Freightos Schedules Earnings Release and Conference Call for May 20, 2025
- BARCELONA, Spain , May 6, 2025 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), the leading, vendor-neutral booking and payment platform for the international freight industry, will report its Q1 2025 financial results before market open on Tuesday, May 20, 2025. Freightos' management will host a webcast and conference call to discuss the results that day at 8:30 a.m.
- 05/06/2025
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Freightos Enterprise Debuts as Global Freight Procurement Option for Large Shippers
- Trade uncertainty, canal closures and shipping rate volatility or not, shipments still need to get delivered. On Wednesday (April 23) global freight booking and payment platform Freightos introduced Freightos Enterprise.
- 04/23/2025
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Freightos Unveils Enterprise Suite, Creating First End-to-End Global Freight Procurement Platform
- BARCELONA , Spain , April 23, 2025 /PRNewswire/ -- Freightos (NASDAQ: CRGO), the world's leading digital freight booking and payment platform, today launched Freightos Enterprise, an integrated logistics procurement suite for large importers and exporters that unifies the increasingly digitalized but persistently fragmented world of global freight procurement, rate benchmarking, and shipment execution. Freightos' comprehensive procurement platform bridges annual, quarterly and spot procurement of air, ocean and ground freight, while offering the critical market intelligence required to navigate ongoing industry volatility.
- 04/23/2025
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Freightos Reports Record Transactions for the First Quarter of 2025
- Freightos' Strong Momentum Underscores Digital Transformation Resilience Amid Tariff Uncertainties BARCELONA, Spain , April 15, 2025 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported preliminary key performance indicators for the first quarter of 2025, demonstrating continued growth across the digital freight network. Actuals* Management's Expectations Q1 2025 Q1 2025 # Transactions ('000) 370.9 362.0 - 370.0 Year over-Year Growth 25 % 22% - 25% GBV ($m) 276.1 272.0 - 280.0 Year over-Year Growth 43 % 41% - 45% *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 Q1 2025, posting another quarter of record Transactions and further expanding its global buyer and seller network.
- 04/15/2025
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Air Europa Joins WebCargo by Freightos' Platform, Expanding Digital Air Cargo Access in European and Latin American Markets
- BARCELONA, Spain , April 2, 2025 /PRNewswire/ -- Freightos (NASDAQ: CRGO), the world's leading vendor-neutral digital freight booking and payment platform, today announced that Air Europa, a leading Spanish airline, has joined WebCargo by Freightos' cargo booking platform. With the addition of Air Europa, WebCargo strengthens its offering across key Spain-Latin America trade lanes, providing freight forwarders instant access to Air Europa's extensive network of 15 domestic destinations within Spain and 40 international routes across Europe, North America, and Latin America.
- 04/02/2025
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Freightos Files Annual Report on Form 20-F for the Year Ended December 31, 2024
- BARCELONA, Spain , March 28, 2025 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO) ("Freightos" or the "Company"), the leading vendor-neutral digital booking and payment platform for the international freight industry, announced today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (the "SEC"). The annual report, which contains Freightos' audited financial statements, can be accessed at the SEC's website at http://www.sec.gov, as well as via the Company's investor relations website at https://www.freightos.com/financials/#sec.
- 03/28/2025
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Freightos (CRGO) Q4 2024 Earnings Call Transcript
- Freightos Limited (NASDAQ:CRGO ) Q4 2024 Earnings Conference Call February 24, 2025 8:30 AM ET Company Participants Zvi Schreiber - Chief Executive Officer Teresa Carreras - Director, FP&A Pablo Pinillos - Chief Financial Officer Anat Earon-Heilborn - Vice President, Investor Relations Conference Call Participants Jason Helfstein - Oppenheimer George Sutton - Craig Hallum Anat Earon-Heilborn Welcome to Freightos Q4 2024 earnings conference call. A press release with detailed financial results was released earlier today and is available on the Investor Relations section of our website, freightos.com/investors.
- 02/24/2025
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Freightos Limited (CRGO) Reports Q4 Loss, Tops Revenue Estimates
- Freightos Limited (CRGO) came out with a quarterly loss of $0.20 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.06 per share a year ago.
