Freightos, a neutral sales platform for international air and ocean shipments, posted a second-quarter adjusted loss before accounting measures of $5.3 million, 47% more than the prior year but $500,000 better than the first quarter and in line with last month’s plan to cut costs and negative cash flow.
The loss underscored the continuing challenge of breaking even as the 10-year-old company continues to invest in new digital products and sales efforts to onboard new customers in an industry...
https://www.freightwaves.com/news/freightos-loses-59m-as-cost-cutting-plan-takes-effect