Freightos loses $5.9M as cost-cutting plan takes effect
Freight booking platform Freightos is working to reduce its cash burn as it continues to grow and add new products.
Freight booking platform Freightos is working to reduce its cash burn as it continues to grow and add new products.
Freightos, a digital marketplace for international air and ocean shipping, announced Tuesday that it will reduce staff levels by 13% and lowered its full-year outlook again in an effort to stem mounting losses as revenues fall short of expectations because of a prolonged downturn in freight markets. The news is the latest example of the […]
Freightos, an online reservation portal for freight shippers, is adding users, but heavy development costs and a weak shipping market make it difficult for the startup to reduce losses.
FreightTech startup Freightos is raising money through a public offering rather than seeking venture capital.
7LFreight is a Freightos company that gives freight forwarders the ability to compare less-than-truckload prices by lane and execute a move.
Bridgestone is eyeing an ambitious new marketplace that would provide last-mile services and fleet solutions.
Freightos is matching international freight carriers and shippers in real time. The benefits are huge for all sides.
LATAM Airlines’ cargo division is the first South American carrier to sell capacity on Freightos, a digital marketplace.
With many of America’s top brands embracing a marketplace model, what’s stopping other brands from doing the same?
The U.S. Postal Service is offering online marketplaces a new e-commerce service designed to lower shipping costs for parcels.
The co-founder said many of his current investors called Uber and other marketplaces to discuss their flatbed capabilities but were told that “they did not intend to make that a core focus.”
“Its rapid customer adoption is clear, demonstrable feedback of the value that Fractory brings to manufacturing supply chains,” says investor.
Digital marketplaces are becoming more popular in the air cargo world. Investors like what they see at cargo.one and poured $42 million into the company.
European 3PL says integration with e-commerce marketplaces strengthens activity with American online retailers and shoppers.
Digital logistics platform Zuum Transportation closes $8.58 million seed funding round to streamline and automate freight.
Sendengo is a digital freight brokerage that enables users to control transactions and helps reduce cargo theft.
On October 29, Bloomberg published an article by Dina Bass, “The ‘Uber for Trucking’ Tries to Navigate Some Uber-Scale Problems.” That was followed by Craig Fuller’s article, Is winter coming for the super-hot FreightTech space?, which ran in FreightWaves on November 3. It would be worth it to read both articles if you have any […]
In a thinly veiled swipe at President Trump’s trade policy, the U.N. says protectionism will result in weaker maritime demand over the next five years.
BlackBuck has raised a total of $285.2 million till date and is looking to expand its services across India, without worrying much into its growing losses.
Hwy Haul is a freight logistics startup that uses data science and optimization algorithms to connect carrier capacity with freight volumes over a digital trucking marketplace.