Welcome to our dedicated page for Freightos news (Ticker: CRGO), a resource for investors and traders seeking the latest updates and insights on Freightos stock.
Freightos Ltd (CRGO) operates a leading digital freight marketplace transforming global logistics through real-time booking and vendor-neutral pricing solutions. This page aggregates official company announcements and market-moving developments for stakeholders tracking innovation in freight technology.
Access curated CRGO news including quarterly earnings reports, strategic partnerships, platform enhancements, and industry recognition. Investors gain insights into operational milestones impacting the $9 trillion global freight sector, from SaaS product launches to carrier network expansions.
Content spans financial disclosures, technology innovations like AI-driven rate management tools, and strategic collaborations with logistics providers. Regular updates reflect CRGO's role in digitizing complex supply chains across 180+ countries.
Bookmark this page for streamlined monitoring of CRGO's market position and logistics industry leadership. Combine real-time updates with historical context to assess the company's growth trajectory in freight digitalization.
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 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.
Freightos (CRGO) has launched the Freightos Index Linking Toolkit within its Terminal market intelligence solution, introducing dynamic contract pricing for freight rates. This innovative system automatically adjusts to market fluctuations, addressing common issues with fixed-price contracts such as renegotiations and cargo rolling.
The toolkit leverages the Freightos Baltic Index (FBX®) for container shipping and Freightos Air Index (FAX) for air cargo, both based on live transactional data. When combined with hedging via freight future agreements on the CME and SGX, this solution enables carriers, forwarders, and BCOs to reduce pricing exposure and improve efficiency.
Industry expert Bjorn Vang Jensen endorses the approach, noting that long-term stable rate contracts serve as effective hedges. The system aims to bring predictability to freight procurement while reducing the time spent on contract negotiations.
Freightos (NASDAQ: CRGO) 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, with expertise in scaling high-growth tech companies.
Most recently, Pinillos served as CFO at Coincover, a blockchain software company, and previously at Bitrise, a DevOps software company. He also spent nearly 14 years at Qlik in various senior leadership roles, including VP of Strategic Growth and Business Transformation, where he supported the company's IPO and subsequent private equity acquisition.
CEO Zvi Schreiber highlighted Pinillos's experience in financial strategy and scaling high-growth businesses as key factors in his appointment to help drive Freightos's mission of digitalizing the international freight industry.
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