Freightos Limited

https://www.freightos.com/

Freightos is a software company that operates a booking and payments platform for international freight, leveraging a Software as a Service (SaaS)-Enabled Marketplace model. Its core mission is to expand global trade by making it more efficient and transparent through streamlining air, ocean, and land freight pricing and booking. While incorporated in the Cayman Islands, the company's principal executive offices and largest operational hub are located in Barcelona, Spain.

The company offers a comprehensive suite of products and services, including the Freightos.com marketplace for importers and exporters, WebCargo for freight forwarders and airlines, and Freightos Enterprise for large businesses. These platforms facilitate instant freight quoting, booking, and shipment management. Freightos also provides market intelligence through Freightos Terminal, which includes the Freightos Baltic Index and Freightos Air Index, and offers procurement solutions via Shipsta (acquired in 2024) and air/trucking rate management with 7LFreight (acquired in 2021).

Freightos became a publicly traded company on Nasdaq in January 2023, following a business combination with Gesher I Acquisition Corp.. In March 2026, Pablo Pinillos was appointed CEO and CFO, succeeding founder Zvi Schreiber, who transitioned from the role. The company announced a cost optimization plan in March 2026, including a workforce reduction, to achieve Adjusted EBITDA breakeven by the end of 2026, and is increasingly focusing on AI to drive efficiency. Freightos positions itself as a leading vendor-neutral global freight pricing, booking, and procurement platform.

Latest updates

Freightos Misses Transaction Targets as Middle East Conflict Disrupts Trade

Event summary

  • Freightos (CRGO) reported preliminary Q1 2026 KPIs, with 425k transactions, a 15% YoY increase, below the expected 20%-22% growth.
  • Gross Booking Value (GBV) reached $344M, up 24% YoY, meeting management expectations due to elevated freight rates.
  • Reduced activity in Middle East routes, impacting both transactions and buyer users, was cited as the primary reason for the shortfall.
  • The Webcargo portal remained the largest contributor to GBV.
  • Freightos will report full earnings on May 26, 2026, with a webcast and conference call scheduled for 8:30 AM EST.

The big picture

Freightos' Q1 results highlight the vulnerability of digital logistics platforms to regional conflicts and broader supply chain disruptions. While the company’s GBV was supported by higher freight rates, the missed transaction target underscores the need for diversification and a focus on higher-margin software solutions. The company's stated strategy of prioritizing solutions adoption over platform activity suggests a shift away from volume-driven growth towards a more sustainable, value-added model.

What we're watching

Geopolitical Impact
The extent to which Freightos’ reliance on specific regional trade routes exposes it to ongoing geopolitical instability will be a key factor in future performance.
Solutions Adoption
Whether Freightos can accelerate adoption of its software solutions to drive transaction growth, as management suggests, will determine if platform activity can become a leading indicator.
Profitability
The ability of Freightos to achieve profitability, despite the current headwinds, will depend on managing costs and demonstrating the value of its platform to both buyers and carriers.

Freightos Cuts Workforce as Profitability Target Looms

Event summary

  • Freightos (CRGO) announced a global workforce reduction of up to 15% to improve operating efficiency.
  • The restructuring supports a previously stated goal of achieving Adjusted EBITDA breakeven by the end of 2026.
  • The company anticipates incurring approximately $1.3 million in restructuring charges over the next nine months.
  • Freightos expects to realize annualized cost savings of roughly $4.5 million, beginning in Q4 2026.

The big picture

Freightos' cost optimization plan signals a shift towards prioritizing profitability over aggressive growth, reflecting broader concerns about the sustainability of the digital freight booking market. The workforce reduction, coupled with continued investment in technology, suggests a focus on operational efficiency and automation to navigate a challenging macroeconomic environment. The move also highlights the pressure on digital freight platforms to demonstrate a clear path to profitability amidst fluctuating trade volumes and increased competition.

What we're watching

Execution Risk
The success of the restructuring hinges on Freightos’ ability to realize the projected $4.5 million in annualized cost savings without significantly impacting platform functionality or customer relationships.
Market Dynamics
The ongoing volatility in global trade routes, particularly those impacted by geopolitical conflicts in the Middle East, will continue to pressure Freightos’ pricing and booking volumes.
AI Integration
The company's stated reliance on AI to improve efficiency requires close monitoring; the pace of AI adoption and its impact on operational costs will be a key determinant of long-term profitability.

