Sector: Industrials | Industry: Air Freight & Logistics |
Company Contact | |
Address: | Technology Park Building 2 1 Derech Agudat Sport, HaPo'el JERUSALEM FL 9695102 |
Tel: | N/A |
Website: | https://www.freightos.com |
IR: | See website |
Key People | ||
Zvi Schreiber Chairman of the Board, Chief Executive Officer | Ran Shalev Chief Financial Officer | Manuel Galindo Medrano Chief Executive Officer - WebCargo |
Eytan Buchman Chief Marketing Officer | Michael Oberlander General Counsel | Ruth Amaru Chief Product Officer | Ian Arroyo Chief Commercial Officer |
Business Overview |
Freightos Limited provides a vendor-neutral booking and payment platform. The Company connects thousands of carriers, freight forwarders, and importers and exporters around the world for air, ocean and trucking freight pricing, booking and shipment management. It provides a range of solutions, including WebCargo's booking platform, tools and data solutions for carriers and forwarders, Freightos.com's digital freight booking and management platform for importers and exporters, its data solutions or Clearit, its digital customs broker. It also operates Freightos Terminal, a freight market intelligence solution that offers data on real-time pricing, transit times, the Freightos Air Index (FAX) and Freightos Baltic Index, and a news feed. It has over 1,800 freight forwarders across 90 countries that use WebCargo by Freightos for eBookings, instant quoting, digital freight negotiation, sales portals, rate management software, air cargo rate search across more than 370 airlines, and more. |
Financial Overview |
For the fiscal year ended 31 December 2023, Freightos Ltd revenues increased 6% to $20.3M. Net loss increased from $24.7M to $65.5M. Revenues reflect Solutions segment increase of 6% to $13.2M, Platform segment increase of 6% to $7.1M, Europe segment increase of 12% to $5.2M, United States segment increase of 6% to $8.9M. Higher net loss reflects Labor & Related Expenses in SGA increase of 46% to $7.6M (expense). |