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 Ltd (CRGO) operates a leading digital freight marketplace transforming global logistics through real-time booking and vendor-neutral pricing solutions. This page aggregates official company announcements and market-moving developments for stakeholders tracking innovation in freight technology.
Access curated CRGO news including quarterly earnings reports, strategic partnerships, platform enhancements, and industry recognition. Investors gain insights into operational milestones impacting the $9 trillion global freight sector, from SaaS product launches to carrier network expansions.
Content spans financial disclosures, technology innovations like AI-driven rate management tools, and strategic collaborations with logistics providers. Regular updates reflect CRGO's role in digitizing complex supply chains across 180+ countries.
Bookmark this page for streamlined monitoring of CRGO's market position and logistics industry leadership. Combine real-time updates with historical context to assess the company's growth trajectory in freight digitalization.
Freightos' WebCargo (NASDAQ: CRGO) has announced a partnership with Thai Airways to enhance digital air cargo services. This partnership will integrate Thai Airways' cargo capacities into WebCargo's platform, providing real-time booking, pricing, and payment options. The collaboration will initially benefit freight forwarders in Australia, Japan, Thailand, and the UK. WebCargo Pay, the integrated payment solution, aims to offer seamless payments and reconciliations. This move supports Thai Airways' digital transformation and expands its audience, empowering more freight forwarders to grow their businesses efficiently.
Freightos (CRGO) reported robust financial results for Q1 2024, including a 11% increase in revenue to $5.4 million, and an IFRS gross margin rise to 62.6%. The company achieved record transactions, with a 29% year-over-year growth, totaling 295.6 thousand transactions. Gross Booking Value (GBV) rose by 14% to $192.4 million. The company reduced its IFRS operating loss from $58 million to $5.5 million, despite a one-time expense in Q1 2023. Adjusted EBITDA improved from negative $5.8 million to negative $3.6 million. Freightos holds $49.8 million in cash and equivalents. The outlook for Q2 2024 includes projected revenue of $5.5-$5.6 million and continued strong transaction and GBV growth.
Freightos (NASDAQ: CRGO) has expanded its collaboration with United Cargo (NASDAQ: UAL) by integrating United Cargo's services into the WebCargo digital booking platform. This partnership enables United Cargo to offer an additional online booking option, complementing its existing website capabilities. Initially available in Belgium, France, Germany, the Netherlands, Switzerland, and the UK, the service is set to expand to U.S. and Canadian customers later in May. United Cargo President Jan Krems emphasized the importance of this advancement in enhancing customer experience. Freightos' Chief Revenue Officer, Manuel Galindo, highlighted the growing trend of eBookings in Europe and the Americas and expressed enthusiasm for the partnership's role in United Cargo's digital transformation.
WebCargo by Freightos, a leading booking and payment platform for the international freight industry, announces a new partnership with Singapore Airlines. This collaboration will provide users with an end-to-end booking experience and expand reach in the Asia-Pacific region. The platform saw a significant increase in digital bookings from Asia origins, showing a growing trend towards digitalization. Singapore Airlines' cargo capacity on WebCargo will give users access to more destinations in Asia, enhancing the booking experience for freight forwarders.
FAQ
What is the current stock price of Freightos (CRGO)?
What is the market cap of Freightos (CRGO)?
