De minimis cut won't hurt demand for Chinese ecommerce, but for air cargo?
While most companies are professing ‘uncertainty’ over the potential impact of the closure of the ...
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 ...
Price war as carriers compete for cargo driving down container spot rates
Up to $1.5m fee for every Chinese-built box ship calling at a US port
Airfreight rates rising gently as ecommerce giants eye new tradelanes
Carriers warn of cargo disruption due to strikes at Munich Airport
Maersk Saltoro delay may mean multi-million dollar claims for cherry shippers
MSC switches bigger box ships to higher-paying trades in 'landmark' move
Sanctions-busting forwarder jailed, while Europe 'ramps up the pressure'
Expeditors CEO out, 'fresh blood in' – and another top exec change expected
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.