Freightos 2022 transactions zoom 154%, business value up 100%

Freightos reported a record 211,000 transactions on the platform in Q42022, up from 97,000 in Q42021 and 22,000 in Q42020. The total freight transactions booked across the platform in 2022 increased 154% to 668,000, exceeding internal targets for both quarterly and annual targets.

The growth was supported by an increase in both demand - users booking across the platform - and supply - carriers offering their services on the platform. The number of unique buyer users digitally booking freight services across the Freightos platform was up 37% at 15,600 compared to Q42021.

Carriers selling on the platform, primarily on WebCargo, grew to 35 in Q4 2022, a 25% growth from the same quarter in the prior year. Freightos has experienced record platform transactions for every one of the previous 12 quarters, continuing growth in the fourth quarter of 2022 despite the global freight market contracting.

Gross Booking Value (GBV) of platform transactions reached $611 million in 2022, up approximately 100% from 2021. The growth in transactions allowed record GBV on Freightos’ platform despite dropping market freight prices. The cost of shipping a 40’ container from China to the United States’ West Coast, for example, dropped over 90% between December 2021 and December 2022.

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