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Here is another round-up of the most engaging and talked-about freight content from around the web and from us.
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According to FreightWaves' CEO, Craig Fuller, Freightos is burning about $6 million per quarter, higher than its revenue.
Freightos Limited, a leader in digital freight booking, reported positive strides in its third-quarter earnings for 2023. Despite the freight industry's downturn, Freightos marked its 15th consecutive quarter of transaction growth, signaling a stronger value proposition. Key highlights include:
However, the path isn't all smooth. According to FreightWaves' CEO, Craig Fuller, Freightos is burning about $6 million per quarter, higher than its revenue. With $55 million in cash reserves, it stands relatively stronger than others in the freight tech space, many of whom are facing tighter cash constraints after COVID-era expansions.
Market experts like 10xLogisticsExperts express concerns about Freightos's reliance on volume growth for profitability, emphasizing the importance of a realistic path to financial sustainability.
With the rate of closures, particularly the recent shutdown of Convoy, Freightos highlights the complexities of digital transformation challenges in freight and logistics.
Sources: PR Newswire
Crazy times. In practice, no #technology, including #artificialintelligence, will be effective unless we are clear on the problem. I keep saying it!
— Dawid Bultrowicz (@DawidBultrowicz) November 23, 2023
The Do your thoughts indicate that the road transport recession is due to an oversupply of trucks, both in the US and Europe?
I have spoken to many candidates, and I see a common theme. Freight Fatigue Logistics folks are worn down by
C.H. Robinson’s credit rating upgrade by S&P Global highlights how cost-cutting, debt repayment, and efficiency gains are reshaping the 3PL’s financial outlook during a difficult freight recession.
Margins are tight, and the freight market isn’t making it easier. Here's how brokers are rethinking their systems to stay profitable in 2025.
TIA data shows small freight brokers gained volume in Q1 2025, but gross margins declined across all brokerage sizes
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