news Container Container News
Freightos reported preliminary second-quarter platform metrics that exceeded management’s expectations, driven by stronger transaction growth and higher gross booking value (GBV). The company recorded a record 458,000 transactions during the quarter. That was 15% higher than a year earlier and above its guidance of 437,000-444,000 transactions. Gross Booking Value (GBV) reached a record US$422 million, up 33% year on year. The result also exceeded the company’s forecast of US$388-393 million. Freightos said the stronger performance reflected the recovery of Middle East trade routes during the quarter. The company also benefited from elevated air freight rates, which remained about 25% above pre-conflict levels. Excluding shipments involving Middle East origins, destinations or airspace, transaction growth remained in line with Freightos’ long-term target of 20-30%. The platform had 75 active carriers during the second quarter, unchanged from a year earlier. Unique buyer users increased to approximately 21,000, up from 20,600 in the previous quarter and 4% higher than a year ago. “Q2 volumes recovered faster than we expected, with Middle East routes resuming activity even as the broader conflict continues to disrupt global trade corridors,” said Pablo Pinillos, CEO and Interim CFO of Freightos. “We continue to focus on scaling solutions adoption and executing toward profitability while supporting our customers during continued market uncertainty.” Freightos plans to release its full second-quarter 2026 financial results on 17 August 2026. The post Freightos Q2 platform activity beats expectations appeared first on Container News .
Freightos Q2 platform activity beats expectations
Container News
Read full article at Container News →
Opens Container News in a new tab