Preliminary Freightos data show 458,000 bookings as Middle East routes resume
(Moderate)(Neutral)Freightos (NASDAQ: CRGO)reported preliminary Q2 2026 platform KPIs that exceeded management expectations and plans to release full earnings onAugust 17, 2026. Transactions reached a. . .
(Moderate)(Neutral)Freightos (NASDAQ: CRGO)reported preliminary Q2 2026 platform KPIs that exceeded management expectations and plans to release full earnings onAugust 17, 2026. Transactions reached a record458k, above guidance of 437–444k and up15%year-over-year versus expected 10–12%, driven mainly by resumed activity on Middle East routes despite ongoing conflict-related disruptions. Gross Booking Value (GBV)rose to a record$422 million, ahead of the $388–$393 million expectation and up33%year-over-year, supported by both higher volumes and average air freight rates that remain about25%above pre-conflict levels. Active carriers were75in Q2 2026, compared to 79 in Q1 2026 and 75 in Q2 2025, while unique buyer users increased to roughly21,000, up from about 20,600 in Q1 2026 and 4% above Q2 2025. All figures are preliminary and may change with the full earnings release, when the company will also detail progress in its solutions and software offerings. Loading. . . Loading translation. . . AI-generated analysis. How Rhea-AI works. Not financial advice. PositiveTransactions 458k, above 437–444k expectation and up 15% YoYGBV $422M, ahead of $388–$393M expectation and up 33% YoYAir freight rates ~25%above pre-conflict levels supporting higher GBVUnique buyer users ~21k, up from ~20,600 in Q1 2026 and 4% YoYNegativeActive carriers75, down from 79 in Q1 2026Middle East conflict still disrupting major shipping and air corridorsSet against a low short-interest profile and recentNet Sellingfrom insiders, this KPI beat mainly reinforces Freightos’ execution ahead of its August 17 earnings. With shares roughly70%below the 52‑week high, investors may focus on profitability progress and carrier mix stability. Q2 2026 transactions458kActual vs management expectation of 437kTransactions YoY growth15%Q2 2026 vs management expectation of 10%Q2 2026 GBV$422MActual vs management expectation of $388MGBV YoY growth33%Q2 2026 vs management expectation of 23%Active carriers75Q2 2026; 79 in Q1 2026 and 75 in Q2 2025Unique buyer users21,000Approximate; 20,600 in Q1 2026, up 4% from Q2 2025Air freight rate elevation25%Average air freight rates above pre‑conflict levels in Q2 2026Earnings report dateAugust 17, 2026Q2 2026 financial results to be reported before market openDateEventSentiment24h MoveCatalystJun 29integration announcementPositive-0. 7%Direct eBooking integration with Korean Air’s fleet via WebCargo platform. Jun 09industry initiativeNeutral+0. 0%Joined IATA Digitalization Leadership Charter to promote interoperable air cargo connectivity. May 26quarterly earnings resultsPositive+2. 7%Q1 2026 revenue growth, strong margins and detailed full‑year guidance range. Apr 15platform KPI updateNeutral+9. 9%Q1 2026 KPIs with transaction shortfall versus expectations but solid GBV growth. Mar 26cost optimization planPositive-4. 4%Global cost optimization, workforce reduction and targeted savings toward EBITDA breakeven. 24h Move is the share-price change in the day after each event; other market factors may also have contributed. Pattern DetectedRecent news has more often aligned with price direction than not, but reactions remain mixed across positive operational updates and efficiency measures. gross booking valuefinancial"GBV: Total value of transactions on the Freightos platform, which is the monetary value"Gross booking value is the total dollar amount of transactions or orders processed through a platform before subtracting refunds, cancellations, fees or payments to third parties. Think of it as the full price tag of everything sold in a store rather than the store’s actual take-home pay. Investors watch it to gauge customer demand and platform scale, but they also compare it with net revenue and take-rates to understand how much of that activity turns into real profit. gross merchandise valuefinancial"This metric may be similar to what others call gross merchandise value (GMV)"Total dollar value of all goods and services sold through a marketplace or e-commerce platform during a set period, before deducting fees, returns or costs. Think of it as the total amount rung up at the register across an entire shopping mall: it shows the platform’s sales volume and user activity. Investors watch it to gauge growth and marketplace traction, but must pair it with metrics like revenue share and margins to assess profitability. gross services volumefinancial"metric may be similar to what others call gross merchandise value (GMV) or gross services volume (GSV)"Gross services volume is the total dollar value of all transactions or services a platform handles over a period, before any fees, refunds or adjustments are removed—think of it as the full amount that flowed through a company’s checkout. Investors watch it as a measure of scale and customer activity, like counting cars passing through a toll booth; it shows demand and growth potential