Freightos

Overview

Freightos is a logistics technology company that provides digital tools for international freight pricing, procurement, and booking. Its services connect importers, exporters, freight forwarders, airlines, and ocean carriers. The Freightos platform is used to compare and book international freight services, while WebCargo provides freight forwarders and air carriers with digital air-cargo pricing, capacity distribution, and e-booking tools.

Freightos is primarily a software and marketplace provider rather than an asset-owning airline or ocean carrier. It does not operate ships or aircraft. Through acquired businesses, including the customs brokerage Clearit, it also offers services beyond a pure rate-comparison marketplace. The publicly traded parent is Freightos Limited, whose Class A ordinary shares trade on the Nasdaq Capital Market under the ticker CRGO.

History

Freightos was founded in 2012 by Zvi Schreiber. The company has described its origin in the difficulty of obtaining timely, comparable international freight quotations, at a time when much freight forwarding still relied on telephone calls, PDF rate sheets, and spreadsheets.

Freightos developed AcceleRate, a multimodal rate-management system for freight forwarders. In August 2016 it acquired WebCargo (formerly WebCargoNet), a Barcelona-based provider of digital air-cargo rate management and booking tools. The acquisition extended Freightos into airline rate distribution and electronic booking.

In 2021 Freightos acquired Clearit, a digital customs brokerage. Clearit is a brokerage business, not an airline-data platform. Later in 2021 Freightos acquired 7LFreight, a rate-management business focused on North American domestic air freight and trucking rates. These transactions are described in company disclosures available through Freightos investor relations.

In 2022 Freightos announced a business combination with Gesher I Acquisition Corp., a special-purpose acquisition company. The combination closed in January 2023, and Freightos Limited began trading on Nasdaq on January 26, 2023. The company reports Jerusalem among its principal operating locations and also operates internationally, including the Barcelona-based WebCargo business. Audited results and transaction updates are published on its investor relations site.

Products and Services

Freightos marketplace

The Freightos marketplace is a business-to-business platform on which shippers can search, compare, book, and manage international shipments offered by participating providers. Coverage can include full-container-load, less-than-container-load, and air freight, with ancillary services such as customs clearance, cargo insurance, and inland transport where a participating provider offers them. Available rates, transit times, and carriers depend on which forwarders and services are connected at the time of a search.

WebCargo

WebCargo is a digital air-cargo platform used by freight forwarders and airlines. Forwarders can consult published and contracted airline tariffs, view capacity information made available by participating carriers, and place electronic bookings. Airlines use it as a distribution channel for rates and bookings. It does not replace every carrier’s proprietary portal, and participation varies by airline and route.

Market intelligence

Freightos publishes the Freightos Baltic Index (FBX) with the Baltic Exchange. FBX tracks container spot-rate benchmarks, including rates for 40-foot containers on major global trade lanes, and is used as a market reference by shippers, analysts, and participants in freight-linked contracts. Freightos states that the index methodology is aligned with International Organization of Securities Commissions (IOSCO) principles for financial benchmarks; that statement should be read as the administrator’s own compliance description, not as an independent certification reproduced here.

The company also publishes the Freightos Air Index (FAX), an airport-to-airport air-cargo rate benchmark. Index values are lane averages and are not quotes for a particular shipment.

Role in Logistics and Supply Chains

International freight procurement commonly involves a cargo owner, a freight forwarder, and asset-owning ocean or air carriers, plus inland transport, terminals, and customs processes. Those parties have historically exchanged rates and bookings through email, spreadsheets, and carrier-specific systems.

Freightos addresses parts of that workflow at two levels:

1. Carrier-to-forwarder distribution. WebCargo lets participating airlines distribute air-cargo rates and accept electronic bookings from forwarders, including through digital connections, instead of relying only on static rate sheets.
2. Shipper-facing procurement. The Freightos marketplace lets cargo owners compare offers from participating forwarders and book selected services. Tracking, customs, and accessorial charges may still be handled by the forwarder, carrier, broker, or terminal after booking.

Booking data can inform a shipper’s inbound planning, but a marketplace confirmation is not itself warehouse receiving, inventory, or purchase-order execution. Those remain separate operational processes.

Customers and Industries Served

Documented user groups, rather than a verified customer list, include:

• Importers, exporters, and merchants that use the marketplace for international spot freight and related services offered by participating providers.
• Freight forwarders that use WebCargo and rate-management tools to store rates, prepare quotations, and book capacity with connected carriers.
• Airlines that distribute air-cargo rates and bookings through WebCargo where they choose to participate.
• Analysts and procurement teams that consult the Freightos Baltic Index as a container-market benchmark. Use of the index by any particular institution should not be assumed without that institution’s own disclosure.

Documented Limitations

• Coverage depends on participation. Quotes and schedules on the Freightos marketplace and WebCargo reflect providers that are integrated and offering capacity. Carriers that sell only through their own channels, or that have not connected a given lane, will not appear.
• Quoted price is not always the final landed cost. Spot quotes can omit destination charges, demurrage, detention, inspections, duties, and other accessorials. Those amounts are often known only after the shipment moves.
• Execution stays with operators. Freightos does not operate aircraft, container ships, or trucks. Delays, congestion, weather, and customs holds are the responsibility of the carrier, forwarder, terminal, or relevant authority. Clearit’s brokerage activity is a service relationship, not ownership of the transport assets.
• Indexes are not individual rates. The Freightos Baltic Index and FAX are aggregated benchmarks. A commercial rate can differ because of equipment, volume commitment, weight, commodity, and service level.
• Public-company information changes. Listing status, segment results, and product names should be checked against current Nasdaq and investor-relations disclosures.