Freightos Executes Cost Optimization Plan to Support Path to Profitability Accessibility StatementSkip Navigation BARCELONA, Spain, March 26, 2026 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), the leading vendor-neutral global freight pricing, booking and procurement platform, today announced a cost optimization plan that includes a global workforce reduction of up to 15%, to improve operating efficiency and support its previously communicated path to Adjusted EBITDA breakeven by the end of 2026. Th ...

Core Insights - The webinar focuses on Customs Bonds and aims to provide importers with essential information regarding the current trade landscape [1][3]. Group 1 - The webinar is hosted by Sarah Maas, who is the Midwest regional Sales Operations and Marketing contact based in Minneapolis [3]. - The duration of the webinar is approximately 1 hour, with 45 minutes dedicated to information presentation and 10 to 15 minutes for Q&A [3]. - The information presented is accurate as of the moment of the webinar, and it is being recorded for future reference [3].

Core Insights - Freightos Limited has appointed Pablo Pinillos as the new Chief Executive Officer and member of the Board of Directors, effective March 16, 2026, succeeding founder Zvi Schreiber [1][1][1] - The Board of Directors expressed confidence in Pinillos' leadership capabilities, citing his deep understanding of the business and experience in high-growth technology environments [1][1][1] - Pinillos aims to achieve financial break-even by Q4 2026 while focusing on expanding the company's solutions business and enhancing customer engagement [1][1][1] Company Overview - Freightos is a leading vendor-neutral digital pricing, booking, and procurement platform for the international freight industry, connecting airlines, ocean carriers, freight forwarders, and importers/exporters [1][1][1] - The platform digitizes the trillion-dollar international freight industry, offering a suite of software solutions for pricing, quoting, booking, shipment management, and payments [1][1][1] - Freightos provides real-time industry data through Freightos Terminal, which includes leading spot pricing indexes like the Freightos Air Index (FAX) and the Freightos Baltic Index (FBX) [1][1][1] Leadership Background - Pablo Pinillos has over 20 years of global leadership experience in finance, strategy, and operations, previously serving as CFO at Coincover and Bitrise [1][1][1] - His tenure at Qlik included senior leadership roles that contributed to the company's IPO and subsequent acquisition by a private equity firm [1][1][1]

Core Viewpoint - New Century Logistics has successfully regained compliance with Nasdaq's minimum bid price requirement for continued listing, following a period of non-compliance [1][3]. Company Compliance - On August 12, 2025, New Century received a notification from Nasdaq indicating that its ordinary shares had failed to maintain a minimum bid price of $1.00 for 30 consecutive business days [2]. - The company took active measures and from November 14, 2025, to December 2, 2025, the closing bid price of its ordinary shares was at or above $1.00 [3]. - Nasdaq formally notified the company on December 3, 2025, that it had regained compliance with Listing Rule 5550(a)(2) [3]. Company Overview - New Century Logistics is an international freight forwarding and logistics service provider, catering to direct shippers and other freight forwarders [4]. - The company assists clients in importing and exporting goods, which includes arranging shipments, selling cargo space, and handling customs clearance [4]. - Revenue is primarily generated from air freight export shipments to regions such as North America, Europe, and Asia [4].

Core Insights - Expeditors (EXPD) possesses a unique competitive advantage characterized as a "double moat," primarily driven by a significant "network effect" that allows the company to aggregate thousands of shippers and negotiate bulk space with ocean and air carriers [1] Group 1 - The company is recognized for its ability to leverage a large network of shippers, enhancing its negotiating power with carriers [1] - Expeditors has been successful in compounding knowledge and experience over the years, indicating a strong foundation in the logistics and supply chain industry [1] - The investment philosophy of the company aligns with long-term value creation, reflecting a commitment to sustainable growth [1]

