Freightos Ltd Stock Price, News & Analysis

Freightos (NASDAQ: CRGO), the leading vendor-neutral global freight booking and payment platform, has announced significant changes to its board of directors. Udo Lange, a board member since 2019 and current CEO of Stolt-Nielsen, has been appointed as Non-Executive Chairman. Additionally, Rotem Hershko, with extensive experience from Amazon Global and Maersk, has joined as a Director.

The appointments strengthen Freightos' leadership with Lange's 30+ years of logistics expertise, including senior roles at FedEx, and Hershko's platform technology background. The company reports an annualized run rate exceeding 1.5 million platform transactions after 22 consecutive quarters of growth, while expanding its customer base across forwarders, airlines, and multinational BCOs.

Freightos (NASDAQ: CRGO) announced a strategic partnership with SriLankan Cargo to integrate the airline's cargo services into WebCargo's digital booking and payment platform. The integration, set to launch later in Q3 2025, will provide 10,000+ freight forwarding offices with instant access to SriLankan's air freight capacity across 32 online destinations in 21 countries.

The partnership significantly enhances Freightos' presence in South Asia and provides digital access to Colombo's growing transshipment hub. SriLankan Cargo's network offers strong coverage across key trade lanes connecting the Middle East, Southeast Asia, Europe, and the Indian subcontinent. The integration includes WebCargo Pay, enabling non-IATA forwarders to access capacity without traditional credit requirements.

Freightos (NASDAQ: CRGO), the leading digital freight booking platform, reported strong Q2 2025 preliminary KPIs, achieving its 22nd consecutive quarter of record transactions. The company recorded 397,000 transactions, representing a 26% year-over-year growth and exceeding management's expectations of 380-385k.

The platform's Gross Booking Value (GBV) reached $317 million, marking a significant 56% increase year-over-year, substantially surpassing the projected range of $278-285 million. Freightos expanded its carrier network to 75 carriers, adding notable airlines like China Airlines and Air Europa, while unique buyer users grew 6% to 20,200. The company will report full Q2 2025 earnings on August 18, 2025.

Freightos (NASDAQ:CRGO) announced an expanded partnership with SEKO Logistics to scale its digital freight booking and payment solutions across SEKO's global operations. The integration combines Freightos' 7LFreight and WebCargo forwarder solutions to unify air and ground rate management and booking workflows.

The enhanced partnership provides SEKO access to live airfreight pricing from over 70 airlines and rates from 150 LTL and 3,000 cartage providers. The integration streamlines operations by enabling direct booking flow into SEKO's systems, improving speed and accuracy for multimodal shipments.

Freightos (NASDAQ: CRGO) announced that CEO Zvi Schreiber will be presenting at the upcoming Investor Summit Virtual event scheduled for June 10, 2025. The presentation will provide an opportunity for investors to learn more about the company's operations and strategy. This virtual event allows shareholders and potential investors to gain insights directly from Freightos' leadership.

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.