Freightos, a neutral sales platform for international air and ocean shipments, expects to make its first profit in the fourth quarter of 2026, company leadership said Monday after posting an adjusted loss of $19 million for 2023.
The results follow losses of $14.6 million and $12.4 million in 2022 and 2021, respectively. In July, Freightos laid off 13% of its staff, or about 50 people, and implemented other cost controls.
Jerusalem-based Freightos estimated it will narrow losses to about $14.5...
https://www.freightwaves.com/news/freightos-loses-19m-eyes-profit-breakthrough-in-late-2026