Core Insights - The ongoing geopolitical tensions, particularly the war in the Persian Gulf, are expected to significantly impact air cargo rates and capacity, with short-term rates likely to rise rapidly across various regions [1][2] - Kuehne+Nagel (K+N) is adapting to these changes by securing charter flights for customers and shifting focus from ocean freight to air freight due to disruptions in supply chains [3] Financial Performance - K+N reported a modest net revenue growth of 3% to $2.9 billion for the quarter, with a full-year revenue of $11.4 billion, reflecting only a 2% increase from the previous year [5] - The company’s core operating income fell 20% year-over-year to $432.4 million in the fourth quarter, primarily due to weak shipping demand and geopolitical factors [6] - The air freight unit experienced a 7% decline in net revenue to $592.4 million, with core operating profit down 11% to $170.4 million, as freight rates fell by 3.8% [8] Operational Adjustments - K+N is implementing a cost-reduction program aimed at eliminating $258 million in costs by the end of 2026, which includes laying off over 2,000 full-time positions [4] - The company’s contract logistics unit saw a 2% increase in net revenue, with core operating profit rising 20% to $100.7 million, supported by new distribution centers opened in various countries [11] Market Dynamics - The air cargo market as a whole grew by 4% in 2025, although this was a significant decline from the elevated demand seen in 2024 [8] - K+N's ocean logistics core profit fell by 46%, despite a 5% increase in net revenue, as U.S. tariffs discouraged imports from Asia [7] Strategic Initiatives - K+N is focusing on technology investments, particularly in artificial intelligence and cloud-based systems, to enhance productivity and service capabilities [13][14] - The company has migrated its transportation management system to the cloud, which is expected to improve data management and operational efficiency [14][19] - K+N's AI initiatives are showing promising results, with improvements in pricing responsiveness and reduced booking times in logistics operations [15][16] Acquisitions and Expansions - K+N's Hong Kong-based subsidiary, Apex Logistics, has acquired a majority stake in Andes Integración Logística, enhancing its presence in South America [9] - The company has also acquired the trucking division of LSL-Lohmöller, which will strengthen its domestic road network in Germany [10]

As filed with the U.S. Securities and Exchange Commission on March 2, 2026. Registration No. 333-291040 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 3 To FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CGL LOGISTICS HOLDINGS LIMITED (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (Address, including zip code, and telephone number, including area code, of Registrant's principal exec ...

Summary of Freightos Limited Conference Call Company Overview - **Company**: Freightos Limited - **Ticker Symbol**: CRGO - **Industry**: Global freight booking platform - **Market Size**: Approximately $600 billion annually, with over 90% of bookings still occurring offline [5][30] Core Points and Arguments Structural Inefficiencies - The global freight industry suffers from inefficiencies due to reliance on offline methods such as emails and spreadsheets, leading to opaque pricing and slow procurement cycles [5][6] - Freightos aims to solve these issues by providing a digital platform that connects carriers, forwarders, and shippers, enhancing procurement and operational execution [5][6] Market Timing for Digitalization - Increased volatility in global trade due to geopolitical shifts, COVID-19, and tariffs has made digital tools essential for operational risk management [8][9] - The maturity of carrier infrastructure and shifting shipper expectations for real-time data and automated procurement favor digital platforms [9][10] Adoption and Growth Metrics - Freightos achieved record transactions of 445,000 in Q4 2025, with 98% of new lanes booked coming from existing carriers on the platform [11][12] - The company emphasizes that growth is driven by embedding solutions into workflows rather than merely acquiring new customers [12] Expansion Strategy - Freightos is transitioning from a focus on the spot market (40-50% of freight volume) to include contract freight, enhancing its service offerings [13][15] - The company plans to evolve into a multimodal platform, integrating air and ocean freight services while maintaining a SaaS-first approach [15][16] Revenue Model - Current revenue composition: approximately two-thirds from solutions and one-third from platform transactions [16] - Solutions customers book three times more than freemium users, indicating a strong correlation between SaaS adoption and transaction growth [16][17] Resilience in Volatile Markets - Freightos' model is resilient due to its embedded workflows, which remain valuable even during pricing volatility [21][22] - The company reported a 27% year-over-year transaction growth in Q4, demonstrating that adoption is linked to workflow utility rather than rate spikes [23] Path to Profitability - Freightos aims to achieve break-even by Q4 2026, with growth driven by operating leverage and structural cost discipline [25][26] - The company plans to automate costs and optimize its operating structure to maintain profitability [26] Future Vision - Freightos envisions becoming the leading freight platform connecting forwarders, carriers, and shippers, enhancing transaction liquidity and embedding itself into daily operations [27][29] - The current digitization rate in the freight market is around 9%, with significant growth potential as the company expands its market share [30][31] Competitive Landscape - Key competitors include cargo.one, CargoAi, and legacy platforms like Descartes and Freightify, but Freightos differentiates itself through its comprehensive platform that integrates multiple services [38][39][40] Barriers to Entry - The network effect and deep integration into client workflows create significant barriers to entry for potential competitors [41][42] Additional Important Insights - Freightos is positioned as a double-sided marketplace with a strong competitive moat due to its established network of carriers, forwarders, and shippers [18][41] - The company is focused on enhancing its gross margins, targeting a long-term range of 70%-80% [33] This summary encapsulates the key points discussed during the Freightos Limited conference call, highlighting the company's strategic direction, market positioning, and growth potential in the global freight industry.

