Tariffs and de minimis set air freight rates on a volatile course
Airfreight rates are climbing as shippers rush to move goods before a potential trade war ...
Photo: Freightos
By Alex Lennane
Freightos has released fairly underwhelming results for its third quarter, as it continues to find a path to profitability – a path which may be even harder to tread since the outbreak of war in Israel, its home country.
In just the third set of full results since listing on the Nasdaq in January, the booking platform reported revenue up 9%, to $5.1m, with gross profit for the quarter at $2.8m, up 8.8% – but operating expenses rose 58%, year on ...
Comment on this article
Felix Harrington
November 21, 2023 at 7:28 pmEncouraged by Freightos’ revenue growth and operational efficiency plan, but closely monitoring the substantial rise in operating expenses for sustained profitability.