Freightos Reports Record Transactions and Gross Booking Value for Third Quarter of 2024

PR Newswire10-16

The Company Plans To Report Earnings on November 25, 2024 BARCELONA, Spain, Oct. 16, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading, vendor-neutral booking and payment platform for ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2475966635?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/ytG9AG66McamA4cRr.s5qA--~B/aD01Mzt3PTQwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/prnewswire.com/1f7e6c5549947e295598a2a04b29b69c","is_english":true,"pubTime":"2024-10-16 19:00","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2475966635","market":"us","top_or_hot":-1,"title":"Freightos Reports Record Transactions and Gross Booking Value for Third Quarter of 2024","media":"PR Newswire","content":"<div>\n<p>The Company Plans To Report Earnings on November 25, 2024\nBARCELONA, Spain, Oct. 16, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading, vendor-neutral booking and payment platform for ...</p>\n\n<a href=\"https://finance.yahoo.com/news/freightos-reports-record-transactions-gross-110000148.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Freightos Reports Record Transactions and Gross Booking Value for Third Quarter of 2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFreightos Reports Record Transactions and Gross Booking Value for Third Quarter of 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-16 19:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/freightos-reports-record-transactions-gross-110000148.html><strong>PR Newswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Company Plans To Report Earnings on November 25, 2024\nBARCELONA, Spain, Oct. 16, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading, vendor-neutral booking and payment platform for ...</p>\n\n<a href=\"https://finance.yahoo.com/news/freightos-reports-record-transactions-gross-110000148.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0266013472.USD","symbol_name":"AXA WF - Framlington Longevity Economy A Cap USD","start_time":0,"source_url":"https://finance.yahoo.com/news/freightos-reports-record-transactions-gross-110000148.html","article_id":"2475966635","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ytG9AG66McamA4cRr.s5qA--~B/aD01Mzt3PTQwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/prnewswire.com/1f7e6c5549947e295598a2a04b29b69c"],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/freightos-reports-record-transactions-gross-110000148.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2475966635","pubTimestamp":1729076400,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The Company Plans To Report Earnings on November 25, 2024. BARCELONA, Spain, Oct. 16, 2024 /PRNewswire/ -- Freightos Limited , a leading, vendor-neutral booking and payment platform for the international freight industry, today reported preliminary key performance indicators for Q3 2024, showcasing strong growth in platform usage and network expansion, with the 19th consecutive quarter of record Transactions.Platform Expansion and Network GrowthFreightos continued to strengthen its digital freight marketplace in Q3 2024, facilitating increased transactions and expanding its global buyer and seller network.To participate in the call, please register at the following link","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","BK4534":"瑞士信贷持仓","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4585":"ETF&股票定投概念","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU1043141396.HKD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (HKD) ACC","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","BK4566":"资本集团","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","LU1043141123.HKD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (HKD) INC 2","BK4535":"淡马锡持仓","BKNG":"Booking Holdings","CRGO":"FREIGHTOS","LU0426412945.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","CRGOW":"FREIGHTOS LIMITED","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","BK4588":"碎股","LU0426417589.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC","BK4131":"航空货运与物流","LU0994945656.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC 2","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","FAX":"Aberdeen Asia-Pacific Income Fun","BK4561":"索罗斯持仓","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV","BK4505":"高瓴资本持仓","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. VL \"A\" (USD) ACC","BK4142":"酒店、度假村与豪华游轮","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","BK4548":"巴美列捷福持仓","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","LU0557290698.USD":"施罗德环球可持续增长基金","ABNB":"爱彼迎","LU1121112475.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USDHDG) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap"},"translate_title":"Freightos报告2024年第三季度创纪录的交易量和总预订价值","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ABNB":1,"BKNG":1,"CRGO":1,"FAX":1,"CRGOW":0.9},"content_text":"The Company Plans To Report Earnings on November 25, 2024\nBARCELONA, Spain, Oct. 16, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported preliminary key performance indicators for Q3 2024, showcasing strong growth in platform usage and network expansion, with the 19th consecutive quarter of record Transactions.\n\n\n\n\n\n\n\n\nActuals* \nManagement's  Expectations   \n\n\n\nQ3 2024 \nQ3 2024 \n\n\n\n\n\n\n\n# Transactions ('000) \n339.1 \n323.5 - 332.5 \n\n\nYear over-Year Growth \n26 % \n20% - 24% \n\n\nGBV ($m) \n217.5 \n198.0 - 203.5 \n\n\nYear over-Year Growth  \n35 % \n23% - 27% \n\n\n\n\n*Numbers are preliminary and subject to change with the full earnings release\nPlatform Expansion and Network GrowthFreightos continued to strengthen its digital freight marketplace in Q3 2024, facilitating increased transactions and expanding its global buyer and seller network.\n\nTransactions: Freightos facilitated 339.1K transactions in Q3 2024, representing a 26% year-over-year growth. This surpassed management's guidance of 323.5 - 332.5K, demonstrating the continued adoption of Freightos' platform by freight forwarders, importers, exporters, and carriers globally.