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Freightos Limited helps freight forwarders manage freight rates, prepare quotes and book transport, while giving enterprise shippers tools to procure freight and track market pricing. Its Solutions business supplies most of its revenue, mainly through recurring software and data subscriptions paid by customers.
The software also connects customers to freight providers. WebCargo by Freightos lets forwarders book with carriers, primarily airlines; freightos.com lets importers and exporters buy freight services from logistics providers. Freightos earns fees from buyers and sellers for facilitating bookings and handling payments, rather than operating the transport itself. It also charges customers for customs clearance through Clearit in the United States and Canada. Clearit must maintain broker licenses and licensed personnel to provide that service; elsewhere on the platform, freight sellers are third parties.
Freightos is prioritizing software adoption in customers’ daily work, aiming to turn that use into more platform bookings. This depends on carriers and forwarders connecting their systems and offering the routes buyers need. A small group of sellers accounts for much of the value booked, so changes in their offerings can materially affect platform activity. Booking revenue also depends on freight demand and, for fees tied to booking value, freight rates.
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Freightos’ results hinge on freight-software adoption and digital booking growth; important competitors outside this list include WiseTech, Cargo.one and Cargo.Ai.
Descartes competes with Freightos for logistics providers’ software spending: its Portrix helps ocean freight forwarders manage rates and prepare quotes, overlapping with Freightos’ subscription software. Watch Portrix adoption among those forwarders for signs of competition for Freightos’ software customers.
Freight Technologies competes with Freightos for shippers’ online ocean-freight bookings through Waavely. Waavely charges shippers and pays carriers, keeping the difference; its ocean-booking activity is the part to watch for competition with Freightos’ marketplace.
Expeditors competes with Freightos by selling air and ocean freight services directly to shippers, and both depend on international freight volumes and rates. Expeditors buys cargo space from carriers and resells it to customers; its air and ocean forwarding results offer a read on the freight activity that also affects Freightos’ bookings.
FedEx both competes for Freightos’ shipper customers through its forwarding services and uses Freightos’ software or booking platform through FedEx Logistics. Watch FedEx Logistics’ use of those tools: a business selling freight services directly to shippers can also support Freightos’ software adoption and bookings.
C.H. Robinson competes with Freightos when shippers buy ocean freight, air freight and customs brokerage directly from its Global Forwarding business rather than through Freightos. Watch that business rather than its North American trucking brokerage for the closest overlap with Freightos’ booking and customs-service fees.
C.H. Robinson Worldwide, Inc. earningsCHRW
C.H. Robinson’s Global Forwarding report will show how shipper demand is holding up for ocean, air and customs services that compete with Freightos’ bookings.
Focus on Global Forwarding’s air and ocean results, not North American truck brokerage. Resilient air and ocean business would show shippers are still buying services that overlap with Freightos’ bookings; weakness would signal softer demand in that market and less supportive conditions for Freightos’ booking fees.
Expeditors International of Washington, Inc. earningsEXPD
Expeditors’ air and ocean forwarding results will show how freight volumes and rates are affecting the international market that also drives Freightos’ bookings.
Read Expeditors’ air and ocean forwarding results alongside freight volumes and rates. Stronger business would indicate a more supportive backdrop for Freightos’ platform bookings; weaker results would point to pressure on transaction volume or booking value, while rate changes can also affect revenue tied to that value.
Freightos Limited earningsThis company
Freightos’s report will show whether wider use of its freight software is turning into more subscription revenue and platform bookings.
Read Solutions subscription revenue alongside Platform bookings and gross bookings value (GBV), the value of freight booked through the platform. Subscription growth with more bookings would show software use is drawing transactions onto the platform. If subscriptions grow but bookings do not, that pull-through is not yet evident; if both weaken, adoption, freight activity or rates may be limiting monetization.
Descartes Systems Group Inc earningsDSGX
Descartes Systems Group’s Portrix helps ocean forwarders manage rates and quotes, so its report can show how forwarders are choosing software that overlaps with Freightos’ subscriptions.
Look for what Descartes says about Portrix adoption, alongside the performance of its related software business. Greater adoption would show forwarders are paying for this type of tool and sharpen competition for Freightos’ subscriptions; limited adoption or weak results would provide less evidence of that competitive pressure.
