Freightos Reports Record Transactions and Carrier Additions for Fourth Quarter of 2024
Freightos (NASDAQ: CRGO) reported strong preliminary Q4 2024 results, marking its 20th consecutive quarter of record transactions. The company facilitated 350,400 transactions in Q4, a 22% year-over-year growth, exceeding management's expectations. The total Gross Booking Value (GBV) reached $280.5 million, showing a 50% year-over-year increase.
The company significantly expanded its carrier network to 67 carriers, up from 45 in Q4 2023, marking the strongest carrier growth in a single quarter. Unique buyer users grew 14% to approximately 20,100. For the full year 2024, Freightos recorded 1,301,500 transactions (27% YoY growth) and $894 million in GBV (33% YoY growth). The company plans to announce Q4 and FY 2024 financial results on February 24, 2025.
Freightos (NASDAQ: CRGO) ha riportato risultati preliminari solidi per il Q4 2024, segnando il 20° trimestre consecutivo di transazioni record. L'azienda ha facilitato 350.400 transazioni nel Q4, con una crescita del 22% rispetto all'anno precedente, superando le aspettative della direzione. Il totale del Gross Booking Value (GBV) ha raggiunto i 280,5 milioni di dollari, mostrando un aumento del 50% anno su anno.
L'azienda ha ampliato significativamente la sua rete di vettori a 67 vettori, rispetto ai 45 nel Q4 2023, segnando la crescita più forte dei vettori in un singolo trimestre. Gli utenti acquirenti unici sono aumentati del 14%, raggiungendo circa 20.100. Per l'intero anno 2024, Freightos ha registrato 1.301.500 transazioni (crescita del 27% anno su anno) e 894 milioni di dollari nel GBV (crescita del 33% anno su anno). L'azienda prevede di annunciare i risultati finanziari del Q4 e dell'anno fiscale 2024 il 24 febbraio 2025.
Freightos (NASDAQ: CRGO) reportó resultados preliminares sólidos para el Q4 2024, marcando su 20º trimestre consecutivo de transacciones récord. La empresa facilitó 350.400 transacciones en el Q4, un crecimiento del 22% interanual, superando las expectativas de la dirección. El total del Gross Booking Value (GBV) alcanzó los 280,5 millones de dólares, mostrando un aumento del 50% año tras año.
La compañía expandió significativamente su red de transportistas a 67 transportistas, desde 45 en el Q4 2023, marcando el crecimiento de transportistas más fuerte en un solo trimestre. Los usuarios compradores únicos crecieron un 14% a aproximadamente 20.100. Para el año completo 2024, Freightos registró 1.301.500 transacciones (crecimiento del 27% interanual) y 894 millones de dólares en GBV (crecimiento del 33% interanual). La empresa planea anunciar los resultados financieros del Q4 y del año fiscal 2024 el 24 de febrero de 2025.
Freightos (NASDAQ: CRGO)는 2024년 4분기 예비 실적을 발표하며 20분기 연속으로 기록적인 거래를 달성했다고 밝혔습니다. 이 회사는 4분기에 350,400건의 거래를 지원하여 전년 대비 22% 성장하며 관리 측의 기대치를 초과했습니다. 총 Gross Booking Value (GBV)는 2억 8,050만 달러에 달했으며, 이는 전년 대비 50% 증가한 수치입니다.
회사는 캐리어 네트워크를 67개 캐리어로 크게 확장했으며, 이는 2023년 4분기의 45개에서 증가한 수치로, 단일 분기에서 가장 강력한 캐리어 성장을 기록했습니다. 독립적인 구매자 사용자는 14% 증가하여 약 20,100명에 이르렀습니다. 2024년 전체 연도에 대해 Freightos는 1,301,500건의 거래(연 성장률 27%)와 8억 9,400만 달러의 GBV(연 성장률 33%)를 기록했습니다. 이 회사는 2025년 2월 24일 Q4 및 FY 2024 재무 결과를 발표할 계획입니다.
Freightos (NASDAQ: CRGO) a annoncé de solides résultats préliminaires pour le 4e trimestre 2024, marquant son 20e trimestre consécutif de transactions record. L'entreprise a facilité 350.400 transactions au 4e trimestre, représentant une croissance de 22 % par rapport à l'année précédente, dépassant les attentes de la direction. La valeur totale de Gross Booking Value (GBV) a atteint 280,5 millions de dollars, montrant une augmentation de 50 % d'une année sur l'autre.
