Freightos Limited (NASDAQ: CRGO) experienced a significant surge in its stock price last Friday, as shares increased by 27.54%, closing at $2.13. This notable rise in CRGO stock value comes as the company prepares for an important event this week, fueling investor optimism.
Freightos to Present at Sidoti November Virtual Investor Conference
In a move aimed at engaging investors, Freightos (CRGO) has announced that its founder and CEO, Zvi Schreiber, will deliver a presentation at the Sidoti November Virtual Investor Conference, taking place on November 13–14, 2024. Joining Schreiber will be Chief Financial Officer Ran Shalev, who will participate in one-on-one meetings with investors. The conference will provide an opportunity for investors to gain insights into the company’s growth prospects and strategic direction.
CRGO Partners to Enhance Air Cargo Booking
Freightos has also revealed a significant partnership with Qantas Freight, the cargo division of Australia’s national airline. This collaboration integrates Qantas Freight into the company’s air cargo booking platform, enabling freight forwarders to more efficiently book capacity through both its WebCargo and 7LFreight by WebCargo platforms. This partnership is poised to enhance operational efficiency by providing digital solutions for booking and managing freight movements between key US and Australian cities.
Transforming Air Cargo with Digital Solutions
The collaboration with Qantas Freight positions Freightos at the forefront of the ongoing transformation in the air cargo industry. Digital platforms are reshaping the logistics sector, and CRGO’s integration of Qantas Freight facilitates faster, more reliable shipment management. Forwarders will benefit from real-time booking capabilities, improved visibility, and a wide range of capacity options for air and ground services, all through one consolidated platform.
This strategic move underscores the company’s commitment to driving digitalization and efficiency in the trans-Pacific trade industry. By adding Qantas and Jetstar to its platform, Freightos (CRGO) strengthens its leadership in the air cargo booking space, now representing nearly 70% of global air cargo capacity through WebCargo.