7LFreight by WebCargo

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Freightos Expands Board of Directors, Adding Rotem Hershko and Appointing Udo Lange as Chairman
Prnewswire· 2025-08-04 11:00
Core Insights - Freightos has appointed Udo Lange as Non-Executive Chairman and Rotem Hershko as a Director, effective July 28, 2025, to enhance its digital freight vision [1][3] Leadership Appointments - Udo Lange brings over 30 years of logistics leadership experience, including roles at FedEx and advising the White House Supply Chain Disruption Task Force [2][3] - Rotem Hershko has a strong background in technology and logistics, having held leadership positions at Amazon and Maersk, and currently serves as a Senior Advisor at McKinsey & Company [3][4] Strategic Direction - The new leadership aims to advance Freightos' mission of end-to-end global freight digitization, enhancing connections among shippers, forwarders, and carriers [3][4] - The company has made significant strides, reporting an annualized run rate of over 1.5 million platform transactions after 22 consecutive quarters of growth [4] Product Offerings - Freightos provides a suite of software solutions for the international freight industry, including Freightos Enterprise for multinational importers and exporters, and various products for freight forwarders and airlines [6] - The platform aims to digitize the trillion-dollar international freight industry, making global trade more efficient and accessible [6] Market Position - Freightos is recognized as a leading vendor-neutral global freight booking platform, connecting airlines, ocean carriers, freight forwarders, and over ten thousand importers and exporters [5][6] - The company also offers real-time industry data through Freightos Terminal, which includes leading spot pricing indexes for air cargo and container shipping [7]
Freightos Reports KPIs with Record Transactions for Second Quarter of 2025
Prnewswire· 2025-07-15 11:00
Core Viewpoint - Freightos Limited reported strong preliminary key performance indicators for Q2 2025, highlighting its essential role in the international freight industry amid ongoing trade challenges [1][4]. Financial Performance - The company recorded 397,000 transactions in Q2 2025, exceeding management's expectations of 380,000 to 385,000, representing a year-over-year growth of 26% [2][7]. - Gross Booking Value (GBV) reached $317 million in Q2 2025, a significant increase of 56% year-over-year, surpassing management's expectations of $278 million to $285 million [2][7]. Platform Expansion and Network Growth - Freightos achieved its 22nd consecutive quarter of record transactions, reinforcing its position as a key player in facilitating international trade during volatile times [3]. - The network expanded to include 75 carriers, adding notable airlines such as China Airlines and Air Europa, which enhances service diversity [7]. Customer Engagement - Unique buyer users grew by 6% year-over-year to 20,200, indicating broad appeal and customer diversification for the platform [7]. Upcoming Events - The company plans to report its full financial results for Q2 2025 on August 18, 2025, with a conference call scheduled for the same day at 8:30 a.m. EDT [4][5].
Freightos Schedules Earnings Release and Conference Call for May 20, 2025
Prnewswire· 2025-05-06 11:00
Company Overview - Freightos Limited (NASDAQ: CRGO) is a leading vendor-neutral global freight booking platform that connects airlines, ocean carriers, freight forwarders, and importers/exporters, enhancing the efficiency and resilience of world trade [4][5]. - The platform digitizes the trillion-dollar international freight industry, offering a suite of software solutions for pricing, quoting, booking, shipment management, and payments [5]. Financial Results Announcement - Freightos will report its Q1 2025 financial results before market open on May 20, 2025, with a management-hosted webcast and conference call scheduled for 8:30 a.m. EST on the same day [1]. Investor Relations - Information regarding the financial results and a link to the live webcast will be available on Freightos' investor relations website [2]. - Participants can register for the call via a provided link, and a replay of the webcast along with the call's transcript will be accessible on the investor relations website post-call [3]. Industry Data - Freightos is a prominent provider of real-time industry data through Freightos Terminal, which includes leading spot pricing indexes such as the Freightos Air Index (FAX) for air cargo and the Freightos Baltic Index (FBX) for container shipping [6].
Freightos Reports Record Transactions for the First Quarter of 2025
Prnewswire· 2025-04-15 11:00
Core Insights - Freightos Limited reported strong preliminary key performance indicators for Q1 2025, showcasing continued growth in its digital freight network despite tariff uncertainties [1][4]. Performance Metrics - The company facilitated 371,000 transactions in Q1 2025, reflecting a 25% year-over-year growth and surpassing management's expectations [3][7]. - Gross Booking Value (GBV) reached $276.1 million in Q1 2025, marking a 43% year-over-year increase, driven by higher transaction volumes and freight rate stability [3][7]. Platform Expansion and Network Growth - Freightos expanded its network to 71 carriers in Q1 2025, including new specialized cargo operators, and unique buyer users grew by 10% year-over-year to 19,700 [7]. - The company emphasized the resilience of its digital platform, stating that changes in trade policies would have a marginal impact on the vast growth opportunities available [4][7]. Future Outlook - Financial results for Q1 2025 will be reported in the second half of May, with specific details to be published in early May [5].
Air Europa Joins WebCargo by Freightos' Platform, Expanding Digital Air Cargo Access in European and Latin American Markets
Prnewswire· 2025-04-02 11:00
Core Insights - Freightos has announced that Air Europa has joined its WebCargo platform, enhancing its digital freight booking capabilities in the Spain-Latin America trade lanes [1][3] - The partnership aims to provide freight forwarders with instant access to Air Europa's network, which includes 15 domestic destinations in Spain and 40 international routes [1][3] Group 1: Partnership and Network Expansion - The addition of Air Europa strengthens WebCargo's offering, particularly in the Spanish export routes connecting major cities like Madrid, Barcelona, and Valencia with Air Europa's global network [2][3] - This partnership is seen as a significant step in the digital transformation of air cargo in the Spanish and Latin American markets, enhancing supply chain resilience [3] Group 2: Benefits for Freight Forwarders - Freight forwarders will benefit from instant shipment securing through Air Europa's extensive network, which is part of a platform that already includes dozens of major airlines [3][8] - The platform represents nearly 70% of global air cargo capacity, providing unprecedented digital access to shipping options for freight forwarders [3] Group 3: Digital Transformation and Innovation - Air Europa's commitment to innovation and digital optimization is highlighted by its integration into the WebCargo platform, which streamlines booking processes and enhances capacity accessibility [3] - The Freightos platform digitizes the international freight industry, offering a suite of software solutions for pricing, quoting, booking, shipment management, and payments [6]