Summary of Freightos Conference Call Company Overview - **Company Name**: Freightos - **Industry**: Digital Freight Forwarding and Logistics - **Key Executives**: Svee Schreiber (CEO), Pablo Pinelos (CFO), Anna Aaron Halbrunn (IR) Core Points and Arguments 1. **Market Position**: Freightos is a leader in digitizing the freight forwarding industry, which is still largely offline, with over a million digital bookings annually, representing a small portion of a multi-billion dollar industry [5][6][9] 2. **Growth Metrics**: The number of transactions has grown 3.5 times over the last three years, indicating rapid growth in the marketplace [7][41] 3. **Marketplace Structure**: Freightos operates a three-sided marketplace involving carriers, freight forwarders, and importers/exporters, which enhances network effects and growth dynamics [8][41] 4. **Financial Performance**: Revenue has been consistently growing, with a non-IFRS margin currently at 74%, aiming for 80% [9][10][50] 5. **Investment Strategy**: The company is intentionally not break-even yet, as it prioritizes investment in marketing and R&D to capture market opportunities [10][12] 6. **Cash Position**: Freightos has over $30 million in cash, sufficient to reach profitability without needing to raise additional capital in the near term [11][62] 7. **Revenue Segmentation**: Revenue is divided into two segments: platform revenue (transactional) and solutions revenue (subscription-based), with the expectation that platform revenue will grow faster [48][49] 8. **Tariff Impact**: While tariffs can create short-term headwinds, the overall trend of world trade remains positive, and the company is positioned to benefit from increased marketplace usage during volatility [35][36][38] Additional Important Insights 1. **Industry Dynamics**: The freight forwarding industry is characterized by a high number of manual processes and intermediaries, presenting a significant opportunity for digital transformation [23][24] 2. **Comparison with Competitors**: Freightos differentiates itself from competitors like Flexport by being a neutral platform rather than a freight forwarder, allowing for higher margins and a broader market reach [70] 3. **Long-term Growth Potential**: The company believes it can grow significantly regardless of fluctuations in global trade, as it has only digitized a small percentage of the market [67][68] 4. **Market Trends**: The shift towards digital platforms in B2B commerce is seen as a major trend, with Freightos aiming to be a leader in this space [27][28] Conclusion Freightos is positioned as a leading digital platform in the freight forwarding industry, with strong growth metrics, a solid financial foundation, and a clear strategy for future expansion. The company is focused on leveraging its marketplace structure to capitalize on the ongoing digital transformation in logistics.

Financial Data and Key Metrics Changes - The company reported revenue of $6.9 million, representing a 30% year-on-year growth [24] - Platform revenue was $2.3 million, up 23% year-on-year, while solutions revenue reached $4.6 million, up 33% year-on-year [25] - Gross margin improved to 66.8% on an IFRS basis, up from 62.6% in Q1 last year, and non-IFRS gross margin increased to 73.7% from 70.3% [25][26] - Adjusted EBITDA improved to a loss of $3 million from a loss of $3.6 million in Q1 last year [26] Business Line Data and Key Metrics Changes - The company facilitated over 370,000 transactions in Q1, a 25% increase from the same period last year [6] - The onboarding of four new carriers brought the total to 71 carriers on the platform [7][21] - The solutions segment saw notable enterprise customer wins, including a renewal from a global industrial conglomerate and a new contract with a major European building materials manufacturer [17][18] Market Data and Key Metrics Changes - In air cargo, global volumes increased by 8% year-over-year, while rates were 6% lower compared to last year [7][8] - China's US ocean volumes dropped significantly during a period of high tariffs, impacting the market [8] - The bellwether FBX01 index for shipping a 40-foot container transpacific dropped to around $2,000, reflecting a return to long-term average rates [9] Company Strategy and Development Direction - The company aims to digitalize international shipping and expand its platform across multiple dimensions, including adding new transaction types and enriching existing services [15][14] - The launch of the Freightos Enterprise software as a service solution is expected to create new sales and cross-sell opportunities [7] - The company is focused on network effects to drive sustainable competitive advantage and capital-efficient growth [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential stabilization in trade relations following recent US-China agreements [11][12] - The company remains cautious about the impact of tariffs and trade policy changes on its business, noting that market volatility can increase the need for its marketplace [10][28] - The company reiterated its guidance for the year, expecting continued growth despite macroeconomic uncertainties [28] Other Important Information - The company ended the quarter with $36.4 million in cash and cash equivalents, maintaining a strong balance sheet [27] - The Freightos Enterprise Suite was launched shortly after the quarter end, designed to serve the complex needs of multinational shippers [19][20] Q&A Session Summary Question: What could affect the company's ability to hit targets for the year? - Management noted that fluctuations in trade volumes could impact the platform segment, while macroeconomic uncertainty could affect the solutions segment [33][36] Question: How could supply chain diversification benefit the company? - Management indicated that volatility in trade could benefit the marketplace, providing valuable tools and data to the industry [40][42] Question: What is the revenue dynamic behind the new trucking partnership? - The trucking partnership is expected to enhance the platform's offerings, allowing freight forwarders to manage multimodal shipments more easily [51][56] Question: Why is there a mismatch between GBV and revenue growth? - The company explained that a large portion of transactional bookings is based on a flat fee, which contributes to the mismatch [71][72] Question: What constitutes the economic moat for the company? - The company emphasized that network effects create a significant moat, as the platform connects a large number of buyers and sellers [73][75]

