#Spain #logistics #Barcelona #Freightos #CRGO

Freightos Files Its Annual Report for 2024

Freightos Limited, a prominent name in the international freight industry, has recently disclosed its annual report on Form 20-F for the fiscal year ending December 31, 2024. The document, filed with the U.S. Securities and Exchange Commission (SEC), presents a detailed account of the company's performance, operations, and financial health over the past year.

Highlights of the Annual Report

Within the report, Freightos emphasizes its role as a vendor-neutral digital platform that significantly enhances the booking and payment process for freight services. It caters to a diverse clientele, including airlines, ocean carriers, freight forwarders, and importers/exporters. This comprehensive ecosystem not only streamlines logistics but also fosters a more resilient global trade infrastructure.

Freightos has developed various innovative products designed to cater to multiple stakeholders within the freight industry. Their offerings range from the Freightos Marketplace, which simplifies the booking process for logistics services, to WebCargo and Clearit, both of which enhance transparency and efficiency in shipping.

The company's robust digital platform digitizes processes across the trillion-dollar international freight industry, integrating software solutions for pricing, quoting, booking, shipment management, and payment functionalities. With over ten thousand users connected through their marketplace, Freightos has positioned itself as a vital resource in this competitive landscape.

Financial Overview

Freightos’ annual report presents audited financial statements that reveal its growth trajectory. The report is accessible both on the SEC's website and the company's investor relations site, ensuring that stakeholders can easily review their financial standing. The company is committed to providing printed copies of the report to shareholders upon request, emphasizing transparency and shareholder engagement.

With a focus on innovation, Freightos has continuously evolved its technology stack to meet market demands, including developing advanced tools for real-time data analysis. Their solutions, such as the Freightos Terminal, offer valuable insights via industry-leading pricing indexes, notably the Freightos Air Index (FAX) and the Freightos Baltic Index (FBX).

Looking Ahead

As Freightos continues to expand its reach and improve its offerings, the company is well-positioned to adapt to the dynamic nature of the shipping industry. Their emphasis on providing cost-effective, efficient solutions indicates a forward-thinking approach that aims to redefine logistics processes in the years to come.

Through ongoing enhancements in service delivery and technological advancements, Freightos aspires to solidify its status as an industry leader. This annual report is not only a reflection of past accomplishments but also a roadmap for future success in the competitive freight landscape.

Conclusion

Freightos Limited’s annual report for 2024 underscores the company’s commitment to innovation and reliable service in the international freight industry. By maintaining a focus on stakeholder satisfaction, efficiency, and growth, Freightos is set to navigate upcoming industry challenges effectively while continuing to support global trade initiatives.

For those seeking more information or wishing to delve into the specifics of the financial results, the full report can be accessed online, or a physical copy can be requested through their Investor Relations. This commitment to transparency speaks volumes about Freightos' dedication to its stakeholders.

For media inquiries, contact Tali Aronsky at [email protected], and for investor-related questions, reach out to Anat Earon-Heilborn at [email protected].