La société a considérablement élargi son réseau de transporteurs à 67 transporteurs, contre 45 au 4e trimestre 2023, marquant la plus forte croissance des transporteurs en un seul trimestre. Les utilisateurs acheteurs uniques ont augmenté de 14 %, atteignant environ 20.100. Pour l'année 2024 dans son ensemble, Freightos a enregistré 1.301.500 transactions (croissance de 27 % d'une année sur l'autre) et 894 millions de dollars en GBV (croissance de 33 % d'une année sur l'autre). La société prévoit d'annoncer les résultats financiers du 4e trimestre et de l'année fiscale 2024 le 24 février 2025.
Freightos (NASDAQ: CRGO) hat starke vorläufige Ergebnisse für das 4. Quartal 2024 gemeldet, das den 20. aufeinanderfolgenden Quartal mit Rekordtransaktionen markiert. Das Unternehmen hat im 4. Quartal 350.400 Transaktionen ermöglicht, was einem Wachstum von 22% im Jahresvergleich entspricht und die Erwartungen des Managements übertroffen hat. Der gesamte Gross Booking Value (GBV) erreichte 280,5 Millionen USD und zeigte einen Anstieg von 50% im Jahresvergleich.
Das Unternehmen hat sein Carrier-Netzwerk erheblich auf 67 Carrier ausgeweitet, verglichen mit 45 im 4. Quartal 2023, was das stärkste Carrier-Wachstum in einem einzigen Quartal darstellt. Die einzigartigen Käuferbenutzer sind um 14% auf etwa 20.100 gestiegen. Für das gesamte Jahr 2024 hat Freightos 1.301.500 Transaktionen (27% Wachstum im Jahresvergleich) und 894 Millionen USD im GBV (33% Wachstum im Jahresvergleich) verzeichnet. Das Unternehmen plant, am 24. Februar 2025 die finanziellen Ergebnisse für das 4. Quartal und das Geschäftsjahr 2024 bekannt zu geben.
- Record 350,400 transactions in Q4 2024, up 22% YoY
- GBV reached $280.5M in Q4, up 50% YoY
- Carrier network expanded to 67 from 45 YoY
- 14% growth in unique buyer users to 20,100
- Full year transactions up 27% to 1.3M
- Annual GBV grew 33% to $894M
- None.
Insights
The Q4 2024 preliminary results demonstrate robust operational performance, with 350.4K transactions (
The annualized GBV run rate surpassing
The digital transformation in freight logistics is accelerating, with Freightos capitalizing on this shift through its platform strategy. The addition of 12 new carriers in Q4 alone, focusing on regional and niche operators, indicates successful market penetration beyond major carriers. This diversification strengthens the platform's competitive moat and enhances its value proposition to both buyers and sellers.
The
The Company Plans To Report Earnings on February 24, 2025
Actuals* | Management's Expectations | Actuals* | Management's Expectations | |
Q4 2024 | Q4 2024 | FY 2024 | FY 2024 | |
# Transactions ('000) | 350.4 | 338.5 - 348.5 | 1,301.5 | 1,289.5 - 1,300.0 |
Year over-Year Growth | 22 % | 27 % | ||
GBV ($m) | 280.5 | 257.0 - 265.0 | 894.0 | 870.5 - 878.5 |
Year over-Year Growth | 50 % | 33 % |
*Numbers are preliminary and subject to change with the full earnings release.
Platform Expansion and Network Growth
Freightos continued to strengthen its digital freight platform in Q4 2024, facilitating increased transactions and expanding its global buyer and seller network.
- Transactions: Freightos facilitated 350K Transactions in Q4 2024, representing a
22% year-over-year growth and exceeding management's expectations. This milestone marks the 20th consecutive quarter of record Transactions, driven by Freightos' ability to attract regional and niche carriers while increasing activity from existing users. - Carrier and Buyer Growth: Freightos expanded its carrier network to 67 carriers, up from 45 in Q4 2023 and 55 in Q3 2024. This marked the strongest carrier growth in a single quarter in the company's history, driven primarily by the addition of regional and niche air cargo operators, many of which serve specialized markets or emerging trade lanes. This growth, together with a
14% growth in unique buyer users on the platform to approximately 20,100 by the end of the quarter, underscores the network effects of Freightos' platform as it scales. - Gross Booking Value (GBV): The total value of transactions processed on the Freightos platform, or GBV, reached
$280M one billion dollars per year, reflecting a50% year-over-year increase, exceeding management's expectations and driven by robust Transactions growth and sustained elevated market rates.
