WiseTech: Richard White, back as exec chairman, tries to reassure investors…
‘Only the paranoid survive’
It’s now a year into Freightos’s listing on Nasdaq, and the platform company has been busy – but not necessarily making money, however.
Revenues were up 6%, to $20.3m, but adjusted ebitda fell from a loss of $14.6m to a loss of $19m. And the operating loss worsened to $77.8m, compared with $24.3m for 2022 – but included the huge one-time, non-cash $46.7m share listing expense.
It’s a race to see which of the airfreight booking platforms will turn a profit first ...
'Disastrous' DSV-Schenker merger would 'disrupt European haulage market'
New senior management for DSV as it readies for DB Schenker takeover
Volumes set to 'fall off a cliff' as US firms hit the brakes on sourcing and bookings
Asian exporters scramble for ships and boxes to beat 90-day tariff pause
Amazon pushes into LTL for small package fulfilment and UPS does a u-turn
Temporary tariff relief brings on early transpacific peak season
Pre-tariff rush of goods from US to China sees air rates soar, but not for long
'Tariff madness' will prompt renegotiation of ocean shipping contracts
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