Core Insights - Freightos has launched the Freightos Index Linking Toolkit, enhancing its Freightos Terminal market intelligence solution to enable dynamic contract pricing that adjusts to market fluctuations [1][2] - The index-linking approach is transforming freight contract management, particularly in containerized shipping and air cargo, by providing a more resilient and efficient pricing model [2][3] Company Overview - Freightos is a leading digital freight booking and payment platform, connecting airlines, ocean carriers, freight forwarders, and importers/exporters to streamline global trade [7][8] - The platform digitizes the international freight industry, offering a suite of software solutions for pricing, quoting, booking, shipment management, and payments [8] Industry Impact - Index-linking is becoming increasingly important in the freight industry, allowing for stable and reliable contracts while reducing the need for renegotiations [2][3] - The Freightos Baltic Index (FBX) and Freightos Air Index (FAX) serve as foundational elements for the index-linking toolkit, based on extensive transactional data [4][9] Operational Efficiency - The toolkit aims to reduce freight pricing exposure and improve internal efficiency for carriers, forwarders, and beneficial cargo owners (BCOs) when combined with freight future agreements [5] - Logistics teams are shifting from annual to quarterly renegotiations of freight contracts due to ongoing market volatility, highlighting the need for more adaptive solutions [6]

Company Overview - Freightos Limited (NASDAQ: CRGO) is a leading vendor-neutral digital booking and payment platform for the international freight industry [1][4] - The platform digitizes the trillion-dollar international freight industry, offering a suite of software solutions for pricing, quoting, booking, shipment management, and payments [5] Leadership Appointment - Pablo Pinillos has been appointed as Chief Financial Officer, effective March 1, 2025 [1] - Pinillos brings over 20 years of global leadership experience in finance, strategy, and operations, with a strong track record in scaling high-growth tech companies [2] Strategic Vision - CEO Zvi Schreiber emphasized that Pinillos' leadership in finance and operations will be crucial for Freightos as it continues to scale and digitalize the international freight industry [3] - Pinillos expressed his commitment to driving growth, operational efficiency, and stakeholder value at Freightos [3]

Group 1 - Freightos Limited has added CMA CGM AIR CARGO to its WebCargo and 7LFreight cargo booking platforms, allowing forwarders to access CMA CGM's global air freight network and real-time rates [1][2] - This partnership emphasizes the need for flexibility and scalability in the post-COVID supply chain environment, addressing ongoing disruptions and the demand for reliable freight solutions [2][3] - The integration of CMA CGM AIR CARGO's capacity into Freightos' platforms aims to streamline logistics and provide expanded capacity across major trade hubs in Europe, North America, and Asia [3] Group 2 - Freightos operates as a vendor-neutral global freight booking platform, connecting airlines, ocean carriers, freight forwarders, and importers/exporters to enhance world trade efficiency [5][6] - The company digitizes the international freight industry, offering a suite of software solutions for pricing, quoting, booking, shipment management, and payments [6][7] - Freightos provides real-time industry data through Freightos Terminal, which includes leading spot pricing indexes for air cargo and container shipping [7]

Group 1 - Freightos Limited has added WestJet Cargo to its WebCargo and 7LFreight platforms, allowing freight forwarders to access real-time rates, place eBookings, and pay online [1][2] - WestJet Cargo expands WebCargo's network on key tradelanes from Calgary to major international hubs such as Tokyo, London, and Paris, facilitating the transport of various cargo types including perishables and pharmaceuticals [2][3] - The collaboration enhances WestJet Cargo's capacity, connecting thousands of forwarders to over 100 destinations, and supports the growing demand for efficient digital logistics solutions [3][4] Group 2 - Freightos has facilitated tens of thousands of eBookings from Europe to Canada since launching WebCargo, indicating a strong uptake of its digital platform [3] - The company reported a 22% year-over-year increase in transactions, highlighting the rising demand for digital logistics solutions [4] - Freightos operates a suite of software solutions that digitize the international freight industry, including pricing, quoting, booking, shipment management, and payments [6]