- 02/24/2025
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Freightos Reports Fourth Quarter and Full Year 2024 Results
- Fourth Quarter Revenue Increase of 25% year-on-year, Highest Growth Rate Since Going Public, Full Year Revenue Increase of 17% 20th Consecutive Quarter of Record Transactions, Strengthening Digital Freight Leadership BARCELONA, Spain , Feb. 24, 2025 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), the leading vendor-neutral digital booking and payment platform for the international freight industry, today reported financial results for the quarter and year ended December 31, 2024. "Freightos continues to lead the digital transformation of global freight, delivering in the fourth quarter our highest revenue growth rate since going public, our strongest carrier expansion ever, and record gross profit margin," said Zvi Schreiber, CEO of Freightos.
- 02/24/2025
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Freightos® Introduces Index Linking for Freight Contracts, Bringing Global Trade to the Digital Age
- BARCELONA, Spain , Feb. 18, 2025 /PRNewswire/ -- Freightos (Nasdaq: CRGO), the world's leading digital freight booking and payment platform, today announced the launch of the Freightos Index Linking Toolkit in its Freightos Terminal market intelligence solution. This innovative toolkit enables dynamic contract pricing that automatically adjusts to market fluctuations, providing a seamless and resilient approach to freight rate management.
- 02/18/2025
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Freightos Appoints Pablo Pinillos as Chief Financial Officer
- BARCELONA, Spain , Feb. 4, 2025 /PRNewswire/ -- February 4, 2025 - Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral digital booking and payment platform for the international freight industry, today announced the appointment of Pablo Pinillos as Chief Financial Officer, effective March 1, 2025. Pablo Pinillos brings over 20 years of global leadership experience spanning finance, strategy, and operations, with a proven track record of scaling high-growth tech companies through strategic decision-making, financial discipline, and operational efficiency.
- 02/04/2025
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Freightos Welcomes CMA CGM AIR CARGO to Its Platforms With Key Tradelanes Capacity
- BARCELONA, Spain , Feb. 3, 2025 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading global freight booking and payment platform, today announced the addition of CMA CGM AIR CARGO, a division of CMA CGM Group, a global player in sea, land, air, and logistics solutions, to its WebCargo and 7LFreight cargo booking platforms. Through Freightos's platforms, forwarders can now access CMA CGM AIR CARGO's global air freight network, see real-time rates and eBook cargo on key tradelanes connecting the United States, France, Italy, Spain, and Asia.
- 02/03/2025
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Norwegian Cargo Selects WebCargo by Freightos for First Foray into Digital Air Cargo Booking Integration
- BARCELONA, Spain , Jan. 29, 2025 /PRNewswire/ -- Freightos (NASDAQ: CRGO), a leading vendor-neutral booking and payment platform for the international freight industry, announced today that Norwegian Cargo, the cargo division of Norwegian Air UK, in collaboration with the independent Dutch GSA Euro Cargo Aviation (ECA), has joined the world's biggest air cargo booking platform, WebCargo by Freightos. This collaboration marks Norwegian Cargo's first digital booking platform integration, bringing real-time eBooking capabilities to freight forwarders and enhancing access to its extensive network which connects 40 European airports to Nordic countries, as well as intercontinental routes to key cities in North America, Asia, and the Caribbean.
- 01/29/2025
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Canada's WestJet Cargo Joins Freightos' WebCargo and 7LFreight Platforms, Boosting Cargo Capacity in North America, Europe and Asia
- BARCELONA, Spain , Jan. 27, 2025 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading global freight booking and payment platform, today announced the addition of Canada's WestJet Cargo to its WebCargo and 7LFreight platforms. This collaboration enables freight forwarders to access WestJet Cargo's air freight network and see real-time rates, place eBookings, and pay online.
- 01/27/2025
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Freightos Reports Record Transactions and Carrier Additions for Fourth Quarter of 2024
- The Company Plans To Report Earnings on February 24, 2025 BARCELONA , Jan. 16, 2025 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported preliminary key performance indicators for Q4 2024 and FY 2024, showcasing continued growth in platform usage and network expansion, with the 20th consecutive quarter of record Transactions and the highest number of new Carriers ever added in a single quarter. 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 % 18% - 21% 27 % 26% - 27% GBV ($m) 280.5 257.0 - 265.0 894.0 870.5 - 878.5 Year over-Year Growth 50 % 37% - 41% 33 % 30% - 31% *Numbers are preliminary and subject to change with the full earnings release.