Core Insights - Expeditors International reported weaker performance in Q4 2025, particularly in its ocean freight business, with a year-over-year decline in ocean freight tonnage of 6% [1] - The company's revenue decreased by 3% to $2.86 billion from $2.95 billion, while operating income fell 17% to $250.9 million and net income dropped to $200.7 million from $235.88 million [2] Financial Performance - Ocean freight tonnage declined by 8% in October, 7% in November, and 4% in December, contributing to an overall decline of 6% [1] - Revenue fell to $2.86 billion, a decrease of 3% from the previous year [2] - Operating income decreased by 17% to $250.9 million, and net income was $200.7 million, down from $235.88 million, resulting in a per-share net income of $1.49 compared to $1.68 a year ago [2] Cost Structure - Transportation costs decreased by 4%, but salaries and other expenses increased by 6% [2] - The increase in expenses was attributed to strategic headcount additions and investments in technology, which the CFO believes are essential for long-term growth [5] Headcount Trends - C.H. Robinson's headcount decreased significantly, while Expeditors' total headcount increased to 20,359 from 18,917 year-over-year, with North America headcount rising to 7,507 from 6,999 [4] Strategic Investments - The company plans to make strategic investments in high-return opportunities, including AI and customer vertical solutions, to drive growth [5] - Despite announcing a $3 billion stock buyback plan, the stock experienced an early selloff following the earnings report [6]

Core Insights - Expeditors International (EXPD) reported a revenue of $2.86 billion for the quarter ended December 2025, reflecting a year-over-year decline of 3.3% and an EPS of $1.49 compared to $1.68 a year ago, with a revenue surprise of +2.12% and an EPS surprise of +2.06% [1] Revenue Performance - Airfreight services generated $1.11 billion, exceeding the average estimate of $1.04 billion by four analysts, marking a year-over-year increase of +4.3% [4] - Ocean freight and ocean services reported revenues of $611.39 million, falling short of the average estimate of $687.5 million, representing a significant year-over-year decline of -32.7% [4] - Customs brokerage and other services achieved revenues of $1.14 billion, surpassing the average estimate of $1.07 billion, with a year-over-year increase of +15.5% [4] Net Revenue Insights - Net revenues from airfreight services were $242.76 million, slightly below the average estimate of $252.72 million, reflecting a year-over-year decline of -4.7% [4] - Net revenues from customs brokerage and other services reached $499.57 million, exceeding the average estimate of $485.71 million, with a year-over-year increase of +10.4% [4] - Net revenues from ocean freight and ocean services were $181.23 million, below the average estimate of $184.94 million, indicating a year-over-year decline of -20.3% [4] Stock Performance - Shares of Expeditors International have returned -5.8% over the past month, compared to a -1% change in the Zacks S&P 500 composite, with the stock currently holding a Zacks Rank 3 (Hold) [3]