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 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.