- 01/16/2025
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Swiss WorldCargo Expands its Digital Presence on WebCargo by Freightos
- ZURICH and BARCELONA, Spain , Dec. 18, 2024 /PRNewswire/ -- Swiss WorldCargo, the air freight division of SWISS, Switzerland's leading air carrier, and Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral booking and payment platform for international freight, establish a collaboration with the shared intent to enhance their customers' digital booking experience. Various Swiss WorldCargo's products and services for selected markets in Europe, Asia and Americas are bookable on the air cargo booking platform WebCargo by Freightos.
- 12/18/2024
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Stock Picks From Seeking Alpha's November 2024 New Analysts
- Twenty-six new analysts joined Seeking Alpha in November, sharing diverse investment ideas highlighting their unique backgrounds and expertise. Top picks include U.S. Bancorp Preferred Series A, Hershey, and PepsiCo, emphasizing undervalued opportunities, dividend stability, and strategic growth potential. Analysts also spotlighted strong sell recommendations like BlackRock Science and Technology Trust and Luckin Coffee, citing fundamental flaws and competitive disadvantages.
- 12/05/2024
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Freightos Limited (CRGO) Q3 2024 Earnings Call Transcript
- Freightos Limited (NASDAQ:CRGO ) Q3 2024 Earnings Conference Call November 25, 2024 8:30 AM ET Company Participants Anat Earon-Heilborn - Investor Relations Zvi Schreiber - Chief Executive Officer and Chairman Ran Shalev - Chief Financial Officer Conference Call Participants Jason Helfstein - Oppenheimer Logan Lillehaug - Craig-Hallum Anat Earon-Heilborn Hello and welcome to Freightos Q3 2024 Earnings Conference Call. A press release with detailed financial results was released earlier today and is available on the Investor Relations section of our website freightos.com/investors [Technical Difficulty].
- 11/25/2024
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Freightos Limited (CRGO) Reports Q3 Loss, Tops Revenue Estimates
- Freightos Limited (CRGO) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to loss of $0.07 per share a year ago.
- 11/25/2024
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Freightos Reports Third Quarter 2024 Results: Revenue Up 21%, Record Since Going Public
- Full-year revenue guidance now at the higher end of the previous range, Adjusted EBITDA guidance up BARCELONA, Spain , Nov. 25, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral digital booking and payment platform for the international freight industry, today reported financial results for the quarter ended September 30, 2024. The consistent growth trend continued, with record Transactions, record revenue, and the highest revenue growth rate and highest adjusted EBITDA since going public.
- 11/25/2024
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Freightos Announces CFO Transition
- BARCELONA, Spain , Nov. 25, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral digital booking and payment platform for the international freight industry, today announced that Ran Shalev, Chief Financial Officer, has decided to conclude his tenure effective December 31, 2024, to pursue another role. The company is in the process of a search for a successor.
- 11/25/2024
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FREIGHTOS AND E2OPEN COLLABORATE TO SIMPLIFY AIR CARGO BOOKINGS
- Seamless Integration Gives Forwarders Real-Time Bookings and Dynamic Rates, All Within Their TMS BARCELONA, Spain , Nov. 21, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral booking and payment platform for international freight, today announced the official launch of its integration with e2open (NYSE: ETWO), a top provider of connected supply chain software. This integration, which follows a successful beta phase, embeds WebCargo by Freightos air cargo eBooking into e2open's Transportation Management System (TMS) application.
- 11/21/2024
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Freightos: Digitizing The Global Freight Industry With 5-10x Upside Potential
- Freightos Limited is an undervalued digital freight logistics disruptor with a potential 5-10x return, offering a venture-capital-like entry point in a trillion-dollar market. The company digitizes freight logistics, solving inefficiencies in air, ocean, and land transportation, with less than 10% of the market currently digitized. Strong growth metrics, strategic partnerships, and a visionary CEO position Freightos for substantial market share capture and profitability by 2026.
- 11/20/2024
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Frieghtos to Present at Sidoti Virtual Investor Conference
- Presentation on Wednesday, November 13th at 9:15AM ET BARCELONA, Spain , Nov. 7, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral booking and payment platform for international freight, announced today that Zvi Schreiber, Founder and CEO, will present and host one-on-one meetings with investors at the Sidoti November Virtual Investor Conference, taking place on November 13-14, 2024. Joining him will be Ran Shalev, CFO.