but does not equal the company’s revenue or profit, which depend on the portion the company keeps. AI-generated analysis. How Rhea-AI works. Not financial advice. The Company Plans to Report Earnings on August 17, 2026,/PRNewswire/ -- Freightos Limited (NASDAQ:CRGO), the leading vendor-neutral global freight pricing, booking and procurement platform, today reported preliminary key performance indicators for the second quarter of 2026. These operational KPIs primarily reflect platform activity. Freightos' strategy is focused on scaling its solutions and software offerings, which represent the majority of revenue and are less directly reflected in these metrics, while supporting deeper utilization across the platform. Solutions progress will be discussed in the upcoming earnings release. Actuals*Management's ExpectationsQ2 2026Q2 2026# Transactions ('000)458437 - 444Year over Year Growth15 %10% - 12%GBV ($m)422388 - 393Year over Year Growth33 %23% - 24%*Numbers are preliminary and subject to change with the full, final earnings releasePlatform Expansion and Network GrowthTransactions:Q2 2026 transactions totaled a record 458k, up 15% year-over-year and above management's expectations, reflecting primarily resumed activity in Middle East routes. The military conflict in the Middle East continued to disrupt major international shipping and air corridors, but recovery throughout the quarter was stronger than management had anticipated. Excluding routes involving Middle East origin, destination or airspace, transactions grew year-over-year at a rate in line with the company's long-term model of 20-30% transactions growth. Carrier and Buyer Growth:75 carriers were active (receiving more than 5 transactions each) on the platforms in Q2 2026, compared with 79 in Q1 2026 and 75 in Q2 2025. The quarter-on-quarter decrease reflects some carriers falling below the threshold, partially offset by the addition of other carriers, including Ethiopian Airlines, whose joining was announced in March 2026. Unique buyer users increased moderately to approximately 21 thousand, compared to approximately 20,600 in Q1 2026 and up 4% from Q2 2025. Gross Booking Value (GBV):The total value of transactions processed on the Freightos platform, or GBV, reached a record of $422M for Q2 2026, up 33% from Q2 last year and above management's expectations. The outperformance reflects both continued growth in transaction volumes and the sustained elevation of average air freight rates, which have remained approximately 25% above pre-conflict levels even as the platform has recovered a significant portion of its transaction volumes. "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. "This resilience reflects the value of a neutral platform that can rapidly reallocate demand across carriers and routes. We continue to focus on scaling solutions adoption and executing toward profitability, and to support our customers during the continued market uncertainty. "Q2 2026 Earnings CallFinancial results for the second quarter 2026 will be reported before markets open on August 17, 2026. Freightos' management will host a webcast and conference call to discuss the results that morning at 8:30 a. m. EDT. Information about Freightos' financial results, including a link to the live webcast, will be available on Freightos' investor relations website athttps://www. freightos. com/investor-news/. To participate in the call, please register at the following link:https://freightos. zoom. us/webinar/register/WN__BSW1OT9QhasPC2kadXZ9Q#/registrationFollowing registration, you will be sent the link to the conference call, which is accessible either via the Zoom app, or, alternatively, from a dial-in telephone number. Questions may be submitted in advance toir@freightos. comor via Zoom during the call. A replay of the webcast, as well as the call's transcript, will be available on Freightos' Investor Relations website following the call. GlossaryWe have provided below a glossary of certain terms used in this press release:Carriers:Number of unique air and ocean carriers, mostly airlines, that have been sellers of transactions. For airlines, we count booking carriers, which include separate airlines within the same carrier group. We do not count dozens of other airlines that operate individual segments of air cargo transactions, as we do not have a direct booking relationship with them. Carriers include ocean less-than-container load (LCL) consolidators. In addition, we only count carriers when more than five bookings were placed with them over the course of a calendar quarter. Unique buyer users:Number of individual users placing bookings, typically counted based on unique email logins. The number of buyers, which counts unique customer businesses, does not reflect the fact that some buyers are large multinational organizations while others are small or midsize businesses. Therefore, we find it more useful to monitor the number of unique buyer users than the number of buyer businesses. GBV:Total value of transactions on the Freightos platform, which is the monetary value of freight and related services contracted between buyers and sellers on the Freightos