Group 1: Acquisition and Financial Outlook - NTG has completed the acquisition of DTK on May 7, 2025, which is expected to contribute approximately DKK 75 million to adjusted EBIT in 2025, strengthening NTG's position in the Nordic region and enhancing capabilities in temperature-controlled transportation [1] - The full-year outlook for 2025 has been updated to an adjusted EBIT range of DKK 560 - 630 million, down from the previous range of DKK 575 - 650 million, reflecting preliminary Q1 results and the integration of DTK [5] - The preliminary adjusted EBIT for the Group for Q1 2025 is reported at DKK 121 million [4] Group 2: Market Conditions and Challenges - Recent tariffs from the United States have complicated global trade, leading to a slowdown in transport activity, particularly affecting shipments from China and import volumes into the U.S. [2] - The market environment remains challenging due to ongoing macroeconomic uncertainty and limited visibility across customer supply chains, impacting operations in key markets [3] - Activity levels in recent acquisitions, Schmalz+Schön and ITC Logistic, have been below expectations due to a decline in recurring business and softer demand, particularly in the German market [4] Group 3: Future Assumptions and Risks - The updated outlook assumes flat development in the road market, with potential downside risks due to low visibility in the German market and negative impacts from increased U.S. tariffs on air and ocean markets [9] - The outlook includes effects from all completed acquisitions, including DTK, but does not account for potential impacts from other acquisitions in 2025 [9] - Macroeconomic and geopolitical uncertainties remain elevated, and the assumptions underlying the outlook may change [9]

BARCELONA, Spain, May 6, 2025 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), the leading, vendor-neutral booking and payment platform for the international freight industry, will report its Q1 2025 financial results before market open on Tuesday, May 20, 2025. Freightos' management will host a webcast and conference call to discuss the results that day at 8:30 a.m. EST. Information about Freightos' financial results, including a link to the live webcast, will be available on Freightos' investor relations ...

