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Freightos Posts New Records for Transactions and Gross Booking Value for Second Quarter of 2024

The Company Plans To Report Earnings on August 19, 2024 BARCELONA, Spain, July 15, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ:CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported preliminary second quarter 2024 Key Performance Indicators. Actuals* Management's Expectations Q2 2024 Q2 2024 # Transactions ('000) 316.5 303.0 - 309.0 Year over-Year Growth 32 % 27% - 29% GBV ($m) 203.4 178.0 - 182.0 Year over-Year Growth 31 % 15% - 18% *Numbers are preliminary and subject to change with the full earnings release 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. This significant transaction growth highlights the growing adoption of digital solutions in the freight industry. Gross Booking Value (GBV) for Q2 2024 grew 31% compared to the same quarter last year, consistent with the growth of Transactions. Management had anticipated ...