\nCarrier and Buyer Growth: Freightos expanded its carrier network to 55 carriers, up from 39 in Q3 2023. The number of unique buyer users on the platform also grew by 14% year-on-year, reaching approximately 19,700 by the end of the quarter.\nGross Booking Value (GBV): The total value of transactions processed on the Freightos platform, or GBV, reached $217.5M, reflecting a 35% year-over-year increase, significantly exceeding the anticipated range of $198.0 - 203.5M.\n\n\"The KPIs we delivered this quarter reflect not only the continued growth of our platform, but also the critical role digital solutions are playing in the transformation of the freight industry,\" said Zvi Schreiber, CEO of Freightos. \"As more buyers and sellers join the platform and transaction volumes rise, we see clear network effects driving further engagement. At the same time, our SaaS solutions are tightly integrated with the platform, enhancing the value we deliver to customers. These efforts are not just about financial growth - they are essential to supporting the broader digitalization of global freight, helping our industry become more efficient, transparent, and connected with the Freightos platform playing a fundamental role.\"\nQ3 2024 Earnings CallFinancial results for the third quarter of 2024 and outlook for the fourth quarter will be reported before markets open on November 25, 2024. Freightos' management will host a webcast and conference call to discuss the results that morning at 8:30 a.m. EST.\nInformation about Freightos' financial results, including a link to the live webcast, will be available on Freightos' investor relations website at https://www.freightos.com/investor-news/.\nTo participate in the call, please register at the following link:https://freightos.zoom.us/webinar/register/WN_1KFr9f-1TRmTzd3wVW4GKw\nFollowing registration, you will be sent the link to the conference call which is accessible either via the Zoom app, or alternatively from a dial-in telephone number.\nQuestions may be submitted in advance to ir@freightos.com or via Zoom during the call.\nA replay of the webcast, as well as the call's transcript, will be available on Freightos' Investor Relations website following the call.\nGlossaryWe have provided below a glossary of certain terms used in this press release:\n\nCarriers: Number of unique air and ocean carriers, mostly airlines, that have been sellers of transactions. For airlines, we count booking carriers, which include separate airlines within the same carrier group. We do not count dozens of other airlines that operate individual segments of air cargo transactions, as we do not have a direct booking relationship with them. Carriers include ocean less-than-container load (LCL) consolidators. In addition, we only count carriers when more than five bookings were placed with them over the course of a quarter.\nUnique buyer users: Number of individual users placing bookings, typically counted based on unique email logins. The number of buyers, which counts unique customer businesses, does not reflect the fact that some buyers are large multinational organizations while others are small or midsize businesses. Therefore, we find it more useful to monitor the number of unique buyer users than the number of buyer businesses.\nGBV: Total value of transactions on the Freightos platform, which is the monetary value of freight and related services contracted between buyers and sellers on the Freightos platform, plus related fees charged to buyers and sellers, and pass-through payments such as duties. GBV is converted to U.S. dollars at the time of each transaction on the Freightos platform. This metric may be similar to what others call gross merchandise value (GMV) or gross services volume (GSV). We believe that this metric reflects the scale of the Freightos platform and our opportunities to generate platform revenue.\nTransactions: Number of bookings for freight services, and related services, placed by Buyers across the Freightos platform with third-party sellers and with Clearit.  Sellers of Transactions include Carriers (that is, airlines, ocean liners and LCL consolidators) and also other providers of freight services such as trucking companies, freight forwarders, general sales agents, and air master loaders. The number of transactions booked on the Freightos platform in any given time period is net of transactions that were canceled prior to the end of the period. Transactions booked on white label portals hosted by Freightos are included if there is a transactional fee associated with them.\n\nAbout FreightosFreightos® (NASDAQ: CRGO) is the leading vendor-neutral global freight booking platform. Airlines, ocean carriers, thousands of freight forwarders, and well over ten thousand importers and exporters connect on Freightos, making world trade faster, more efficient and more resilient.\nThe Freightos platform digitizes the trillion dollar international freight industry, supported by a suite of software solutions that span pricing, quoting, booking, shipment management, and payments for global businesses of all shapes and sizes. Products include the Freightos Marketplace, WebCargo, WebCargo for Airlines, 7LFreight by WebCargo, Shipsta by Freightos, and Clearit.\nFreightos is a leading provider of real-time industry data via Freightos Terminal, which includes the world's leading spot pricing indexes, Freightos Air Index (FAX) for air cargo and Freightos Baltic Index (FBX) for container shipping.\nMore information is available at freightos.com/investors.\nContactsMedia:Tali Aronskypress@freightos.com \nInvestors:Anat Earon-Heilbornir@freightos.com \nLogo - https://mma.prnewswire.com/media/2319256/4496202/Freightos_Logo.jpg\n View original content:https://www.prnewswire.com/news-releases/freightos-reports-record-transactions-and-gross-booking-value-for-third-quarter-of-2024-302276705.html\nSOURCE Freightos","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2475966635"}