Freightos, a leading digital booking and payment platform for the international freight industry, has demonstrated significant growth in recent periods.

Fourth Quarter and Full Year 2024 Performance

Transaction Growth: In Q4 2024, Freightos facilitated a record 350,400 transactions, marking a 22% increase compared to the same period in 2023. For the entire year, the company processed approximately 1.3 million transactions, reflecting a 27% year-over-year growth. This quarter marked the 20th consecutive quarter of record transactions, underscoring Freightos’ expanding influence in digital freight services.

Revenue and Gross Booking Value (GBV): The fourth quarter revenue reached $6.6 million, contributing to a full-year revenue increase of 17%. The GBV for Q4 2024 was $280.7 million, a 50% rise from the previous year, bringing the annual GBV to $894 million, up 33% from 2023.

Carrier and User Expansion: The number of carriers on the platform grew from 55 in Q3 to 67 in Q4 2024, with notable additions like CMA CGM AIR CARGO. Post-quarter, Norwegian Cargo and WestJet Cargo also joined. Unique buyer users increased by 14% year-over-year, totaling 20,100 in Q4 2024.

Outlook for Q1 2025

Freightos projects continued growth in Q1 2025, anticipating:

Revenue: Forecasted between $6.7 million and $6.8 million, reflecting a 25% to 27% growth.

Transactions: Between 362,000 and 370,000 transactions, representing a 22% to 25% year-over-year increase.

GBV: An expected range of $272 million to $280 million, indicating a 41% to 45% rise from Q1 2024.

t.

The company also anticipates an adjusted EBITDA loss between $3.0 million and $3.2 million for the quarter.These figures highlight Freightos’ robust performance and its pivotal role in advancing digital solutions within the logistics sector.