Welcome to our dedicated page for Freightos Ordinary shares news (Ticker: $CRGO), a resource for investors and traders seeking the latest updates and insights on Freightos Ordinary shares stock.
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 Ordinary shares'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.
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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.
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Rhea-AI Sentiment
End-of-Day
4.82%
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Rhea-AI Summary
Freightos reports Q3 2023 Key Performance Indicators, exceeding management expectations
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End-of-Day
-1.21%
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Rhea-AI Summary
WebCargo by Freightos announced a partnership with Chapman Freeborn to bring additional global capacity to their platform, enabling seamless pricing, booking, and payment for freight forwarders worldwide.
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End-of-Day
0.43%
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Rhea-AI Summary
Norse Atlantic Airways partners with WebCargo by Freightos to offer instant eBooking and payment for European flights. Norse Atlantic plans to open capacity from London to Barbados and Jamaica, and from Oslo to Thailand. Norse Atlantic operates out of Miami International for Latin America shipments. The partnership is expected to boost cargo sales and brand growth for Norse Atlantic.
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End-of-Day
6.98%
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Rhea-AI Summary
Freightos reports Q2 2023 financial results, achieving record transaction numbers and slightly increased platform revenue. Global freight rates in Q3 show signs of recovery with a 35% gain on the FBX01 index. The company remains on track to reach profitability with existing funds and expects improved Adjusted EBITDA in Q3 and beyond. Despite a decrease in revenue compared to Q2 2022, Freightos' gross margins remain high and stable. The company's marketplace growth continues, fueled by carrier supply side growth and a 10% YoY increase in unique buyer users. Freightos Terminal expands its user base and WebCargo Solutions for forwarders sees improvements. Management provides financial outlook for Q3 2023 and FY 2023.
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Rhea-AI Sentiment
End-of-Day
3.44%
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Rhea-AI Summary
Freightos Limited reported Q2 2023 Key Performance Indicators. The company booked a record 239 thousand transactions in Q2 2023, up 59% from Q2 2022. Gross Booking Value (GBV) was below expectations due to reduced market freight rates. The company announced an operational efficiency plan to improve Adjusted EBITDA by $5.6 million per year. Financial results for Q2 2023 will be announced on August 21, 2023.
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Rhea-AI Sentiment
End-of-Day
-9.94%
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Freightos Limited announced that WebCargo by Freightos now enables digital interlining, reducing the time to book interline shipments from days to seconds. This milestone is a significant step towards streamlined interlining and offers airlines the opportunity to improve capacity utilization, broaden global coverage, and create new business opportunities.
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-0.84%
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-4.6%
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WebCargo by Freightos has launched its Airline Dashboard for its airline partners. The dashboard provides insights into demand patterns and pricing, allowing airlines to optimize revenue and utilization. It offers real-time data on customer behavior and market trends, helping airlines adjust pricing strategies and cargo offers to meet customer needs.
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Rhea-AI Sentiment
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5.51%
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-6.28%
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Freightos Limited Ordinary shares
Nasdaq:CRGO
CRGO Rankings
CRGO Stock Data
131.48M
19.22M
47.26%
14.88%
0.07%
Postal Service
Transportation and Warehousing
United States of America
Jerusalem
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.