Welcome to our dedicated page for Freightos news (Ticker: CRGO), a resource for investors and traders seeking the latest updates and insights on Freightos stock.
Freightos Limited reports developments tied to its vendor-neutral digital pricing, booking, procurement and payment platform for international freight. The company connects airlines, ocean carriers, freight forwarders, importers and exporters through products including Freightos Enterprise, Freightos Marketplace, WebCargo, 7LFreight by WebCargo, WebCargo for Airlines and Clearit.
Recurring news covers platform transaction KPIs, quarterly and annual results, airline network additions, digital payments adoption, software and solutions strategy, and cost-structure actions. Company updates also address governance changes and annual reporting, along with data products such as Freightos Terminal, the Freightos Air Index and the Freightos Baltic Index.
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.
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JetBlue Cargo, through AeroNex Cargo, will implement real-time pricing, booking, and payment solutions for freight forwarders in the US via WebCargo by Freightos (Nasdaq: CRGO). This initiative aims to enhance air cargo efficiency, leveraging JetBlue's A320 and A321 fleet to provide 1 to 3-day service across over ten North American airports. The collaboration will enable seamless booking and payment, boosting competitive service offerings for forwarders. With air cargo being the fastest-growing aviation segment, both companies are poised to streamline operations for over 10,000 forwarding offices globally, enhancing customer service efficiency.
Freightos Limited (Nasdaq: CRGO) recently closed its business combination with Gesher I Acquisition Corp., raising over $80 million to enhance its freight booking and payment platform. In 2022, Freightos achieved a remarkable 54% growth in digital booking transactions, totaling almost $600 million in Gross Booking Value (GBV). The company is positioning itself as a leader in digitizing the global freight industry, aiming to modernize traditional shipping practices. Trading under the ticker symbols "CRGO" and "CRGOW", Freightos plans to use the capital raised to scale operations, enhance technology, and improve customer offerings.