Freightos Reports Record Transactions and Carrier Growth for Q4 2024
Freightos Limited (NASDAQ: CRGO) reported record-breaking results for Q4 2024, marking its 20th consecutive quarter of transaction growth. The company facilitated 350,400 transactions, a 22% year-over-year increase, and expanded its carrier network to 67, the largest quarterly growth in its history. Gross Booking Value (GBV) for the quarter reached $280.5 million, reflecting a 50% year-over-year increase. These achievements underscore Freightos' role in driving digital transformation in the freight industry and scaling its platform to meet the needs of diverse global markets.

William Carlin
16 Jan 2025 6:02 PM

Freightos Achieves 20th Consecutive Quarter of Record Transactions
Freightos Limited (NASDAQ: CRGO), a global leader in vendor-neutral freight booking, reported exceptional growth for Q4 2024, continuing its streak of record-setting quarters. The Barcelona-based company saw unprecedented network expansion, with the highest-ever number of carriers added in a single quarter and a 22% year-over-year increase in transactions.
Key Performance Highlights
Freightos provided preliminary results for Q4 and FY 2024, showing substantial growth across all key metrics:
- Transactions: Q4 2024 transactions reached 350,400, marking a 22% year-over-year increase. This continues a 20-quarter streak of record transaction growth.
- Carrier Expansion: The platform expanded its carrier network to 67, up from 45 a year ago, with a strong focus on regional and niche air cargo operators.
- Gross Booking Value (GBV): GBV for Q4 2024 hit $280.5 million, a 50% year-over-year increase, driven by robust transaction volume and sustained market rates.
Driving Digital Transformation in Freight
Freightos CEO Zvi Schreiber highlighted the platform's growing influence in the freight industry, stating, "The strong carrier growth we delivered in Q4 highlights the freight industry's increasing recognition of the need for digital transformation. Freightos enables diverse carriers to connect with thousands of freight forwarders globally, expanding the reach of emerging trade lanes and specialized markets."
Freightos also reported a 14% year-over-year increase in unique buyer users, totaling 20,100 by the end of Q4 2024, further emphasizing the platform’s scaling network effects.
Upcoming Earnings Report
Freightos plans to release its full financial results for Q4 and FY 2024 on February 24, 2025. The announcement will be followed by a webcast and conference call at 8:30 a.m. EST. Interested parties can register for the call via Freightos' Investor Relations website.
About Freightos
Freightos® is a leading digital freight platform connecting airlines, ocean carriers, freight forwarders, and thousands of importers and exporters. Its suite of solutions streamlines international freight processes, empowering global trade.
This article is based on a press release from Freightos. All data is preliminary and subject to final confirmation.