Home > 2024 > Freightos deals with a million transactions in 2023 whilst continuing to lose millions of dollars

Freightos deals with a million transactions in 2023 whilst continuing to lose millions of dollars

Freightos deals with a million transactions in 2023 whilst continuing to lose millions of dollars

FREIGHTOS handled over a million transactions in 2023 according to its full-year results. The digital booking and payment platform achieved a record 287,000 transactions in the fourth quarter of 2023, an increase of 36 per cent year over year to end the year with 1,025,000 transactions.

The platform’s own revenue, at US$20.3 million for the full year 2023, was up by 6 percent compared to 2022 however it posted an adjusted loss of $19 million for 2023 and only expects to make its first profit in the fourth quarter of 2026.

You may also like
Trade Update – 10th May 2024: AUSTRALIA LAUNCHES STEEL INQUIRY, INDIA LIFTS ONION EXPORT BAN, US & PHILIPPINES TALK TRADE and many more…
4th Month of Good Growth for Airfreight
Trade Update – 3rd May 2024: AUSTRALIA & CHINA TALK TRADE, NEW ZEALAND LASHES CANADA, TAIWAN & US MEET FOR TRADE TALKS and many more…
Carrier’s On Time Performance Improves in March
Malcare WordPress Security