- 11/07/2024
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Qantas Freight Joins Freightos, Expanding Trans-Pacific Capacity on Key US, Australia and New Zealand Routes
- BARCELONA, Spain , Nov. 5, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO) a leading, vendor-neutral booking and payment platform for the international freight industry, is proud to announce that Qantas Freight, the cargo division of Australia's national carrier Qantas, has joined its air cargo booking platform. This will enable freight forwarders to search, compare and book capacity across Freightos' WebCargo and 7LFreight by WebCargo platforms for all Qantas and Jetstar services between the US, Australia and New Zealand.
- 11/05/2024
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Freightos Reports Record Transactions and Gross Booking Value for Third Quarter of 2024
- The Company Plans To Report Earnings on November 25, 2024 BARCELONA, Spain , Oct. 16, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported preliminary key performance indicators for Q3 2024, showcasing strong growth in platform usage and network expansion, with the 19th consecutive quarter of record Transactions. Actuals* Management's Expectations Q3 2024 Q3 2024 # Transactions ('000) 339.1 323.5 - 332.5 Year over-Year Growth 26 % 20% - 24% GBV ($m) 217.5 198.0 - 203.5 Year over-Year Growth 35 % 23% - 27% *Numbers are preliminary and subject to change with the full earnings release Platform Expansion and Network Growth Freightos continued to strengthen its digital freight marketplace in Q3 2024, facilitating increased transactions and expanding its global buyer and seller network.
- 10/16/2024
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Freightos Announces Participation in the LD Micro Main Event XVII
- Presentation on Tuesday, October 29th at 01:30 PM PT Barcelona, Spain--(Newsfile Corp. - October 9, 2024) - Freightos (NASDAQ: CRGO), the leading vendor-neutral digital booking and payment platform for the international freight industry, announced today that it will be presenting at the 17th annual Main Event on Tuesday, October 29th at 01:30 PM PT at the Luxe Sunset Boulevard Hotel. Dr. Zvi Schreiber will be representing the company.
- 10/09/2024
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Freightos Expands Digital Air Cargo Offering with HNA Cargo, Boosting Capacity on Key Routes between Europe and Asia
- BARCELONA, Spain , Sept. 26, 2024 /PRNewswire/ -- Freightos (NASDAQ: CRGO), the leading vendor-neutral digital booking and payment platform for the international freight industry, today announced the addition of Hainan Airlines (HNA Cargo), a top five airline in China, to its leading WebCargo digital air cargo booking and payment platform.
- 09/26/2024
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Pacific Air Cargo Joins Freightos' Platform, Expanding Digital Air Cargo Capacity to Hawaii and Pacific Islands
- BARCELONA, Spain , Aug. 22, 2024 /PRNewswire/ -- Freightos (NASDAQ: CRGO) today announced the addition of Pacific Air Cargo to its leading WebCargo digital air cargo booking and payment platform. This collaboration expands WebCargo's offered capacity to include key routes from Los Angeles to Hawaii and the Pacific Islands, complementing recent advancements in its domestic US air cargo capacity.
- 08/22/2024
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Freightos Limited (CRGO) Reports Q2 Loss, Tops Revenue Estimates
- Freightos Limited (CRGO) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.10 per share a year ago.
- 08/19/2024
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Freightos Reports Second Quarter 2024 Results with Record Performance Across KPIs
- New records for transactions, GBV, revenue and Adjusted EBITDA, all exceeding management expectations Acquisition of Shipsta expands company's platform for importers/exporters while accelerating revenue growth and supporting reaching breakeven with cash on hand BARCELONA, Spain , Aug. 19, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral digital booking and payment platform for the international freight industry, today reported financial results for the quarter ended June 30, 2024, which report followed the announcement of the acquisition of Shipsta. "Our robust second quarter performance underscores the growing strength and adoption of our platform in the international freight market.
- 08/19/2024
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Freightos Acquires Shipsta, Expanding Comprehensive Digital Freight Procurement Solution
- Strategic acquisition broadens Freightos' digital freight-booking vision by pairing Freightos' spot offering with Shipsta's best-of-breed tender management platform. Deal accelerates revenue growth and reaching breakeven with cash on hand.
