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Eastern Air Logistics (EAL), the logistics arm of China Eastern Airlines, is the first all-cargo airline in China with a new partnership with WebCargo by Freightos (NASDAQ: CRGO). This collaboration allows for eBooking and payments to global forwarders from China to North America, Europe, and Asia, as well as from Europe to China. With access to WebCargo's extensive network, EAL streamlines booking and payment processes, expanding its global reach to 1088 destinations worldwide. This partnership ensures efficient air freight pricing, booking, and payment processes for forwarders.
WebCargo by Freightos, a leading booking and payment platform for the international freight industry, announces a new partnership with Singapore Airlines. This collaboration will provide users with an end-to-end booking experience and expand reach in the Asia-Pacific region. The platform saw a significant increase in digital bookings from Asia origins, showing a growing trend towards digitalization. Singapore Airlines' cargo capacity on WebCargo will give users access to more destinations in Asia, enhancing the booking experience for freight forwarders.
Freightos (Nasdaq: CRGO), a key player in the international freight industry, is set to release its financial results for the fiscal year 2022 on March 13, 2023. Management will hold a webcast and conference call at 8:30am ET to discuss these results, followed by the filing of the annual report on form 20-F by March 31, 2023. The company operates a vendor-neutral platform enhancing shipping efficiency, connecting thousands of importers and exporters with logistics providers globally.
For more information, visit freightos.com/investors.
Freightos Limited reported a significant surge in transactions on its platform, with 211,000 transactions in Q4 2022, a remarkable 117% increase year-over-year.
The total freight transactions for 2022 reached 668,000, representing a 154% growth from 2021. Despite a contraction in the global freight market, Freightos achieved $611 million in Gross Booking Value (GBV), doubling its value from the previous year. The company anticipates becoming NASDAQ: CRGO by the end of January 2023 as it moves forward with its business combination with Gesher I Acquisition Corp.
Gesher I Acquisition Corp. announced the successful closure of the sale of an additional 1,500,000 units at $10.00 each, yielding total gross proceeds of $15,000,000. This sale is part of the overall allotment option related to the company’s initial public offering, which raised $115,000,000 altogether. The units are now trading on Nasdaq under the ticker symbol GIACU. Each unit includes one ordinary share and a half warrant, with the ordinary share set to trade under GIAC.
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