"The strong carrier growth we delivered in Q4 highlights the freight industry's increasing recognition of the need for digital transformation," said Zvi Schreiber, CEO of Freightos. "By bringing on board a diverse range of regional and niche air cargo operators, Freightos continues to expand its platform's reach and relevance. These carriers, often serving specialized markets or emerging trade lanes, are able to instantly sell their services to many thousands of freight forwarders around the world through Freightos, again proving the power of a platform. And buyers are equally excited to find supply in one place from many dozens of carriers, some of whom they had no prior relationship with." Schreiber continued, "On another matter, I expect we will be able to announce the hiring of a new CFO next month."
Q4 2024 Earnings Call
Financial results for the fourth quarter and full year 2024 will be reported before markets open on February 24, 2025. Freightos' management will host a webcast and conference call to discuss the results that morning at 8:30 a.m. EST.
Information about Freightos' financial results, including a link to the live webcast, will be available on Freightos' investor relations website at https://www.freightos.com/investor-news/.
To participate in the call, please register at the following link: https://freightos.zoom.us/webinar/register/5017367615534/WN_vgcHjqxVQheZLIIOa4eb2Q#/registration.
Following registration, you will be sent the link to the conference call which is accessible either via the Zoom app, or alternatively from a dial-in telephone number.
Questions may be submitted in advance to ir@freightos.com or via Zoom during the call.
A replay of the webcast, as well as the call's transcript, will be available on Freightos' Investor Relations website following the call.
Glossary
We have provided below a glossary of certain terms used in this press release:
- Carriers: Number of unique air and ocean carriers, mostly airlines, that have been sellers of transactions. For airlines, we count booking carriers, which include separate airlines within the same carrier group. We do not count dozens of other airlines that operate individual segments of air cargo transactions, as we do not have a direct booking relationship with them. Carriers include ocean less-than-container load (LCL) consolidators. In addition, we only count carriers when more than five bookings were placed with them over the course of a quarter.
- Unique buyer users: Number of individual users placing bookings, typically counted based on unique email logins. The number of buyers, which counts unique customer businesses, does not reflect the fact that some buyers are large multinational organizations while others are small or midsize businesses. Therefore, we find it more useful to monitor the number of unique buyer users than the number of buyer businesses.
- GBV: Total value of transactions on the Freightos platform, which is the monetary value of freight and related services contracted between buyers and sellers on the Freightos platform, plus related fees charged to buyers and sellers, and pass-through payments such as duties. GBV is converted to
U.S. dollars at the time of each transaction on the Freightos platform. This metric may be similar to what others call gross merchandise value (GMV) or gross services volume (GSV). We believe that this metric reflects the scale of the Freightos platform and our opportunities to generate platform revenue. - Transactions: Number of bookings for freight services, and related services, placed by Buyers across the Freightos platform with third-party sellers and with Clearit. Sellers of Transactions include Carriers (that is, airlines, ocean liners and LCL consolidators) and also other providers of freight services such as trucking companies, freight forwarders, general sales agents, and air master loaders. The number of transactions booked on the Freightos platform in any given time period is net of transactions that were canceled prior to the end of the period. Transactions booked on white label portals hosted by Freightos are included if there is a transactional fee associated with them.
About Freightos
Freightos® (NASDAQ: CRGO) is the leading vendor-neutral global freight booking platform. Airlines, ocean carriers, thousands of freight forwarders, and well over ten thousand importers and exporters connect on Freightos, making world trade faster, more efficient and more resilient.
The Freightos platform digitizes the trillion dollar international freight industry, supported by a suite of software solutions that span pricing, quoting, booking, shipment management, and payments for global businesses of all shapes and sizes. Products include the Freightos Marketplace, WebCargo, WebCargo for Airlines, 7LFreight by WebCargo, Shipsta by Freightos, and Clearit.
Freightos is a leading provider of real-time industry data via Freightos Terminal, which includes the world's leading spot pricing indexes, Freightos Air Index (FAX) for air cargo and Freightos Baltic Index (FBX) for container shipping.
More information is available at freightos.com/investors.
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Contacts
Media:
Tali Aronsky
press@freightos.com
Investors:
Anat Earon-Heilborn
ir@freightos.com
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SOURCE Freightos
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