platform, plus related fees charged to buyers and sellers, and pass-through payments such as duties. GBV is converted to U. S. dollars at the time of each transaction on the Freightos platform. This metric may be similar to what others call gross merchandise value (GMV) or gross services volume (GSV). We believe that this metric reflects the scale of the Freightos platform and our opportunities to generate platform revenue. Transactions:Number of bookings for freight services, and related services, placed by Buyers across the Freightos platform with third-party sellers and with Clearit. Sellers of transactions include Carriers (that is, airlines, ocean liners and LCL consolidators) and also other providers of freight services such as trucking companies, freight forwarders, general sales agents, and air master loaders. The number of transactions booked on the Freightos platform in any given time period is net of transactions that were canceled prior to the end of the period. Transactions booked on white label portals hosted by Freightos are included if there is a transactional fee associated with them. About FreightosFreightos® (NASDAQ:CRGO) is the leading digital infrastructure platform powering the international freight industry. Operating as a vendor-neutral network, Freightos connects airlines, ocean carriers, trucking carriers, freight forwarders, and importers and exporters of all sizes to bring transparency, efficiency, and resilience to global supply chains. The Freightos platform digitalizes freight execution by transforming manual, fragmented processes into seamless, connected, and data-driven digital workflows. Freightos delivers integrated capabilities including procurement, pricing, quoting, booking, customs clearance, payments, and market intelligence across air, ocean, and road freight. By serving as the intelligence middleware layer that unifies data and workflows, Freightos empowers smarter operational decisions and enables market participants to transact, collaborate, and manage global shipments more effectively. Used by thousands of logistics service providers and businesses around the world, Freightos combines software, network connectivity, transaction infrastructure, and market data into an interconnected digital ecosystem. ContactsMedia:Tamar Hartalpress@freightos. comInvestors:Anat Earon-Heilbornir@freightos. comLogo -https://mma. prnewswire. com/media/2319256/4496202/Freightos_Logo. jpgView original content:https://www. prnewswire. com/news-releases/freightos-reports-platform-kpis-for-second-quarter-exceeding-management-expectations-302826276. htmlSOURCE FreightosFAQWhat key Q2 2026 KPIs did Freightos (CRGO) report on July 15, 2026?Freightos reported preliminary Q2 2026 records of458k transactionsand$422 million GBV. According to Freightos, these exceeded management’s expectations and showed 15% and 33% year-over-year growth respectively, primarily reflecting recovering activity on Middle East routes and elevated air freight rates. How did Freightos (NASDAQ: CRGO) Q2 2026 KPIs compare to management expectations?Freightos’ Q2 2026 transactions and GBV both surpassed guidance ranges. According to Freightos, transactions of 458k beat the 437–444k expectation, and GBV of $422 million exceeded the $388–$393 million range, with growth outpacing management’s anticipated year-over-year percentages. What was Freightos (CRGO) Q2 2026 Gross Booking Value (GBV) and growth rate?Freightos reported preliminary Q2 2026 GBV of$422 million, up33% year-over-year. According to Freightos, this record GBV outperformed internal expectations, driven by higher transaction volumes and average air freight rates about 25% above pre-conflict levels on its neutral platform. How did the Middle East conflict affect Freightos’ Q2 2026 platform metrics (CRGO)?The Middle East conflict continued disrupting major trade corridors but Q2 volumes recovered faster than expected. According to Freightos, resumed Middle East route activity supported record transactions and GBV, while rates remained elevated, illustrating the platform’s ability to reallocate demand across carriers and routes. What were Freightos’ Q2 2026 carrier and buyer user numbers for CRGO investors?Freightos had75 active carriersand about21,000 unique buyer usersin Q2 2026. According to Freightos, carrier count matched Q2 2025 but was below Q1 2026’s 79, while buyer users rose moderately quarter-over-quarter and 4% year-over-year, indicating broader platform utilization. When is the Freightos (CRGO) Q2 2026 earnings call and how can investors join?Freightos will report Q2 2026 financial results onAugust 17, 2026, with a call at8:30 a. m. EDT. According to Freightos, investors can register via its posted Zoom webinar link and access the live webcast and replay through the company’s investor relations website. Are Freightos’ Q2 2026 KPIs for CRGO final or preliminary figures?Freightos’ Q2 2026 KPIs are preliminary and subject to change in the full earnings release. According to Freightos, the reported transaction, GBV, carrier, and buyer figures are early indicators, with detailed, finalized financial results to be provided on August 17, 2026.