Freightos Ltd Stock Price, News & Analysis

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.

Freightos (NASDAQ: CRGO) has announced the integration of CMA CGM AIR CARGO into its WebCargo and 7LFreight cargo booking platforms. The partnership enables freight forwarders to access real-time rates and eBook cargo on CMA CGM AIR CARGO's global network, specifically on key tradelanes connecting the United States, France, Italy, Spain, and Asia.

The collaboration, launched on January 30, aims to enhance supply chain flexibility and scalability in response to ongoing post-COVID disruptions. Through Freightos's platforms, CMA CGM AIR CARGO strengthens its commitment to meeting global shippers' needs by providing a seamless digital booking experience across major trade hubs in Europe, North America, and Asia.

Freightos (NASDAQ: CRGO) announced that Norwegian Cargo, in collaboration with Euro Cargo Aviation (ECA), has joined WebCargo by Freightos platform. This marks Norwegian Cargo's first digital booking platform integration, providing real-time eBooking capabilities to freight forwarders across its network of 40 European airports and international routes.

The initial rollout focuses on major UK hubs including London Gatwick (LGW), Manchester (MAN), and Edinburgh (EDI). The UK market has shown significant growth, with a 40% increase in booking volumes in Q3 2024 compared to the previous year. WebCargo now covers approximately 70% of global air cargo capacity, serving over 10,000 freight forwarder offices.