Freightos Ltd

Gesher I Acquisition Corp. is a blank check company, which was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on February 23, 2021 and is headquartered in Tel Aviv, Israel.

Earnings data Q1 2023

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Freightos (CRGO) beats Q1 expectations, eyes growth amid challenges

Freightos demonstrated robust performance in Q1, surpassing expectations with strong financial results and strategic partnerships. While facing challenges from external factors like the Red Sea crisis, the company remains focused on growth, cost management, and achieving positive adjusted EBITDA.

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Freightos Ltd. engages in the operation of a booking and payment platform for international freight. It operates through the Platform and Solutions segments. The Platform segment provides digitalized price quoting, booking, and payments. The Solutions segment offers software tools and data to help industry participants automate their pricing, sales, and procurement processes. The company was founded by Zvi Schreiber in January 2012 and is headquartered in Jerusalem, Israel.

The online freight booking business expects 2023 revenue growth of 15% to 21%, down from a prior forecast of 87%.

Shipping Platform Freightos Slices Cargo Growth Forecast

Key growth drivers include the doubling of both the number and the value of transactions, in addition to successful strategic acquisitions. Annual revenue increased by 72%.

Freightos Announces Record Fiscal Year 2022 Results

JERUSALEM , March 6, 2023 /PRNewswire/ -- Freightos (Nasdaq: CRGO), a leading, vendor-neutral booking and payment platform for the vast international freight industry, today announced it will report its financial results for the fiscal year 2022 on Monday, March 13, 2023. Freightos' management will host a webcast and conference call to discuss the results that morning at 8:30am ET.

Freightos to Announce 2022 Financial Results on Monday, March 13, 2023

Innovative US carrier to enable seamless booking and payment on WebCargo, the leading cargo booking platform MIAMI and BARCELONA, Spain, Jan. 31, 2023 /PRNewswire/ -- Domestic cargo plays a key role in US trade, reaching over 20 billion cargo revenue ton miles in 2021 [1] . As air cargo expands across a range of sectors, freight forwarder demand for transparent, efficient pricing and booking is driving innovation at top airlines.

JetBlue Cargo, operated by AeroNex Cargo, to offer real-time cargo pricing, eBooking and payment for US forwarders via WebCargo

Shares of Freightos (NASDAQ: CRGO ) rose as much as 30% following the company's successful completion of a special purpose acquisition company (SPAC) merger. The company, which is based in the Cayman Islands but operated out of Jerusalem, Israel, runs an online marketplace for booking and payments related to international freight shipments.

Freightos (CRGO) Stock Soars 30% After SPAC Merger

(Updated January 26, 2022, 9:15 a.m. ET) Freightos, a digital freight marketplace that instantly connects ocean, air and truck carriers with shippers, was publicly listed on the Nasdaq exchange Thursday morning after combining with a blank-check company to raise $80 million, taking a route less traveled since the SPAC market fell out of favor.

Freightos makes public debut on Nasdaq as SPAC market tanks

Raised more than $80 million to fund growth strategy, anticipated to be in excess of cash needed to reach positive cash flow Leader in digitizing global shipping - one of the largest but most traditional industries in the world Freightos facilitates smooth supply chains, following two years of rampant volatility To commence trading tomorrow on Nasdaq under "CRGO" JERUSALEM , Jan. 25, 2023 /PRNewswire/ -- Freightos Limited (Nasdaq: CRGO), a leading global freight booking and payment platform ("Freightos" or the "Company") today announced the closing of its business combination with Gesher I Acquisition Corp. ("Gesher"), a special purpose acquisition company. The combined company will operate as Freightos Limited.

Freightos, a Leading, Vendor-Neutral Booking and Payment Platform for International Freight, Lists on Nasdaq

News for Freightos Ltd Stock (CRGO)