Q1 2025 Performance - Transactions reached 371,000, a 25% year-over-year increase[19] - Revenue reached $6.9 million, a 30% year-over-year increase[19] - Adjusted EBITDA was $(30) million, aligning with guidance[47] - GBV reached $276.1 million, exceeding guidance[47] Growth and Strategy - The company launched Freightos Enterprise[19] - The company is experiencing strong transaction growth due to marketplace network effects[28] - The company is enhancing platform value through comprehensive solutions, including SaaS and data solutions[33] Financial Guidance - Q2 2025 transaction guidance is 380,000-385,000, representing 20%-22% year-over-year growth[63] - Q2 2025 revenue guidance is $70-$7.1 million, representing 23%-25% year-over-year growth[63] - FY 2025 revenue guidance is $290-$30.6 million, representing 22%-29% year-over-year growth[63] - FY 2025 transaction guidance is 1,562,000-1,637,000, representing 20%-26% year-over-year growth[63]

Financial Data and Key Metrics Changes - The company reported revenue of $6.9 million, representing a 30% year-over-year growth [24] - Platform revenue was $2.3 million, up 23% year-over-year, while solutions revenue reached $4.6 million, up 33% year-over-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] - Adjusted EBITDA improved to a loss of $3 million from a loss of $3.6 million in Q1 last year [26] - The company ended the quarter with $36.4 million in cash and cash equivalents [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] - The solutions segment saw notable enterprise customer wins, including a five-year contract with a major European building materials manufacturer [17] Market Data and Key Metrics Changes - In air cargo, global volumes were up 8% year-over-year, while rates were 6% lower compared to last year [7] - China's US ocean volumes dropped significantly during a period of high tariffs, impacting specific trade lanes [8] - The company noted a potential stabilization in trade relations following recent US-China agreements [12] Company Strategy and Development Direction - The company aims to expand its platform by adding new types of transactions and enriching existing services [15] - A new partnership with a major North American ground transportation provider will enable freight forwarders to book trucking services directly through the platform [16] - The launch of the Freightos Enterprise Suite is designed to serve the complex needs of multinational shippers [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the resilience of the business model despite macroeconomic uncertainties [28] - The company reiterated its guidance for the year, expecting continued growth in transactions and revenue [28] - Management highlighted the importance of digitalization in global trade and the significant growth opportunities available [24] Other Important Information - The company is participating in several upcoming investor events, including the Sidoti Microcap Conference and the Oppenheimer Technology, Internet and Communications Conference [4] - The company emphasized the critical value of its market intelligence during periods of significant market volatility [19] Q&A Session Summary Question: What factors 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 economic uncertainty could affect the solutions segment [33][36] Question: How could supply chain diversification benefit the company? - Management indicated that the company benefits from market volatility by providing valuable tools and data to the industry [40][42] Question: How quickly could supply from companies like Timu and Shine come back online? - Management expressed uncertainty about the timeline for supply to return but noted that air cargo rates had not dropped significantly yet [48] Question: What is the revenue dynamic behind the new trucking partnership? - Management explained that the partnership would enhance the platform's offerings, allowing for a more comprehensive service for freight forwarders [50][57] Question: Why is there a mismatch between GBV and revenue growth? - Management clarified that a large portion of transactional bookings is based on a flat fee, which contributes to the mismatch [64][72] Question: What constitutes the economic moat for Freightos? - Management emphasized network effects as the primary moat, highlighting the importance of having a large number of buyers and sellers on the platform [74][76]

Core Insights - The logistics industry in Shenzhen's Fuwei community is experiencing a resurgence in business due to recent adjustments in China-U.S. tariff policies, which have led to a significant increase in shipping volumes [1][5][6]. Group 1: Tariff Policy Impact - Following the China-U.S. Geneva trade talks, both countries significantly reduced bilateral tariffs, with the U.S. canceling 91% of additional tariffs and China reciprocating [1]. - The logistics companies in Fuwei have seen a rapid recovery in their operations, with some reporting a 40% to 60% increase in shipping volumes compared to April [6][10]. - The average tax rate for goods shipped to the U.S. was around 170% in April, with some items exceeding 200%, causing a drastic drop in shipping volumes during that month [6][11]. Group 2: Business Recovery and Challenges - Companies like Yidai Logistics reported a drop in daily shipping volume from 100,000 to less than 30,000 packages, but have since rebounded to nearly 100,000 packages per day [5]. - The logistics sector is facing capacity constraints due to increased demand, with container bookings from China to the U.S. surging nearly 300% after the tariff adjustments [6]. - Air freight costs have risen significantly, with prices increasing from 30 yuan to over 40 yuan per kilogram on certain routes [6]. Group 3: Strategic Responses - Logistics companies are adapting to the changing environment by establishing their own customs and delivery processes, which has allowed them to capture new clients despite the downturn in April [9]. - Companies are also preparing to open additional overseas warehouses in the U.S. to mitigate logistics costs and improve delivery times [10]. - There is a cautious optimism among logistics firms regarding the long-term prospects of U.S.-China trade, as domestic products remain competitive despite high tariffs [11].

