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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.
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.
For more information, visit freightos.com/investors.
Freightos Limited reported a significant surge in transactions on its platform, with 211,000 transactions in Q4 2022, a remarkable 117% increase year-over-year.
The total freight transactions for 2022 reached 668,000, representing a 154% growth from 2021. Despite a contraction in the global freight market, Freightos achieved $611 million in Gross Booking Value (GBV), doubling its value from the previous year. The company anticipates becoming NASDAQ: CRGO by the end of January 2023 as it moves forward with its business combination with Gesher I Acquisition Corp.
Gesher I Acquisition Corp. announced the successful closure of the sale of an additional 1,500,000 units at $10.00 each, yielding total gross proceeds of $15,000,000. This sale is part of the overall allotment option related to the company’s initial public offering, which raised $115,000,000 altogether. The units are now trading on Nasdaq under the ticker symbol GIACU. Each unit includes one ordinary share and a half warrant, with the ordinary share set to trade under GIAC.