- 08/19/2024
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Freightos Posts New Records for Transactions and Gross Booking Value for Second Quarter of 2024
- The Company Plans To Report Earnings on August 19, 2024 BARCELONA, Spain , July 15, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported preliminary second quarter 2024 Key Performance Indicators. Actuals* Management's Expectations Q2 2024 Q2 2024 # Transactions ('000) 316.5 303.0 - 309.0 Year over-Year Growth 32 % 27% - 29% GBV ($m) 203.4 178.0 - 182.0 Year over-Year Growth 31 % 15% - 18% *Numbers are preliminary and subject to change with the full earnings release In Q2 2024, Freightos continued to progress toward its long-term growth objectives.
- 07/15/2024
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Coyne Airways becomes First Carrier to Offer Booking for Dangerous Goods on WebCargo by Freightos
- New Partnership Expands Interlining and Digital Air Capacity Access to Africa, the Gulf and Caspian Regions BARCELONA, Spain, June 27, 2024 /PRNewswire/ -- WebCargo by Freightos (NASDAQ: CRGO), the leading digital booking and payment platform for the international freight industry, is excited to announce its new partnership with Coyne Airways. This collaboration expands WebCargo's reach in Africa, the Gulf, and the Caspian regions, providing forwarders and airline partners with seamless access to real-time rates, booking, interline and payment solutions.
- 06/27/2024
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Freightos' WebCargo Announces Partnership with Thai Airways to Enhance Digital Air Cargo Services and Provide Innovative Payment Solutions
- BARCELONA, Spain , June 6, 2024 /PRNewswire/ -- WebCargo by Freightos (NASDAQ: CRGO), a leading independent booking and payment platform for the international freight industry, is excited to announce a new partnership with Thai Airways, a key Asian carrier and the national carrier of Thailand. In the coming months, Thai Airways will integrate its cargo capacities into WebCargo's platform, offering real-time booking, pricing, and payment processes.
- 06/06/2024
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Freightos Limited (CRGO) Q1 2024 Earnings Call Transcript
- Freightos Limited (NASDAQ:CRGO ) Q1 2024 Earnings Conference Call May 20, 2024 8:30 AM ET Company Participants Anat Earon-Heilborn - Investor Relations Zvi Schreiber - Chief Executive Officer and Chairman Ran Shalev - Chief Financial Officer Conference Call Participants George Sutton - Craig-Hallum Jason Helfstein - Oppenheimer Anat Earon-Heilborn Hello and welcome to Freightos Q1 2024 Earnings Conference Call. A press release with detailed financial results was released earlier today and is available on the Investor Relations section of our website freightos.com.
- 05/20/2024
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Freightos Limited (CRGO) Reports Q1 Loss, Tops Revenue Estimates
- Freightos Limited (CRGO) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.17 per share a year ago.
- 05/20/2024
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Freightos Reports First Quarter 2024 Results with Double-digit Revenue Growth
- Record Transactions, GBV, Revenue and Adjusted EBITDA, exceeding management expectations Cash and equivalents balance of $50 million ensures sufficient resources to capture the massive market opportunity JERUSALEM , May 20, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral digital booking and payment platform for the international freight industry, today reported financial results for the quarter ended March 31, 2024. "We are pleased with the strong first quarter of the year, which highlights the robustness and growing acceptance of our platform, and the strides we are making in digitalizing international freight, bringing efficiency and transparency to this crucial sector," said Zvi Schreiber, CEO of Freightos.
- 05/20/2024
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United Cargo Adds Capacity to WebCargo by Freightos' Booking Platform, Extending Cargo Sales Portal Capabilities
- BARCELONA, Spain , May 16, 2024 /PRNewswire/ -- Freightos (NASDAQ: CRGO), the vendor-neutral booking and payment platform for the international freight industry, is pleased to expand the collaboration between WebCargo by Freightos and United Cargo (NASDAQ: UAL). In an industry which is still mostly offline, WebCargo is proud to be a key technology partner developing United Cargo's state-of-the-art self-service online cargo portal and is proud to further expand this collaboration.