Group 1 - Recent adjustments in US-China tariff policies have led to a resurgence in exports from foreign trade companies in Shanghai and Jiangxi, with factories quickly ramping up production for the US market [1] - A knitting factory in Shanghai has resumed production for US clients, with plans to ship out orders by May 17, indicating a strong demand from American customers [1] - A textile company in Jiangxi has received a significant new order for 100,000 sets of children's clothing from the US, with production schedules extending into September [1] Group 2 - Ganyu Technology Co., based in Ganzhou, has received a request to resume the supply of over 500,000 sports helmets to US clients, highlighting the recovery of demand in the US market [2] - The foreign trade logistics sector is experiencing a peak in shipments to the US, with a notable increase in inquiries from international freight forwarding companies [3] - Yantian Port in Shenzhen is adjusting its scheduling to accommodate the surge in shipments to the US, with over 2,000 containers being processed for a single vessel [4]

Group 1 - The adjustment of tariffs between China and the US has led to a rapid resumption of trade activities, with many foreign trade companies in Guangdong's Foshan quickly restarting their supply to the US market [1][3] - American trader Mike, a long-time partner of a Foshan automotive parts manufacturer, has expedited cooperation following the tariff changes, emphasizing the urgency to increase orders and production [1][3] - The volume of cargo on the US shipping line has returned to pre-tariff levels within five days of the tariff adjustment, indicating a strong recovery in trade [3][5] Group 2 - In Shenzhen, the shipping and air freight sectors are experiencing a surge in activity, with a significant increase in cargo volume expected in the coming weeks [5][6] - In Xiamen, foreign trade companies are also ramping up production and shipping in response to the tariff reductions, with a notable increase in order fulfillment [6][8] - A clothing company in Xiamen reported that over 30% of its foreign trade business is with the US, and it faced a backlog of approximately 3 million RMB in orders due to previous high tariffs [8][10]

Group 1 - Recent adjustments in US-China tariff policies have led to a resurgence in exports from foreign trade companies in Shanghai and Jiangxi to the US market, with factories ramping up production [1][3] - A knitting factory in Shanghai has resumed production for US clients after a temporary halt in April, with operations now running smoothly to fulfill orders [3] - A textile company in Jiangxi has received a significant influx of US orders, including a new batch of 100,000 children's clothing items, and is currently working overtime to meet demand [5] Group 2 - A helmet manufacturing company in Ganzhou has received a request from US clients to resume the supply of over 500,000 sports helmets, indicating a strong recovery in orders [7] - The foreign trade logistics sector is experiencing a peak in shipments to the US, with a surge in inquiries from international freight forwarding companies [8] - Shipping companies in Shenzhen are adjusting their schedules to accommodate the increased volume of exports to the US, with container space becoming scarce [10]

Core Viewpoint - The recent U.S.-China trade negotiations have led to the cancellation of some tariffs, which is expected to revitalize the logistics market, particularly for freight forwarders involved in U.S. routes [1][2][17]. Group 1: Market Impact - Orders for logistics services have surged to more than double the pre-trade war daily average following the announcement of tariff cancellations [1]. - The logistics industry faced a significant downturn in April, with a drastic drop in cargo volumes due to high tariffs, leading to many freight forwarders experiencing severe financial strain [1][3][5]. - Shipping rates fluctuated significantly around the tariff implementation date, with rates dropping sharply after April 9, indicating a direct correlation between tariff policies and shipping demand [4][5]. Group 2: Trade Dynamics - The introduction of "transshipment trade" has increased as companies seek to navigate high tariffs, although regulatory scrutiny has intensified, making this option less viable [1][9][11]. - The U.S. is heavily reliant on Chinese imports, with China accounting for 65% of U.S. apparel imports and 52% of footwear imports, indicating the potential for significant supply chain disruptions due to tariff policies [6]. - The World Trade Organization (WTO) has predicted that the trade tensions could lead to an 80% reduction in trade volume between the U.S. and China [5]. Group 3: Future Opportunities - The recent tariff negotiations have created a sense of optimism among freight forwarders, who are now looking for new opportunities in the market as demand is expected to rebound [2][17]. - Companies are increasingly focusing on global supply chain strategies, with many considering relocating production to Southeast Asia to mitigate tariff impacts [13][14]. - The logistics sector is anticipated to undergo a reshuffling, with successful adaptation to the new trade environment potentially leading to growth opportunities for agile companies [14][19].