Core Insights - Freightos Limited reported preliminary key performance indicators for Q4 2024 and FY 2024, indicating continued growth in platform usage and network expansion, achieving the 20th consecutive quarter of record transactions and the highest number of new carriers added in a single quarter [1][4][8] Performance Metrics - Transactions: Freightos facilitated 350,400 transactions in Q4 2024, representing a 22% year-over-year growth, exceeding management's expectations [3][8] - Gross Booking Value (GBV): The total GBV reached $280.5 million in Q4 2024, reflecting a 50% year-over-year increase, driven by robust transaction growth and sustained elevated market rates [3][8] - Year-over-Year Growth: For FY 2024, GBV was $894 million, showing a 33% year-over-year growth [3][8] Network Expansion - Carrier Growth: The number of unique carriers increased to 67 in Q4 2024, up from 45 in Q4 2023, marking the strongest carrier growth in a single quarter in the company's history [8] - Buyer Growth: Unique buyer users on the platform grew by 14% to approximately 20,100 by the end of Q4 2024, highlighting the network effects of Freightos' platform [8] Future Outlook - The company plans to report full financial results for Q4 2024 on February 24, 2025, with a conference call scheduled for the same day [6][8]

Group 1 - Swiss WorldCargo and Freightos Limited have established a collaboration to enhance the digital booking experience for customers in the air freight sector [1][2] - The partnership integrates Swiss WorldCargo's long-haul connectivity with Freightos' real-time rate comparisons and eBooking capabilities, aiming to provide a seamless digital experience [2][4] - Swiss WorldCargo is recognized for its expertise in transporting high-value, care-intensive, and temperature-sensitive shipments across a network of over 170 destinations globally [3][8] Group 2 - The collaboration aims to provide freight forwarders with enhanced options for specialized shipments, including pharmaceuticals, through the WebCargo platform [4][5] - Swiss WorldCargo's product portfolio available on WebCargo includes SWISS General Cargo and SWISS Pharma and Healthcare, which can be paired with temperature-sensitive transportation solutions [5][6] - The integration into WebCargo is seen as a significant milestone in the digital transformation of the air cargo industry, allowing freight forwarders to book air cargo needs instantly [7][10] Group 3 - Swiss International Air Lines (SWISS) operates one of Europe's most advanced and carbon-efficient aircraft fleets, committed to ambitious climate goals [8] - Freightos is a leading vendor-neutral global freight booking platform that connects various stakeholders in the freight industry, enhancing efficiency and resilience in world trade [9][10] - The Freightos platform digitizes the international freight industry, offering a suite of software solutions for pricing, quoting, booking, shipment management, and payments [10][11]

Freightos Limited (NASDAQ:CRGO) Q3 2024 Earnings Conference Call November 25, 2024 8:30 AM ET Company Participants Anat Earon-Heilborn - Investor Relations Zvi Schreiber - Chief Executive Officer and Chairman Ran Shalev - Chief Financial Officer Conference Call Participants Jason Helfstein - Oppenheimer Logan Lillehaug - Craig-Hallum Anat Earon-Heilborn Hello and welcome to Freightos Q3 2024 Earnings Conference Call. A press release with detailed financial results was released earlier today and is available ...

Freightos Limited (CRGO) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 72.73%. A quarter ago, it was expected that this company would post a loss of $0.10 per share when it actually produced a loss of $0.11, delivering a surprise of -10%.Over the last four quarters, the company has surpasse ...

Full-year revenue guidance now at the higher end of the previous range, Adjusted EBITDA guidance upBARCELONA, Spain, Nov. 25, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral digital booking and payment platform for the international freight industry, today reported financial results for the quarter ended September 30, 2024. The consistent growth trend continued, with record Transactions, record revenue, and the highest revenue growth rate and highest adjusted EBITDA since goi ...

BARCELONA, Spain, Nov. 25, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral digital booking and payment platform for the international freight industry, today announced that Ran Shalev, Chief Financial Officer, has decided to conclude his tenure effective December 31, 2024, to pursue another role. The company is in the process of a search for a successor. In order to ensure continuity, Mr. Shalev has agreed following his departure to actively assist with ongoing operations and ...