Freightos, the leading vendor-neutral digital booking and payment platform for the international freight industry, announced the addition of Hainan Airlines (HNA Cargo), a top five airline in China, to its leading WebCargo digital air cargo booking and payment platform. This collaboration marks a significant expansion of capacity available for forwarders on the platform in Asia Pacific and Europe. Additionally, WebCargo’s digital payment solution now supports transactions with HNA Cargo, … [Read more...] about Freightos expands digital air cargo offering with HNA Cargo
Freightos
Pacific Air Cargo joins Freightos’ platform, expanding digital air cargo capacity to Hawaii and Pacific Islands
Freightos announced the addition of Pacific Air Cargo to its leading WebCargo digital air cargo booking and payment platform. This collaboration expands WebCargo’s offered capacity to include key routes from Los Angeles to Hawaii and the Pacific Islands, complementing recent advancements in its domestic US air cargo capacity. Pacific Air Cargo, renowned for its network and reliable service, operates over 600 annual flights and transports more than 100 million pounds of cargo a year. The … [Read more...] about Pacific Air Cargo joins Freightos’ platform, expanding digital air cargo capacity to Hawaii and Pacific Islands
Freightos acquires Shipsta, expanding comprehensive digital freight procurement solution
Freightos announced the acquisition of Shipsta, a leading freight-tender procurement platform used by dozens of Global 1000 enterprises to procure freight at scale from leading freight forwarders and carriers. This transaction expands Freightos’ existing industry-leading spot pricing, quoting, and booking capabilities by adding tender procurement, thereby advancing Freightos’ vision of comprehensive freight digitisation and meaningfully increasing its total addressable market, both in ocean and … [Read more...] about Freightos acquires Shipsta, expanding comprehensive digital freight procurement solution
Freightos posts new records for transactions and gross booking value for Q2 2024
Freightos Limited, a leading vendor-neutral booking and payment platform for the international freight industry, reported preliminary second quarter 2024 Key Performance Indicators. In Q2 2024, Freightos continued to progress toward its long-term growth objectives. The company facilitated 316.5 thousand transactions, representing a year-over-year growth of 32%, surpassing management expectations for the quarter and exceeding the long-term target of 20-30% annual transaction growth rate. … [Read more...] about Freightos posts new records for transactions and gross booking value for Q2 2024
Freightos goes public on Nasdaq
Last week Freightos Limited, a freight booking and payment platform, announced the successful combination with special-purpose acquisition company Gesher I, and is now listed on Nasdaq The combined company will operate as Freightos Limited and will now start trading its ordinary shares and warrants on the Nasdaq under the ticker symbols CRGO and CRGOW, respectively. Freightos connects hundreds of airlines, ocean liners, and trucking companies, thousands of freight forwarders and over 10 … [Read more...] about Freightos goes public on Nasdaq
Freightos eyes Nasdaq listing with ‘special’ merger
Freight booking and payment platform Freightos Ltd is looking to go public on Nasdaq after the company entered into a definitive merger agreement with special purpose acquisition company (SPAC) Gesher I Acquisition Corp. The capital raised from the transaction will be invested to further scale the business, driving transaction value and improving margins. The implied pro forma enterprise value of the merger is estimated at approximately $435 million, leaving 78 percent stake to existing … [Read more...] about Freightos eyes Nasdaq listing with ‘special’ merger