为支持长三角一体化及长江经济带发展，上海海关和长三角、长江流域各海关稳步推进"联动接卸"模 式，前期已覆盖江苏太仓，安徽芜湖，浙江独山、江西九江等4省13个内河港口，有效提升长三角物流 运输效能，降低企业物流成本，服务快速物流需求。 据上海海关的统计数据，今年一季度长三角区域通过"联动接卸"模式共完成进出口集装箱12.13万标 箱。(完) "'联动接卸'是洋山海关支持长三角区域一体化发展的重点举措，实施'联动接卸、视同一港'整体监管， 不断丰富'水水直连，多港互动，内河承接，洋山装卸'内涵，为企业降本增效提供支持。"洋山海关物 流监控四科副科长吴坤飞表示："洋山海关建立工作专班，协调解决多式联运集装箱查验和通关问题， 全天候值守，确保此次海港'联动接卸'模式第一时间落地吕四港，让广大企业尽早享受到政策红利。" 南通利达国际货运代理有限公司常务副总经理包小俊表示："'联动接卸'模式下每个集装箱货物可节省 物流成本约400元，物流时间有效缩短，是让企业实实在在受益的改革创新举措。" 中新网上海5月8日电 (记者姜煜)记者8日从上海海关所属洋山海关获悉，近日，长三角区域首票海港"联 动接卸"业务顺利落地。 当日，一 ...

大家好，我是卫明。 特朗普发起的关税战影响正在加深显现。今天聊聊最新情况，全文尽量无废话。 4月29日，美国市场一些最大的鞋类品牌请求特朗普暂缓加征关税。 这次不是一个品牌，而是美国鞋类分销商和零售商协会（FDRA）牵头，耐克、阿迪达斯、斯凯奇、安德玛等76个品牌联署写信请求豁免"对等关 税"政策，避免企业倒闭。 这封联名信里强调，平价鞋类公司无法承受高达150%-220%的综合关税（原有税率已为20%-37.5%），且无法转嫁成本；而且很多订单也因为关 税不确定性而搁置，导致鞋类库存未来几个月可能会面临短缺。 这等于是堵住了商品分散包裹避税的正规路子。 此举导致一些外国品牌停止发货，一些中小企业选择退出美国市场，而一些电商平台被迫重组物流体系，提高商品售价，并加速在美国建设本地 仓库，以避免高关税的直接冲击。 有消息说，洛杉矶港口出现"集装箱堆积但仓库无货"现象，34%订单被迫暂停。同时，根据联合早报报道，香港货运代理业正遭受中美关税战的 冲击，从5月12日起的一周内，从香港到北美西海岸的集装箱班轮有高达41%被取消。 随着时间推移，关税战对中美双方的影响会越来越明显，美国消费者会感受到高价和更慢的物流，而 ...

Group 1 - The 137th Canton Fair is actively taking place, with over 300 participating companies from Suzhou engaging in product negotiations and aiming to secure orders [1] - Companies like Kunshan Kristal Cultural Technology have maintained a new product exhibition ratio of over 20% for 12 consecutive fairs, attracting inquiries and achieving potential order amounts in the millions of dollars, with a 15% increase in the number of buyers compared to the previous session [1] - Changshu's Hongchang Weaving has also seen success, with confirmed order amounts exceeding 1 million USD and an increase in the number of buyers compared to previous fairs [1] Group 2 - Suzhou's foreign trade resilience is being supported by a dedicated team that extends services to the Canton Fair, ensuring that enterprises can effectively utilize the platform to expand their market [2] - The Suzhou foreign trade service hotline operates 24/7, addressing the needs of local businesses, such as facilitating logistics solutions for automotive parts exports to Europe [2] - The service team has achieved an 85% response rate in addressing enterprise challenges, effectively managing requests through a comprehensive process [2] Group 3 - To counter international market fluctuations, Suzhou is promoting a "dual circulation" strategy, encouraging enterprises to participate in the Canton Fair and launching a "Hundred Groups, Thousand Enterprises" initiative to enhance international market presence [3] - Approximately 20 groups are expected to be organized from May to June to expand international market share and strengthen collaboration with foreign companies [3]