry, will report its financial results for fiscal year 2022 on March 13, 2023. The companys management will host a webcast and conference call to discuss the results. Freightos also plans to file an annual report on form 20-F by March 31, 2023. The financial results and webcast information will be available on Freightos investor relations website. Freightos operates a vendor-neutral platform for international freight booking and payment, supporting supply chain efficiency and agility. The company offers digital freight marketplace services, a global freight platform, and market intelligence products. Freightos is a Nasdaq-listed company.
Public Trading
growth-positive
JetBlue Cargo, operated by AeroNex Cargo, to offer real-time cargo pricing, eBooking and payment for US forwarders via WebCargo
JetBlue Cargo, in partnership with AeroNex Cargo, will be rolling out access to instant pricing, booking, and payments for forwarders in the United States on WebCargo by Freightos. This partnership will help forwarders provide more efficient and competitive service for customers. The rollout is planned for early 2023. JetBlue Cargo leverages a fleet of Airbus A320 and A321s to offer cargo services across North American airports. With WebCargo, forwarders will have access to an industry-leading aggregation of carriers, improving air cargo efficiency. The integration of WebCargo Pay will further enhance booking efficiency. The partnership aims to meet the growing demand for transparent and efficient pricing and booking in the air cargo industry.
PartnersCustomers
Freightos begins trading as a public company
Freightos' Freight-as-a-Service Platform Finds Success With Large Suppliers
growth-positive
Freightos Reports Record 2022 Transactions and Gross Bookings Value
Freightos Limited has announced a significant increase in transactions on its platform in Q4 2022, more than doubling compared to the same quarter in the previous year. The company recorded 211 thousand transactions in Q4 2022, up from 97 thousand in Q4 2021 and 22 thousand in Q4 2020. This growth was supported by an increase in both demand and supply, with unique buyer users and carriers offering their services on the platform growing by 37% and 25% respectively. The Gross Booking Value of platform transactions reached $611 million in 2022, up approximately 100% from 2021. The company plans to go public on Nasdaq by combining with Gesher I Acquisition Corp.
CustomersPublic Trading
Freightos and IAG Cargo drive digitalisation
growth-positive
Freight digital booking and payment platform Freightos to merge with SPAC at $435 million valuation | CTech
Israeli startup Freightos has entered into a merger agreement with Gesher I Acquisition Corp., a special purpose acquisition company, to be publicly listed on Nasdaq. The combined entity, to be known as Freightos, will have an enterprise value of approximately $435 million. The company has also obtained $80 million in capital commitments and secured a $10 million investment from Qatar Airways. Freightos operates a global freight booking and payment platform, connecting importers, exporters, freight forwarders, and carriers. The capital raised will be used to scale the business and improve margins. Freightos has steadily grown through organic growth and acquisitions, including WebCargo and 7LFreight. Existing shareholders include SGX Group, FedEx Corporation, and major airlines such as Qatar Airways and IAG Cargo.
AcquisitionPublic TradingInvestment
growth-positive
Freightos, a Leading Booking and Payment Platform Digitalizing Global Freight, to Raise Growth Capital and Become Public via Business Combination with Gesher I Acquisition Corp.
Freightos, a global freight booking and payment platform, is set to go public through a merger with Gesher I Acquisition Corp. The deal values Freightos at around $435 million. The company has seen rapid growth, with a 213% CAGR in gross booking value between Q1 2019 and Q1 2022. The funds raised from the transaction will be used to scale the business. The merger has attracted $80 million in capital commitments from investors including Qatar Airways and M&G Investments. The deal is expected to close in the second half of 2022.
InvestmentPublic Trading
growth-positive
Simplified Shipping: Freightos' digital booking platform is innovating the freight industry
Freightos, an Israeli global freight booking platform, aims to revolutionize the international shipping industry by providing a digital platform for automating the pricing and booking of freight. The company, founded in 2012, has steadily grown and made major acquisitions to strengthen its position in the air cargo trade. Freightos aims to simplify the complex process of international shipping, offering predictability and transparency in pricing. The company plans to continue expanding its reach and is launching a new initiative to trade futures for the price of ocean container shipping. Freightos seeks to provide equal access to affordable and reliable shipping in a global context.
CustomersPartnersInvestmentAcquisition
Freight Platform Freightos Acquires 7LFreight
growth-positive
Redwood Partners with Freightos' to Bring Freight-as-a-Service Platform to RedwoodConnect™ Supply Chain Dive
Redwood Logistics is partnering with Freightos.com to provide customers with more control over global shipments. The partnership enables global shippers to connect any Transportation Management System (TMS) to Freightos.coms Freight-as-a-Service (FaaS) B2B network via Redwoods integration platform. This collaboration aims to help importers and exporters navigate disruptions in the supply chain by delivering instant multimodal freight pricing and capacity. RedwoodConnect™, Redwoods integration platform, will now feature FaaS through Freightos.com, allowing customers to seamlessly manage their shipments through any TMS or system of record. The partnership aims to digitize and streamline the shipping experience for companies of all sizes.
Partners
growth-positive
Freightos takes on TAC with new airfreight index
Freightos, an online market for freight booking, has introduced a benchmark pricing index for airfreight to provide faster and more transparent decision-making tools for sellers and buyers. The index is a direct challenge to the TAC Index, which has been the primary conduit for tracking aggregated pricing movement in the industry. The extreme volatility of air cargo rates and tight supply of aircraft this year has accelerated interest in such tools. Freightos plans to publish the index daily in the future. The company is also offering the service for free initially to increase its recognition. Freightos has partnered with WebCargo, a digital pricing, booking, and sales platform, to collect data for the index. LATAM Airlines has become the 30th carrier to share its cargo reservations with WebCargo.
