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Freightos Ltd - CRGO STOCK NEWS

Welcome to our dedicated news page for Freightos (Ticker: CRGO), a resource for investors and traders seeking the latest updates and insights on Freightos.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Freightos's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Freightos's position in the market.

News
Freightos Record Transactions and Gross Booking Value for First Quarter of 2024 Exceed Management Expectations
Rhea-AI Summary
Freightos (NASDAQ: CRGO) exceeded management expectations in the first quarter of 2024, reporting a 29% year-over-year growth in transactions and a 14% growth in Gross Booking Value (GBV). The company plans to release full earnings on May 20, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.08%
Tags
none
-
News
Delta Cargo Partners with Freightos' WebCargo and 7LFreight to Offer Real-Time Digital Air Cargo Quotes and Bookings
Rhea-AI Summary
WebCargo by Freightos (NASDAQ: CRGO) collaborates with Delta Cargo to enhance real-time digital pricing and booking options, expanding access to U.S. export and domestic air cargo capacity. The partnership aims to improve global trade efficiency by offering transparent booking of air cargo across Delta Air Lines' global network.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.45%
Tags
partnership
-
News
Fits Cargo Partners with WebCargo by Freightos to Ignite Digital Sales
Rhea-AI Summary
Freightos partners with Fits Cargo to extend global reach and enhance digital freight services
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.32%
Tags
partnership
News
Freightos Reports Fourth Quarter and Full-Year Results with Substantial Transaction Growth and Strong Financial Position
Rhea-AI Summary
Freightos Limited (NASDAQ: CRGO) reported a 53% growth in transactions, ending 2023 with a cash balance of $52 million. The company exceeded or met all key performance indicators, showcasing resilience and growth in the international freight industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.72%
Tags
none
-
News
Freightos Announces Board of Directors Change
Rhea-AI Summary
Freightos Limited (NASDAQ: CRGO) announced the resignation of William Chin, Head of Commodities at the Singapore Exchange, from the board of directors, and the appointment of Carl Vine, Co-Head of Asia-Pacific Equity Investing at M&G Investments, to the board. Carl Vine brings 27 years of investment experience and a proven track record in investing in innovative growth companies focused on disruptive technologies. As the largest Freightos investor, M&G Investments is committed to a long-term relationship with Freightos, aligning with the company's vision to digitalize the freight industry and contribute to decarbonization through better capacity utilization and carbon footprint visibility. CEO Zvi Schreiber expressed gratitude for William Chin's contributions and welcomed Carl Vine's fresh perspectives and insights to support the company's journey towards sustainable, capital-efficient growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.42%
Tags
management
-
News
Virgin Atlantic Cargo Joins Freightos' WebCargo to Bring Air Cargo eBooking to Thousands of Freight Forwarders Globally
Rhea-AI Summary
Freightos Limited (NASDAQ: CRGO) has announced a partnership between WebCargo by Freightos and Virgin Atlantic Cargo, a global air cargo leader. This collaboration aims to combine Virgin Atlantic Cargo's extensive network with WebCargo's digital reach, providing more options for forwarders globally. Virgin Atlantic Cargo's state-of-the-art cargo center 'dnata City East' offers the latest technology and facilities to handle cargo efficiently and ensures smooth connections to its onward network. The partnership means that freight forwarders in over 10,000 offices worldwide gain instant, digital access to Virgin's vast network, including key destinations such as New York, Los Angeles, and New Delhi.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.12%
Tags
none
News
NAVIGATING TOMORROW: Japan Airlines Cargo Chooses WebCargo for Global Digital Expansion
Rhea-AI Summary
WebCargo by Freightos (CRGO) announced a partnership with JALCARGO, the cargo arm of Japan Airlines, to offer air cargo capacity to Japan and other Asian countries. This partnership aims to provide real-time rates, easy booking, and payment for cargo online, expanding trade between Europe, Japan, and the United Kingdom.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
Tags
none
-
News
Freightos Announces Record Transactions for Fourth Quarter of 2023 and Date of Fourth Quarter and Full Year Earnings Release
Rhea-AI Summary
Freightos Limited (NASDAQ: CRGO) reported strong Q4 2023 Key Performance Indicators, with 36% year-over-year growth in transactions and 10% growth in Gross Booking Value (GBV). The company exceeded management expectations, booking over a million transactions in 2023, showcasing its leading position in the global freight industry. The sustained growth is attributed to the digitalization and platformification of the industry, with buyer and seller dynamics driving marketplace expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.14%
Tags
earnings
-
News
Freightos Limited to Present at the December 7th Virtual Investor Summit
Rhea-AI Summary
Freightos Limited (NASDAQ: CRGO) will be presenting at the December 7th, 2023 virtual Investor Summit. The presentation is scheduled for December 7th, 2023, at 9:30 AM ET. Investors can register for the event at https://us06web.zoom.us/webinar/register/WN_WZH5LqMoRtufBLNkINIhCw.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.64%
Tags
conferences
News
Freightos Reports Third Quarter Results with Revenue Growth and Progress Toward Profitability
Rhea-AI Summary
Freightos Limited (CRGO) reports sustained growth in transactions and number of buyer users, reflecting a dynamic marketplace growth. The operational efficiency plan yielded better than expected results, enhancing the company's financial standing. The 15th straight quarter of robust growth in transactions indicates a strong value proposition, despite the industry downturn. Global trade volumes continue to grow, providing optimism for recovery in the global freight market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.82%
Tags
earnings
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Freightos Ltd

Nasdaq:CRGO

CRGO Rankings

#4046 Ranked by Market Cap
#5283 Ranked by Stock Gains
N/A Ranked by Dividends

CRGO Stock Data

117.56M
19.22M
47.26%
14.88%
0.07%
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About CRGO

freightos™ makes shipping smoother with the world's online freight marketplace and freight automation technology. the freightos software-as-a-service (saas) technology allows freight forwarders and carriers to manage contracts, and automate and manage the quotation and sales process, from their own web site. freightos combines all freight rates including fees and surcharges into one web based freight (saas) operating system. we can directly import all major carrier contracts into the system. the freightos team, led by zvi schreiber, and is the trading name of tradeos limited, a hong kong company. the company is at https://www.freightos.com and also operates a spot market for freight at https://market.freightos.com.