- 05/16/2024
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Singapore Airlines Taps WebCargo by Freightos to Expand Booking Options in Asia-Pacific's Busiest Hubs
- BARCELONA, Spain , May 2, 2024 /PRNewswire/ -- WebCargo by Freightos (NASDAQ: CRGO), a leading vendor-neutral booking and payment platform for the international freight industry, is excited to announce that Singapore Airlines' cargo capacity is now being offered on WebCargo's platform. This relationship with Singapore Airlines underscores WebCargo's position as the leading digital platform for the air freight industry, offering its users an end-to-end booking experience while expanding its reach in the Asia-Pacific region.
- 05/02/2024
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Freightos Record Transactions and Gross Booking Value for First Quarter of 2024 Exceed Management Expectations
- The Company Plans To Report Earnings on May 20, 2024 JERUSALEM , April 15, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported preliminary first quarter 2024 Key Performance Indicators. Actuals* Management's Expectations Q1 2024 Q1 2024 # Transactions ('000) 295.6 280.5 - 288.0 Year over-Year Growth 29 % 22% - 26% GBV ($m) 192.4 168.0 - 172.5 Year over-Year Growth 14 % 0% - 2% *Numbers are preliminary and subject to change with the full earnings release In Q1 2024, Freightos continued to achieve operating milestones consistent with its long-term growth objectives.
- 04/15/2024
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Delta Cargo Partners with Freightos' WebCargo and 7LFreight to Offer Real-Time Digital Air Cargo Quotes and Bookings
- BARCELONA, Spain , March 26, 2024 /PRNewswire/ -- WebCargo by Freightos (NASDAQ: CRGO), a leading independent booking and payment platform for the international freight industry, is excited to announce a new collaboration with Delta Cargo, enhancing its offering to freight forwarders on Freightos' WebCargo and 7LFreight platforms via expanded access to real-time digital pricing and booking options for Delta Cargo's U.S. export and U.S. domestic air cargo capacity. Delta Cargo is a leading air cargo belly carrier based in the United States, and their general cargo products and tariff fares have been available for eBooking on WebCargo since 2020.
- 03/26/2024
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Fits Cargo Partners with WebCargo by Freightos to Ignite Digital Sales
- BARCELONA, Spain , March 13, 2024 /PRNewswire/ -- Freightos (NASDAQ: CRGO), a leading vendor-neutral booking and payment platform for the international freight industry, today announced a partnership of WebCargo by Freightos with Fits Cargo, an innovative carrier that combines a physical airline operation and interline agreements with over 160 airlines. This collaboration enables Fits Cargo to extend its service across WebCargo's extensive network of thousands of freight forwarders and dozens of airline carriers.
- 03/13/2024
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All You Need to Know About Freightos Limited (CRGO) Rating Upgrade to Strong Buy
- Freightos Limited (CRGO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 02/29/2024
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Freightos Limited (CRGO) Q4 2023 Earnings Call Transcript
- Freightos Limited (CRGO) Q4 2023 Earnings Call Transcript
- 02/26/2024
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Freightos Reports Fourth Quarter and Full-Year Results with Substantial Transaction Growth and Strong Financial Position
- Full-year #Transactions growth of 53% showcases robust marketplace expansion Year-end cash balance of $52 million secures foundation for future growth and innovation Exceeded or met expectations across all key performance indicators for the quarter and the year JERUSALEM , Feb. 26, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral digital booking and payment platform for the international freight industry, today reported financial results for the quarter and year ended December 31, 2023. "As we reflect on our first year as a public company - a year marked by significant challenges for the freight industry - Freightos not only demonstrated remarkable resilience, but also achieved a significant milestone in the growth of our platform, powering over a million transactions in 2023.
- 02/26/2024
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Freightos Announces Board of Directors Change
- JERUSALEM , Feb. 8, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today announced that William Chin, Head of Commodities at the Singapore Exchange stepped down from the board of directors, and that Carl Vine, Co-Head of Asia-Pacific Equity Investing at M&G Investments, was appointed to the board. Carl Vine joined the M&G Equity team in 2019 and has 27 years of investment experience.
- 02/08/2024
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Virgin Atlantic Cargo Joins Freightos' WebCargo to Bring Air Cargo eBooking to Thousands of Freight Forwarders Globally
- BARCELONA, Spain , Feb. 5, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral booking and payment platform for the international freight industry, announced that WebCargo by Freightos has partnered with Virgin Atlantic Cargo, a global air cargo leader. This collaboration combines Virgin Atlantic Cargo's extensive network with WebCargo's digital reach, providing more options for forwarders globally.
