Freightos Ltd Stock Price, News & Analysis

Freightos (CRGO) and Forward Air Corporation announced an expanded partnership to enable digital bookings for LTL and linehaul trucking services through the 7LFreight by WebCargo platform. The integration incorporates Forward's extensive network of nearly 11,000 lane pairs and 100+ facilities, reaching 96% of U.S. ZIP codes. The collaboration enhances their existing rate distribution integration by adding digital booking capabilities for door-to-door, airport-to-door, and door-to-airport trucking services. The partnership will soon include airport cartage services, creating seamless connections between Freightos airline bookings and first/last-mile transport options. Initially available on 7LFreight, the service will expand across the broader Freightos platform, including WebCargo, offering digital payments and improved efficiency for international shipments.

China Airlines, a top-15 air cargo carrier, is partnering with Freightos (NASDAQ: CRGO) to launch digital booking capabilities on WebCargo and 7LFreight platforms. Starting next week, freight forwarders will gain instant access to China Airlines' rates, capacity, and eBookings across its network of 85 aircraft serving 192 destinations in 29 countries.

The initial rollout covers major hubs in the US, Canada, Germany, Luxembourg, Netherlands, Japan, and 14 destinations throughout Mainland China, Hong Kong, Taiwan, and Southeast Asia. Future phases will include WebCargo Pay instant payment integration, supporting general cargo, express rates, ULD bookings, and contract rates.

Freightos (NASDAQ: CRGO) reported strong Q1 2025 financial results, with revenue growing 30% year-over-year to $6.9 million, exceeding management expectations. The company achieved record 370.9k transactions, up 25% YoY, marking its 21st consecutive quarter of record transactions. Gross Booking Value reached $276.1 million, up 43% YoY. The platform expanded to 71 carriers and 19.7k unique buyer users. Despite market uncertainties, including recent tariff announcements, Freightos maintained its full-year outlook, projecting FY2025 revenue between $29.0-30.6 million. The company's IFRS loss was $4.5 million, with Adjusted EBITDA of negative $3.0 million, showing improvement from negative $3.6 million in Q1 2024. Cash position remained strong at $36.4 million.

Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral booking and payment platform for international freight, has scheduled its Q1 2025 earnings release for Tuesday, May 20, 2025, before market open. The company will host a webcast and conference call at 8:30 a.m. EST to discuss the results.

Interested participants can register for the call through a provided Zoom link, with access available via the Zoom app or telephone dial-in. Questions can be submitted in advance to ir@freightos.com or during the call. A replay of the webcast and transcript will be available on Freightos' Investor Relations website after the event.

Freightos (NASDAQ: CRGO) has launched Freightos Enterprise, an integrated logistics procurement suite that unifies global freight procurement, rate benchmarking, and shipment execution for large importers and exporters. The platform combines three key modules:

• Procure: Automated RFQs and tender management, reducing procurement time by 90%
• Rate, Book & Manage: Digital connectivity to hundreds of carriers for rate comparison and tracking
• Terminal: Real-time freight market intelligence with contract benchmarking

Early customers have reported significant benefits including a 20% reduction in freight spend through data-backed negotiations and 80% decrease in email communication around quoting and booking. The platform addresses current industry challenges such as trade uncertainties, canal closures, and volatile rates.

Freightos (NASDAQ: CRGO) reported strong Q1 2025 preliminary results, achieving record-breaking performance across key metrics. The company facilitated 370,900 transactions, marking a 25% year-over-year growth and surpassing management's expectations of 362,000-370,000 transactions. This represents the 21st consecutive quarter of record transactions.

The company's Gross Booking Value (GBV) reached $276.1 million, showing a substantial 43% year-over-year increase, within the projected range of $272-280 million. Platform expansion continued with the network growing to 71 carriers, including new specialized cargo operators. Unique buyer users increased by 10% year-over-year to 19,700.

CEO Zvi Schreiber emphasized that while tariffs may affect world trade growth, the vast opportunity for digital transformation remains strong, given that hundreds of billions of dollars in international freight services are still booked offline. Full Q1 2025 financial results will be reported in the second half of May.

Air Europa has joined WebCargo by Freightos (NASDAQ: CRGO) cargo booking platform, expanding digital air cargo access across Spain-Latin America trade lanes. The partnership provides freight forwarders instant access to Air Europa's network of 15 domestic Spanish destinations and 40 international routes across Europe, North America, and Latin America.

Initial digital booking capabilities will focus on Spanish export routes connecting Madrid with Barcelona, Bilbao, Valencia to Air Europa's global network, with plans to add key international origins in Europe, Americas and Asia Pacific. The integration includes perishable cargo capacity from Latin America.

Air Europa joins other major airlines on the platform, which now represents nearly 70% of global air cargo capacity. The partnership offers freight forwarders benefits including real-time capacity and pricing visibility, streamlined booking processes, and enhanced route options through Madrid-Barajas Airport hub.

Freightos (NASDAQ: CRGO), 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 ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC).

The annual report, which includes the company's audited financial statements, is accessible through the SEC's website and Freightos' investor relations website. Shareholders can request a free hard copy of the complete annual report by contacting the company's Investor Relations team.

Freightos (NASDAQ: CRGO) reported strong Q4 2024 results with revenue reaching $6.6 million, up 25% year-over-year, marking the highest growth rate since going public. Full-year 2024 revenue increased 17% to $23.8 million.

The company achieved its 20th consecutive quarter of record transactions, with Q4 transactions up 22% to 350,400. The number of carriers on the platform grew from 55 to 67 in Q4. Gross Booking Value surged 50% to $280.7 million in Q4, with full-year GBV reaching $894.0 million, up 33%.

Despite growth, Freightos reported an IFRS loss of $9.8 million in Q4 (including a one-time $3.0 million goodwill impairment) and full-year loss of $22.5 million. The company maintains $37.3 million in cash and expects to reach breakeven by end of 2026.