Freightos Announces Record Transactions for 2023’s Q3

Singapore freight forwarders – Star Concord
Freightos Limited, a leading, vendor-neutral booking and payment platform for the international freight industry, has reported Q3 2023 Key Performance Indicators.
The third quarter of 2023 was the 15th consecutive quarter of record transactions booked on Freightos’ platform, with 269 thousand transactions, up 40% from Q3 2022 and 12% from Q2 2023 and exceeding management expectations. Freightos’ growth in #Transactions continues to significantly outperform the overall industry, reflecting the strong value proposition of its digital platform that allows real-time global freight-rate comparison, booking, and shipment management, and thus promoting efficiency and transparency. 
“We’re proud to report that the industry continues to adopt electronic bookings, and the Freightos Platform continues to be the platform of choice. The number of Transactions on Freightos was significantly up in Q3 for the 15th consecutive quarter, for the first time exceeding a rate of one million per year,” said Zvi Schreiber, founder and CEO of Freightos.
“Here at Freightos, we continue to innovate in partnership with our thousands of customers, importers, exporters, freight forwarders, and carriers, across the international freight industry.”
Gross Booking Value (GBV) also exceeded management expectations, increasing 1% year-on-year as strong #Transactions growth exceeded the reduced freight rates in the market. 
Transactions growth was supported by approximately 16% year on year growth in Unique buyer users, reaching 17,312. The number of air and ocean carriers selling on the platform increased to 39, compared to 32 in Q3 2022. 

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Author: Edward Hardy