- 02/05/2024
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NAVIGATING TOMORROW: Japan Airlines Cargo Chooses WebCargo for Global Digital Expansion
- TOKYO and JERUSALEM , Jan. 24, 2024 /PRNewswire/ -- WebCargo by Freightos (NASDAQ: CRGO), the leading digital booking and payment platform for the international freight industry, today announced its partnership with JALCARGO, the cargo arm of Japan Airlines (JAL)). Thousands of freight forwarders already using WebCargo will now be able to eBook for JAL's air cargo capacity to Japan and other Asian countries from Japan, Europe and the United Kingdom.
- 01/24/2024
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Freightos Sees 36% Transaction Growth Due to Increased Digital Platform Adoption
- Freightos, a vendor-neutral booking and payment platform for the international freight industry, reported record transactions for the fourth quarter of 2023. The company recorded 286,900 transactions in the fourth quarter, marking the 16th consecutive quarter of record transactions on its platform, Freightos said in a Tuesday (Jan. 16) press release.
- 01/16/2024
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Freightos Announces Record Transactions for Fourth Quarter of 2023 and Date of Fourth Quarter and Full Year Earnings Release
- JERUSALEM , Jan. 16, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported preliminary Q4 2023 Key Performance Indicators. Actuals* Management's Expectations Actuals* Management's Expectations Q4 2023 Q4 2023 FY 2023 FY 2023 # Transactions ('000) 286.9 273.0 - 287.0 1,024.7 1,010.5 - 1,021.5 Year over Year Growth 36 % 53 % GBV ($m) 187.5 163.5 - 175.0 671.7 647.5 - 659.0 Year over Year Growth 10 % 10 % *Numbers are preliminary and subject to change with the full earnings release The fourth quarter of 2023 was another quarter of strong performance by Freightos.
- 01/16/2024
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Red Sea attacks: Freightos CEO discusses the impact of global trade, supply chain
- Freightos CEO Zvi Schreiber weighs in on navigating the Red Sea attacks and how some ships are re-routing on 'The Claman Countdown.' https://bit.ly/2D9Cdse Watch more Fox Business Video: https://video.foxbusiness.com Watch Fox Business Network Live: http://www.foxnewsgo.com/ FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street.
- 01/01/2024
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Freightos Limited to Present at the December 7th Virtual Investor Summit
- Jerusalem, Israel--(Newsfile Corp. - December 4, 2023) - Freightos Limited (NASDAQ: CRGO) announced today it will be presenting at the December 7th, 2023 virtual Investor Summit. Event: December 7th Investor Summit Presentation: December 7th, 2023 @ 9:30 AM ET Location: https://us06web.zoom.us/webinar/register/WN_WZH5LqMoRtufBLNkINIhCw About Freightos Limited Freightos® (NASDAQ: CRGO) operates a leading, vendor-neutral booking and payment platform for international freight.
- 12/04/2023
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Freightos Limited (CRGO) Q3 2023 Earnings Call Transcript
- Freightos Limited (NASDAQ:CRGO ) Q3 2023 Results Conference Call November 21, 2023 8:30 AM ET Company Participants Anat Earon-Heilborn - VP, IR Zvi Schreiber - CEO Ran Shalev - CFO Conference Call Participants Jason Helfstein - Oppenheimer George Sutton - Craig-Hallum Anat Earon-Heilborn Hello, everyone, and welcome to Freightos Q3 2023 Earnings Conference Call. A press release with detailed financial results for Q3 2023 was released earlier today and is available at freightos.com/investors.
- 11/23/2023
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Freightos Reports Third Quarter Results with Revenue Growth and Progress Toward Profitability
- Sustained growth in Transactions and in number of Buyer Users reflects continued marketplace growth dynamic Operational efficiency plan yields better than expected results enhancing the Company's financial standing JERUSALEM, Nov. 21, 2023 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral digital booking and payment platform for the international freight industry, today reported financial results for the quarter ended September 30, 2023. "We are pleased with our third quarter results, marking the 15th straight quarter of robust growth in the number of transactions.
