Freightos
Israeli-founded digital freight booking and payments platform connecting importers, exporters, freight forwarders, and carriers for international shipping.
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Freightos is an Israeli-founded logistics technology company that operates a digital booking and payments platform for international freight. Founded in January 2012 by Dr. Zvi Schreiber, who previously founded companies acquired by IBM and GE, the company has built a comprehensive marketplace connecting airlines, ocean liners, trucking carriers, freight forwarders, and importers or exporters.
The Freightos platform facilitates transactions at a run-rate of 1.4 million per year, connecting 77 air and ocean carriers with thousands of freight forwarders and importers/exporters. The company also operates WebCargo by Freightos (acquired in 2016), providing rate management and quoting software for freight forwarders and carriers. Additionally, Freightos produces the Freightos Baltic Index (FBX), a widely-used daily containerized freight rate index published in partnership with the Baltic Exchange.
Freightos went public on Nasdaq (CRGO) in January 2023 through a SPAC merger with Gesher 1. The company reported revenue of approximately $26 million and employs around 400 people across offices in Barcelona (largest office), Modi'in (Israel), Ramallah, Oregon City, Montreal, Chennai, and Luxembourg. Freightos acquired Shipsta in 2024 to add freight procurement solutions to its platform.
Dual-Use Assessment
Freight logistics platforms have dual-use potential for military supply chain and logistics operations, enabling efficient management of international cargo movements, rate optimization, and supply chain visibility for defense logistics.
Strategic Fit Assessment
Freightos is publicly traded on Nasdaq (CRGO). Direct private investment is not available. The company has relatively small revenue but operates in a large addressable market.
Strategic Value to U.S.-Israel Alliance
Freightos's freight logistics platform has potential applications for defense supply chain management and military logistics operations. The Freightos Baltic Index provides strategic visibility into global shipping rates.
Key Technologies
- Digital freight booking and marketplace platform
- Rate management and quoting software (WebCargo)
- Freight rate index and market intelligence (FBX)
- International shipping payment processing
- Supply chain visibility and tracking tools
Use Cases & Applications
- International freight booking and management
- Freight forwarder rate management and quoting
- Global shipping market intelligence and pricing
- Military and government logistics supply chain
- E-commerce international shipping optimization
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