Financial Data and Key Metrics Changes - The company reported a 39% year-over-year increase in income from operations for Q1 [6] - Total operating expenses declined by $34 million or 6.5% year-over-year [28] - The average headcount in Q1 was down 11% compared to Q1 of last year [28] Business Line Data and Key Metrics Changes - In North American Surface Transportation (NAST), the company outgrew the market in both truckload and LTL, with truckload volume down 4.5% year-over-year and LTL volume growing 1% year-over-year [14][15] - NAST gross margin improved by 140 basis points year-over-year [17] - Global Forwarding saw continued new business wins and expense optimization, contributing to overall margin expansion [6][10] Market Data and Key Metrics Changes - The Q1 CAS freight shipment index was down 6.3% year-over-year, while the company's overall NAST volume declined by only 1% year-over-year [14] - The percentage of ocean and air volume from the China to US trade lane decreased from approximately 35% to less than 25% from 2024 [10] Company Strategy and Development Direction - The company is focused on disciplined execution of strategies to take market share and expand margins, regardless of market conditions [5][10] - There is an emphasis on leveraging artificial intelligence and automation to enhance customer and carrier experiences [6][21] - The company aims to diversify supply chains and reduce dependence on specific trade lanes [9][10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges from new tariffs and fluid trade policies, which have created market uncertainty [8] - The company remains confident in its strategy and the resilience of its workforce to navigate through market dynamics [10][11] - Management expressed optimism about the runway for further improvement due to the disciplined execution of the new operating model [32] Other Important Information - The effective tax rate for Q1 was 13.7%, with expectations for the full year to be in the range of 18% to 20% [30] - The company generated $106.5 million in cash from operations in Q1 [30] - The company returned $175 million to shareholders in Q1 through share repurchases and dividends [31] Q&A Session Summary Question: Weather impact on trucking market - Management acknowledged weather impacts in January and March but emphasized their improved operating model allowed for proactive management of these events [41][44] Question: International markets and global forwarding - Management discussed the ongoing scenario planning due to market volatility and the benefits of diversifying supply chains away from China [51][52] Question: April performance and truckload capacity - Management refrained from providing specific guidance for April but noted that Q2 is typically stronger seasonally [63][66] - There is a continued exit of truckload capacity from the marketplace, but no significant market inflections have been observed [68] Question: AGP deceleration and CapEx - Management clarified that the AGP deceleration was due to tougher comparisons and not indicative of a significant trend [74] - The reduction in CapEx was described as a strategic adjustment rather than a cut to essential initiatives [75] Question: Headcount and market aggressiveness - Management explained that the headcount decline was influenced by the divestiture of the European Surface Transportation business and emphasized dynamic management of personnel expenses [86] - The company is being smarter in the marketplace, leveraging technology to make informed decisions [89][90]

BARCELONA, Spain, April 23, 2025 /PRNewswire/ -- Freightos (NASDAQ: CRGO), the world's leading digital freight booking and payment platform, today launched Freightos Enterprise, an integrated logistics procurement suite for large importers and exporters that unifies the increasingly digitalized but persistently fragmented world of global freight procurement, rate benchmarking, and shipment execution. Freightos' comprehensive procurement platform bridges annual, quarterly and spot procurement of air, ocean a ...

Core Insights - Radiant Logistics, Inc. has acquired USA Logistics Services, Inc. and USA Carrier Services, LLC, enhancing its freight forwarding and cartage operations in the Mid-Atlantic region [1][2] - The acquisition is structured with a portion of the purchase price contingent on the future performance of the acquired operations, consistent with Radiant's previous transactions [1] - USA Logistics, founded in 1999, specializes in customer service for medical equipment and time-sensitive air freight, and will transition to the Radiant brand post-acquisition [2] Company Overview - Radiant Logistics is a publicly traded third-party logistics company providing technology-enabled global transportation and value-added logistics solutions primarily in the U.S. and Canada [4] - The company offers a comprehensive range of services including domestic and international freight forwarding, truck and rail brokerage, warehouse and distribution, customs brokerage, and inventory management [4] Leadership and Strategic Direction - Mike Boyce, the founder of USA Logistics, will become the General Manager of the newly combined organization, reporting to Tim O'Brien, SVP and General Manager of Radiant's U.S. forwarding operations [2] - Radiant's CEO, Bohn Crain, emphasized the acquisition as a significant milestone in the company's evolution and a continuation of its strategy to partner with logistics entrepreneurs [3]

Expeditors International of Washington (EXPD) Update / Briefing January 28, 2025 11:00 AM ET Company Participants Sarah Maas - Regional Sales OperationsJamie Childress - Regional Risk & Insurance Manager Sarah Maas Alright. So it is 10 o'clock. So we'll get started. So for those of you who have just joined, thank you for joining us today for our IngoTerms Basics webinar. As you can see, we have a poll for you to answer. And my name is Sarah Mas, and I am the regional sales operations and marketing lead for ...