- 11/21/2023
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Freightos Announces Record Transactions for Third Quarter of 2023 and Date of Third Quarter Earnings Release
- JERUSALEM , Oct. 18, 2023 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported Q3 2023 Key Performance Indicators. Actuals Management's Expectations Q3 2023 Q3 2023 # Transactions ('000) 269.2 243.5-259.5 Year over Year Growth 40 % GBV ($m) $160.7 $146.5 - $156.5 Year over Year Growth 1 % The third quarter of 2023 was the 15th consecutive quarter of record transactions booked on Freightos' platform, with 269 thousand transactions, up 40% from Q3 2022 and 12% from Q2 2023 and exceeding management expectations.
- 10/18/2023
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Freightos' WebCargo Partners with Chapman Freeborn to Offer Extensive Global Capacity
- JERUSALEM , Sept. 27, 2023 /PRNewswire/ -- WebCargo by Freightos (NASDAQ: CRGO), the leading digital booking and payment platform for the international freight industry, today announced a partnership with Chapman Freeborn, a leading aircraft charter company, to bring additional global capacity from their global charter business to WebCargo's platform early October, thereby enabling seamless pricing, booking and payment for thousands of freight forwarders worldwide.
- 09/27/2023
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With its Fleet of CO2-Friendly 'Longships': Norse Atlantic Airways Partners with WebCargo by Freightos to Propel its First-Ever Digital Sales
- JERUSALEM , Sept. 26, 2023 /PRNewswire/ -- Norse Atlantic Airways and WebCargo by Freightos (NASDAQ: CRGO), the leading air cargo booking platform, today announced a significant partnership to offer the European based carrier's capacities from the biggest European Union cities for instant eBooking and payment on WebCargo.
- 09/26/2023
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Freightos Fails To Generate Value From Growth
- Freightos operates a booking and payment platform for freight, aiming to make shipments faster, cost-effective, and reliable. The company has seen growth in the number of transactions but has not been able to translate it into higher revenues. CRGO faces challenges in commercializing its services profitably, with stagnant revenues, worsening adjusted EBITDA, and a cash burn that could lead to running out of cash by 2024.
- 08/29/2023
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Freightos Limited (CRGO) Q2 2023 Earnings Call Transcript
- Freightos Limited (NASDAQ:CRGO ) Q2 2023 Results Conference Call August 21, 2023 8:30 AM ET Company Participants Eytan Buchman - Chief Marketing Officer Zvi Schreiber - CEO Ran Shalev - CFO Conference Call Participants Jason Helfstein - Oppenheimer Brian Dobson - Chardan George Sutton - Craig-Hallum Hello, all. Welcome to Freightos' Q2 2023 earnings conference call.
- 08/22/2023
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If You Buy These 3 Stocks Now, You Could Have $1 Million in 10 Years
- Building a seven-figure portfolio takes time, patience, and requires choosing the right stocks for investment. Identifying companies with massive long-term growth potential can set you on the path to amassing $1 million or more over a decade.
- 08/22/2023
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Freightos laying off 13% of employees as revenue weakens
- Freightos, a digital marketplace for international air and ocean shipping, announced Tuesday that it will reduce staff levels by 13% and lowered its full-year outlook again in an effort to stem mounting losses as revenues fall short of expectations because of a prolonged downturn in freight markets. The news is the latest example of the ongoing freight recession taking a financial toll on companies in the freight transportation space.
- 07/11/2023
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Freightos' cash burn continues despite more user activity
- Freightos, a digital marketplace for air and ocean freight, reported adjusted losses before accounting measures increased 83% to $5.8 million in the first quarter due to ongoing investments in R&D and customer acquisition, despite transaction levels doubling. The results suggest that transactional fees are still too thin to overcome ongoing startup costs.
- 05/24/2023
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Freightos: A Digital Cargo Revolution But Where Is The Value?
- Freightos Limited aims to monetize on the freight market by offering digitization for air and sea shipping. Company raises $80 million in January and is in the scaling phase.
- 04/10/2023
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Freightos to Announce 2022 Financial Results on Monday, March 13, 2023
- JERUSALEM , March 6, 2023 /PRNewswire/ -- Freightos (Nasdaq: CRGO), a leading, vendor-neutral booking and payment platform for the vast international freight industry, today announced it will report its financial results for the fiscal year 2022 on Monday, March 13, 2023. Freightos' management will host a webcast and conference call to discuss the results that morning at 8:30am ET.
- 03/06/2023
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