Freightos Expands Air Cargo Network with Air Serbia Integration

Event summary

  • Freightos has integrated Air Serbia into its cargo booking platform, expanding its airline network.
  • The integration extends Freightos Pay's reach, enabling digital payments for forwarders, including those without IATA accreditation.
  • Air Serbia's cargo services will be available on Freightos across the US and Europe, including destinations like Zagreb and Tbilisi.
  • Air Serbia's Head of Cargo, Veselin Djordjevic, highlighted the partnership's role in streamlining operations and reducing financial uncertainty.

The big picture

The partnership underscores the ongoing digitization of the air cargo industry, where traditional payment processes are increasingly inefficient and create friction. Freightos' model, by combining booking and guaranteed payments, addresses a key pain point for both airlines and forwarders, potentially accelerating the shift towards digital procurement. The inclusion of smaller forwarders, previously excluded due to accreditation requirements, represents a significant expansion of Freightos' addressable market.

What we're watching

Adoption Rate
The success of this partnership hinges on the speed at which freight forwarders adopt Air Serbia's services through the Freightos platform, which will dictate the impact on Freightos' revenue growth.
Regulatory Impact
The ability of Freightos Pay to facilitate transactions for non-IATA accredited forwarders could face scrutiny from aviation regulators, potentially impacting its long-term viability.
Competitive Landscape
Freightos' expansion into more niche European destinations will likely attract competition from other digital freight booking platforms, requiring Freightos to maintain its technological edge and value proposition.

Freightos Founder Departs as CFO Takes Helm Amid Profitability Push

Event summary

  • Pablo Pinillos, previously Freightos' CFO, has been appointed CEO, replacing founder Zvi Schreiber, effective March 16, 2026.
  • Pinillos has served as Interim CEO since January 2026, following a search process.
  • Freightos aims to achieve financial break-even in Q4 2026.
  • The company is initiating a search for a new Chief Financial Officer.
  • Pinillos previously held senior roles at Qlik, Bitrise, and Coincover.

The big picture

The leadership change at Freightos signals a shift towards a more operationally focused approach as the company seeks to achieve profitability and scale its digital freight platform. The transition from a founder-led model to one managed by a seasoned executive like Pinillos, with a background in high-growth tech companies, suggests a desire to accelerate growth and improve financial performance. This move comes as the trillion-dollar international freight industry continues to grapple with digitalization and increasing complexity.

What we're watching

Execution Risk
Pinillos' success hinges on his ability to deliver on the stated near-term goals, particularly achieving profitability, which will be scrutinized closely by investors.
Governance Dynamics
The Board's unanimous support for Pinillos suggests a desire for operational discipline, but the rapid succession raises questions about the founder's ongoing influence and potential for conflict.
Solutions Expansion
The stated focus on expanding solutions beyond core pricing and booking will determine if Freightos can diversify revenue streams and capture a larger share of the freight management market.

Freightos Integrates Africa's Largest Cargo Network, Challenging Regional Booking Status Quo

Event summary

  • Freightos is integrating Ethiopian Cargo onto its WebCargo platform, scheduled for completion at the end of March 2026.
  • The integration will include digital rates, quoting, eBooking, WebCargo Pay, and interlining capabilities.
  • Ethiopian Cargo operates Africa's largest air cargo network, serving 145 destinations globally.
  • A significant portion of African air cargo bookings currently utilize non-African carriers, suggesting a potential shift in market share.
  • Freightos Terminal provides real-time industry data, including the Freightos Air Index (FAX) and Freightos Baltic Index (FBX), with FBX futures traded on CME and SGX.

The big picture

This partnership signifies Freightos’ continued expansion into underserved markets and its strategy to digitize a traditionally fragmented industry. Ethiopian Cargo’s integration provides Freightos with access to a rapidly growing air cargo market where digital adoption has lagged, potentially disrupting existing booking practices and increasing Freightos’ market share. The deal also highlights the increasing importance of digital solutions in mitigating supply chain volatility and enhancing operational efficiency within the global freight ecosystem.

What we're watching

Regional Adoption
The speed at which other African carriers adopt Freightos' platform will determine the long-term impact on the region’s air cargo booking landscape and Freightos’ penetration into a high-growth market.
Competitive Response
Whether competing booking platforms will attempt to counter Freightos’ move by aggressively courting Ethiopian Cargo or other African carriers remains to be seen.
Interlining Impact
The effectiveness of the interlining capabilities in streamlining cross-border African air cargo movements will be a key indicator of the partnership’s value proposition for freight forwarders.

