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 (NASDAQ: CRGO) generates frequent news as a vendor-neutral global freight booking and payment platform serving the international freight industry. This news page aggregates announcements, press releases, and market updates related to Freightos, providing context for investors and logistics professionals who follow the company’s progress in digitizing freight.
Readers can expect coverage of quarterly and annual results, where Freightos reports revenue trends, transaction volumes, gross booking value (GBV), and other key performance indicators such as the number of carriers and unique buyer users on its platform. The company often highlights consecutive quarters of record transactions and updates on its multimodal strategy across air and ocean freight.
News items also include product and platform developments, such as the launch of WebCargo Rate & Quote Ocean, which extends digital pricing, quoting, and booking from air into ocean freight, and enhancements to WebCargo and 7LFreight for freight forwarders. Partnership announcements with airlines, regional carriers, and general sales agents illustrate how the network of carriers and routes available through WebCargo by Freightos continues to evolve.
Corporate governance and leadership updates are another recurring theme, including board appointments, executive hires such as the Chief Revenue Officer, and CEO succession developments. These items provide insight into how Freightos is shaping its leadership to support its platform and solutions strategy.
By monitoring this page, users can follow how Freightos expands its carrier network, deepens relationships with freight forwarders and shippers, and advances its data offerings like Freightos Terminal, the Freightos Air Index (FAX), and the Freightos Baltic Index (FBX). Bookmark this feed to review historical announcements and stay aware of new disclosures as they are released.
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.
Freightos (NASDAQ: CRGO) announced that WestJet Cargo has joined its WebCargo and 7LFreight platforms, enabling freight forwarders to access real-time rates, make eBookings, and process payments online. The integration expands WebCargo's network on key routes from Calgary to major international hubs including Tokyo Narita, London Heathrow, and Paris Charles de Gaulle.
The collaboration provides digital access to WestJet Cargo's services for transporting general cargo, perishables, high-value goods, pharmaceuticals, and time-sensitive shipments across their network of over 100 destinations. Freightos reports a 22% year-over-year increase in transactions, now supporting approximately 350,000 transactions, indicating growing demand for digital logistics solutions.
Freightos (NASDAQ: CRGO) reported strong preliminary Q4 2024 results, marking its 20th consecutive quarter of record transactions. The company facilitated 350,400 transactions in Q4, a 22% year-over-year growth, exceeding management's expectations. The total Gross Booking Value (GBV) reached $280.5 million, showing a 50% year-over-year increase.
The company significantly expanded its carrier network to 67 carriers, up from 45 in Q4 2023, marking the strongest carrier growth in a single quarter. Unique buyer users grew 14% to approximately 20,100. For the full year 2024, Freightos recorded 1,301,500 transactions (27% YoY growth) and $894 million in GBV (33% YoY growth). The company plans to announce Q4 and FY 2024 financial results on February 24, 2025.
Swiss WorldCargo, SWISS's air freight division, has partnered with Freightos (NASDAQ: CRGO) to enhance digital booking capabilities. The collaboration enables booking of Swiss WorldCargo's products and services through WebCargo by Freightos in selected markets across Europe, Asia, and Americas.
Swiss WorldCargo operates across over 170 global destinations, specializing in high-value, care-intensive, and temperature-sensitive shipments. Through WebCargo's platform, which connects with more than 55 airlines and 370 air cargo carriers, forwarders can access real-time rates and capacity for services including SWISS General Cargo and SWISS Pharma and Healthcare, along with Celsius Passive temperature-sensitive shipping and X-Presso expedited transportation options.
Freightos (NASDAQ: CRGO) reported strong Q3 2024 results with revenue reaching $6.2 million, up 21% year-over-year. The company achieved record transactions of 339,100, a 26% increase, and Gross Booking Value of $217.5 million, up 35%. IFRS Gross Margin improved to 65.0% from 54.9%, while operating loss decreased to $4.9 million from $9.3 million. The company successfully integrated Shipsta, expanded carrier network to 55, and grew unique buyer users by 14% to 19,700. Management raised full-year guidance, expecting revenue at the higher end of previous range and improved Adjusted EBITDA, targeting positive figures by end of 2026.
Freightos (NASDAQ: CRGO) announced that CFO Ran Shalev will step down effective December 31, 2024, to pursue another role. Shalev, who served as CFO since 2016, will assist with operations and handover throughout Q1. During his tenure, he oversaw the company's financial operations, including its Nasdaq listing, strategic acquisitions, and growth in revenue and transaction volumes. The company is currently searching for a successor, with Shalev confirming he will remain a shareholder and support a smooth transition.
Freightos (NASDAQ: CRGO) has officially launched its integration with e2open, embedding WebCargo air cargo eBooking into e2open's Transportation Management System (TMS). The integration enables freight forwarders to access real-time air freight rates and make instant bookings directly within the TMS platform, eliminating manual processes and context switching. Crane Worldwide Logistics is among the global logistics providers testing the system, which aims to streamline operations and improve response time to client needs through automated, real-time access to rates and bookings.
Freightos (NASDAQ: CRGO), a leading vendor-neutral booking and payment platform for international freight, has announced its participation in the upcoming Sidoti November Virtual Investor Conference. Zvi Schreiber, Founder and CEO, along with CFO Ran Shalev, will present on November 13th at 9:15AM ET and host one-on-one meetings with investors during the conference on November 13-14, 2024. The presentation will be accessible via a live webinar link, and registration for both the presentation and one-on-one meetings is free and open to all investors and financial professionals through the Sidoti website.
Freightos (NASDAQ: CRGO) announces that Qantas Freight has joined its air cargo booking platform. The integration enables freight forwarders to search, compare and book capacity across Freightos' WebCargo and 7LFreight platforms for Qantas and Jetstar services between the US, Australia, and New Zealand. The network connects major US hubs (LAX, SFO, DFW, JFK) with Australian cities (Sydney, Melbourne, Brisbane). Forwarders can access instant rate quotes and bookings for ground and air providers, including LTL shipments, domestic US air cargo, and international air cargo on a single platform. WebCargo by Freightos now hosts 55 carriers, representing nearly 70% of global air cargo capacity.