Business
Freightos Reports Platform KPIs for First Quarter as it Executes Solutions-Led Strategy
The Company Plans To Report Earnings on May 26, 2026BARCELONA, Spain, April 15, 2026 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), the leading
About this update from Freightos Limited
[{"type":"text","content":"The Company Plans To Report Earnings on May 26, 2026BARCELONA, Spain, April 15, 2026 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), the leading vendor-neutral global freight pricing, booking and procurement platform, today reported preliminary key performance indicators for the first quarter of 2026.\nThese operational KPIs primarily reflect platform activity. Freightos' strategy is focused on scaling its solutions and software offerings, which represent the majority of revenue and are less directly reflected in these metrics, while supporting deeper utilization across the platform. Solutions progress will be discussed in the upcoming earnings release.Actuals*Management's ExpectationsQ1 2026Q1 2026# Transactions ('000)425446 - 451Year over Year Growth15 %20% - 22%GBV ($m)343335 - 341Year over Year Growth 24 %21% - 23%*Numbers are preliminary and subject to change with the full earnings releasePlatform Expansion and Network GrowthTransactions: Q1 2026 transactions totaled 425k, up 15% year-over-year and below management's expectations, reflecting reduced activity in Middle East routes amid ongoing military conflict and disruption to major international shipping and air corridors. Excluding routes involving Middle East origin, destination or airspace, transactions grew year-over-year at a rate above management expectations, reflecting continued growth across other regions and increased use of alternative routing.Carrier and Buyer Growth: Our active carrier network maintained its record level of 79 carriers in Q1 2026, up from 77 in Q4 2025. Unique buyer users declined slightly on a sequential basis to approximately 20,600, reflecting the reduced activity in the Middle East, but was up approximately 5% year over year.Gross Booking Value (GBV): The total value of transactions processed on the Freightos platform, or GBV, reached $344M for Q1 2026 up 24% from Q1 last year. GBV met management expectations as elevated freight rates as a result of capacity constraints due to the ongoing conflict in the Middle East compensated for the transaction shortfall. Once again, the largest contributor from an absolute perspective was the Webcargo portal.\"Facilitating 425 thousand transactions during the quarter shows that global logistics companies continue to rely on the Freightos platform to weather volatility,\" said Pablo Pinillos, CEO and...