Freightos Nears Breakeven as Platform Growth Outpaces Revenue

Event summary

  • Freightos reported Q4 2025 revenue of $7.4 million, a 12% year-over-year increase, and full-year revenue of $29.5 million, up 24%.
  • The company anticipates reaching breakeven by the end of 2026, supported by $27.9 million in cash.
  • Transaction volume reached a record 445,000 in Q4 2025, a 27% year-over-year increase, and 1.6 million for the full year, up 26%.
  • Gross margins declined slightly year-over-year, both IFRS and Non-IFRS, reflecting cost pressures.

The big picture

Freightos' results highlight the ongoing digitalization of the global freight industry, a trillion-dollar market ripe for disruption. While the company has demonstrated consistent revenue growth, its path to profitability hinges on balancing growth with margin management and navigating a complex geopolitical landscape. The shift towards prioritizing solution adoption signals a longer-term bet on building a more resilient and valuable platform.

What we're watching

Growth Sequencing
Freightos' deliberate focus on solution adoption over rapid platform booking growth suggests a shift in strategy, potentially sacrificing near-term revenue for long-term network effects. The success of this approach will depend on whether it can maintain transaction volume growth while prioritizing deeper customer integration.
Margin Pressure
The slight decline in gross margins warrants close monitoring, as it could indicate increased competition or rising operational costs. Whether Freightos can restore margins through pricing power or efficiency gains will be crucial for achieving profitability.
Geopolitical Risk
Freightos' reliance on international trade makes it vulnerable to geopolitical instability, particularly given the ongoing disruptions in the Red Sea. The company's ability to diversify routes and mitigate these risks will be essential for sustaining growth.

Freightos Board Member Departure Highlights CEO Search Uncertainty

Event summary

  • Dr. Zvi Schreiber is stepping down from the Freightos Board of Directors, effective February 28, 2026.
  • The Board asserts it remains fully constituted despite the departure.
  • Freightos is continuing its search for a permanent Chief Executive Officer.
  • Freightos operates a vendor-neutral digital booking and payment platform for international freight.

The big picture

The departure of Dr. Schreiber, a long-standing figure, underscores the ongoing leadership transition at Freightos, a company central to the $1 trillion international freight market. While the Board maintains the search for a permanent CEO is progressing, the timing of this departure raises questions about the pace and potential challenges in securing a successor. The company's reliance on data-driven insights and its position as a key infrastructure provider for global trade make the stability of its leadership particularly important.

What we're watching

CEO Succession
The protracted CEO search, coupled with a board member departure, introduces uncertainty regarding Freightos’ strategic direction and ability to capitalize on the continued digitization of the freight industry.
Governance Stability
The Board's ability to maintain stability and effectively guide the company through the CEO search will be crucial, particularly given the company's reliance on real-time data and index pricing (FAX, FBX).
Market Volatility
How Freightos’ data products (FAX, FBX) and their futures contracts on CME and SGX perform will be a key indicator of overall market sentiment and the platform’s value proposition.

Freightos Exceeds Q4 Expectations, Revises Prior Growth Estimates

Event summary

  • Freightos (CRGO) reported Q4 2025 preliminary KPIs exceeding management expectations, with 445k transactions and $357M in Gross Booking Value (GBV).
  • Full-year 2025 growth reached 26% for transactions and 44% for GBV, both within the company’s long-term growth range.
  • The company corrected previously released growth percentages for both transactions and GBV due to an administrative error.
  • Freightos continues to expand its network, maintaining a record 77 carriers and reaching approximately 20,700 unique buyer users.

The big picture

Freightos operates within a trillion-dollar international freight industry undergoing a digital transformation. While the company has achieved significant traction, the correction of prior growth estimates highlights the challenges of scaling a platform reliant on complex network effects and regulatory changes. The company's success hinges on its ability to maintain carrier engagement, expand its buyer base, and successfully integrate new services like ocean carrier bookings.

What we're watching

Growth Sustainability
The revised growth rates, while still positive, suggest a potential slowdown compared to earlier periods. The company needs to demonstrate that the revised figures are sustainable and not indicative of broader market headwinds.
Ocean Carrier Adoption
Freightos' stated strategy of expanding into ocean carrier bookings is crucial for long-term growth. The pace of adoption will determine if the platform can truly become a comprehensive freight management solution.
Execution Risk
With Pablo Pinillos serving as interim CEO, the company's ability to execute on its strategic roadmap and integrate new partners like Euroairlines, Jambojet, and Pattaya Airways will be critical to maintaining momentum.
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