CustomersPartners
growth-positive
Freightos launches 'freight-as-a-service' for online shippers
Freightos is making its technology available to ecommerce sites and online marketplaces to streamline the process of booking shipments. Alibaba.com is one of the partners that has integrated Freightos technology into its online freight marketplace. The technology allows online buyers to complete their shipping orders by entering shipment details and choosing services from multiple freight forwarders. Freightos freight-as-a-service technology uses APIs to connect with freight forwarders and carriers. The partnership with Alibaba.com has resulted in repeat bookings for Freightos. The article also mentions that Tradeling.com, a B2B wholesale marketplace, has deployed Freightos platform as well.
Partners
growth-positive
https://www.jpost.com/jpost-tech/business-and-innovation/alibaba-taps-jerusalem-start-up-to-launch-freight-platform-630146
Alibaba Group has partnered with Freightos to launch the worlds largest digital freight platform. The platform, called Alibaba.com Freight, aims to assist American small and medium-sized businesses (SMBs) in securing ocean and air shipping for their orders. It allows sellers to compare, book, manage, and track freight in real time online. Alongside the launch of Alibaba.com Freight, the company also introduced Alibaba.com Payment Terms, a digitized trade finance solution, and Alibaba.com Online Trade Shows USA, which offers live-streamed digital events for buyers and sellers. The partnership with Freightos and the introduction of these new products and services demonstrate Alibabas commitment to supporting SMBs and helping them navigate the impact of the coronavirus outbreak.
PartnersCustomers
growth-positive
Freightos appoints IAG Cargo's Camilo Garcia to 'bridge the gap' between cargo and technology - The Loadstar
Freightos has appointed Camilo Garcia as its global vice president for business development. Garcia, who previously worked at IAG Cargo, will be responsible for heading up carrier relationships at Freightoss WebCargo. He believes that the best way to digitize global freight is for logistics industry experts to crossover into the technology world.
Partners
Sinotrans to offer shippers air cargo booking through Freightos - Air Cargo News
Freightos WebCargo acquires Air Freight Bazaar India - Air Cargo News
growth-positive
Advancing Digitization in Shipping
CMA CGM has become the first ocean carrier listed on Freightos, a global online freight marketplace. This partnership allows importers and exporters to access instant pricing, routing, and sailing information, as well as guaranteed capacity. CMA CGM rates are now available on the Freightos website. The collaboration aims to digitize the shipping industry and improve the customer experience. Freightos offers an online marketplace for international shipping, providing instant comparison, booking, and management of air, ocean, and land shipments. The company also provides technology for carriers and logistics providers to automate freight sales. CMA CGM is a worldwide shipping group with a presence in 160 countries. Freightos was founded in 2012 and has partnerships with major logistics providers.
CustomersPartners
growth-positive
Logistics startup Freightos raises $44.4M Series C led by Singapore Exchange
Freightos, a logistics marketplace, has raised $44.4 million in a Series C funding round led by Singapore Exchange. The companys total funding now stands at $94.4 million. Freightos offers a price comparison service for freight forwarders and allows users to book, manage, and track shipments with over 1,200 logistics providers. The company aims to build a global digital infrastructure to make the industry more efficient. Freightos also operates the Freightos Baltic Index (FBX), which tracks freight pricing from major routes worldwide. The company plans to develop new financial instruments in partnership with the Singapore Exchange and explore ways to connect airlines with logistics providers. The funding will be used to further expand Freightos marketplace and enhance its offerings.
Investment
growth-positive
Baltic Exchange developing container shipping index in new market push
Londons Baltic Exchange is partnering with Hong Kong-based Freightos to develop a container shipping index. The Baltic Exchange, which was acquired by Singapore Exchange in 2016, has been exploring new areas for development. The new index will allow container rates to become tradable instruments for investors. The Baltic Exchange already produces benchmark indexes for global shipping rates, including those used by the freight derivatives market. The company is also working on launching an index for liquefied natural gas (LNG) and is developing a new code of conduct focusing on anti-bribery, corruption and fairness practices.
PartnersExpand
International trade practices "archaic", says Freightos survey - Air Cargo News
growth-positive
Israeli big data co Freightos buys Spain's WebCargoNet
Freightos, an Israeli big data startup, has acquired WebCargoNet, the worlds largest air cargo rate management provider. The acquisition creates the worlds largest database of air, ocean, and land freight rates, allowing SMEs and freight forwarders to conduct business online more easily. The financial details of the acquisition were not disclosed, but media reports suggest it was for several million dollars.
Acquisition
growth-positive
With A Fresh $14M, Freightos Wants To Power The Global Freight Industry
Freightos, a Hong Kong-based startup, has secured $14 million in Series B funding to revolutionize the international freight industry. The company aims to bring the industry up to speed by providing a platform for shippers to search and filter shipping options. Freightos has developed a big data solution to gather and analyze pricing information, including various associated fees. The platform is available in multiple languages and currencies and has recently added a sustainability feature. Freightos is currently working with over 30 freight forwarders, including major logistics companies. The company processed 24,000 automated quotes in the last quarter alone. The goal is to make the shipping process more transparent and automated, ultimately impacting the price tag for consumers.
Investment
A Hong Kong startup is dragging the international shipping industry into the 21st century
https://www.pehub.com/2014/10/freightos-snags-7-6-mln/
Freightos Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 188 |
| Team members | 10 |
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 514805084 |
| Crunchbase | freightos |
| Phone | +97226447333 |
| Creator | Rachel Wain |
| Creator email | rachelwain18@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-05-27T00:00:00.000Z |
| Created | 2014-10-30T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Public on NASDAQ on Jan, 2023<br> |