Freightos Limited Celebrates Record Performance in Q1 2025 Amid Market Challenges

Freightos Achieves Record Transactions in Q1 2025

Freightos Limited, a leading vendor-neutral platform for international freight booking and payments, has announced an outstanding performance for the first quarter of 2025. The company revealed that it facilitated a remarkable 371,000 transactions during this quarter, marking a significant 25% year-over-year increase. Not only did this figure exceed management's expectations, but it also represents the 21st consecutive quarter of record transactions for Freightos, reflecting its stronghold in the digital freight sector.

In the face of global tariff uncertainties, Freightos has demonstrated resilience and adaptability by expanding both its digital platform and its network of users. This quarter's growth was not just driven by existing users, but also by steady additions of new carriers and buyers, underscoring Freightos's commitment to meeting the evolving needs of the international freight market.

Platform Expansion and Increased Network Participation

Freightos's strategy to enhance its platform was evident in Q1 2025 as it expanded its global buyer and seller network. This quarter, the company added new specialized cargo operators to its network, increasing the total number of carriers to 71. This diversification allows Freightos to broaden its service coverage across various routes, which is critical in today's dynamic trade environment.

Additionally, unique buyer users on the platform grew by 10% year-over-year, reaching 19,700 users. This influx of new participants signals robust demand for Freightos's offerings, illustrating the network effects that propel the platform's growth.

Impressive Gross Booking Value (GBV)

Another highlight of Freightos's Q1 report was its gross booking value (GBV), which amounted to $276.1 million. This figure not only reflects a staggering 43% increase from the previous year but also indicates the rising transaction volumes and larger average transactions being processed on the platform, particularly within key trade lanes. As the freight market evolves, Freightos has managed to maintain freight rate stability, contributing to this impressive growth.

Leadership Insights

CEO Zvi Schreiber commented on the company's performance, stating, "Freightos continued to grow the platform in the first quarter, further extending our lead in digital freight bookings. While tariffs may affect the growth of world trade, there are still hundreds of billions of dollars of international freight services being booked offline. Therefore, any shifts in trade policy are expected to have only a marginal impact on the vast growth opportunities available for our digital platform."

Schreiber emphasized the critical role that Freightos plays in the ongoing digital transformation of the freight industry, providing essential tools for carriers, freight forwarders, and importers/exporters worldwide. The platform is designed to facilitate smoother global trade, supported by a suite of software solutions that streamline pricing, quoting, booking, shipment management, and payments.

Looking Ahead

Freightos will soon provide detailed financial results for Q1 2025, with a full earnings report scheduled for release in mid-May. The forthcoming report will shed further light on the company's continued growth trajectory and operational developments.

As Freightos moves forward, industry observers will be keenly watching its innovations and strategic initiatives aimed at solidifying its position as a leading digital freight booking platform. The ability to adapt to market changes while driving technological advancements is vital for sustaining its competitive edge in the ever-evolving international freight landscape.

In summary, the first quarter of 2025 has proven to be a landmark period for Freightos Limited, as the company steadfastly navigates the complexities of the global freight market, armed with a robust technological platform and an expanding network of global partners.