Freightos Appoints New CEO to Drive Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2026
0mins
Source: Newsfilter
- Leadership Change: Freightos has appointed Pablo Pinillos as CEO effective March 16, 2026, succeeding founder Zvi Schreiber, showcasing his deep understanding of the business and strategic execution capabilities developed during his tenure as CFO and Interim CEO.
- Growth Strategy: Pinillos aims to achieve financial break-even in Q4 while focusing on expanding the solutions business, particularly in ocean and procurement management, to drive sustainable transaction growth across the platform and enhance market competitiveness.
- Extensive Experience: With over 20 years of global leadership experience, Pinillos previously served as CFO at Coincover and Bitrise, and played a pivotal role in Qlik's IPO and subsequent private equity acquisition during his nearly 14-year tenure there.
- Digital Vision: Pinillos emphasizes his commitment to digitalizing international freight to improve global trade efficiency, leveraging disciplined execution and customer engagement to drive long-term growth for the company.
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About CRGO
Freightos Limited provides a vendor-neutral booking and payment platform. The Company connects thousands of carriers, freight forwarders, and importers and exporters around the world for air, ocean and trucking freight pricing, booking and shipment management. Its products include the Freightos Marketplace, WebCargo, WebCargo for Airlines, Shipsta by Freightos, 7LFreight by WebCargo, and Clearit. It provides a range of solutions, including WebCargo’s booking platform, tools and data solutions for carriers and forwarders, Freightos.com’s digital freight booking and management platform for importers and exporters, its data solutions or Clearit, its digital customs broker. It also operates Freightos Terminal, a freight market intelligence solution that offers data on real-time pricing, transit times, the Freightos Air Index (FAX) and Freightos Baltic Index, and a news feed. It has over 1,800 freight forwarders across 90 countries that use WebCargo by Freightos for eBookings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Freightos Joins IATA Digitalization Leadership Charter
- Digital Leadership: Freightos has officially joined the IATA Digitalization Leadership Charter to promote the broader adoption of interoperable digital connectivity standards across the global air cargo ecosystem, thereby enhancing supply chain efficiency.
- Importance of Collaboration: CEO Pablo Pinillos emphasized that real-time digital connectivity and interoperable data exchange are increasingly vital in global freight workflows, and that industry collaboration and common standards will reduce integration friction and enhance connectivity efficiency.
- Advancing Data Sharing: Jonathan Parkinson, Head of Cargo Digitalization at IATA, noted that Freightos' participation will strengthen data sharing, interoperability, and the adoption of industry standards across the air cargo ecosystem, facilitating digital transformation.
- Global Logistics Infrastructure: Freightos provides the open digital infrastructure necessary for a seamless transition to universal data standards, supporting the global logistics industry in becoming more agile and resilient as it enters the next era.
See More
Freightos Joins IATA Digitalization Leadership Charter
- Digital Leadership: Freightos Limited announced its participation in the IATA Digitalization Leadership Charter, aimed at promoting the widespread adoption of interoperable digital connectivity standards across the global air cargo ecosystem, thereby enhancing the efficiency and responsiveness of global supply chains.
- Industry Priorities: The Charter focuses on five core priorities, including driving industry interoperability and global data standards, strengthening digital resilience and cybersecurity readiness, and promoting sustainable and paperless cargo operations, highlighting Freightos's pivotal role in the industry's digital transformation.
- Importance of Real-Time Connectivity: CEO Pablo Pinillos emphasized that real-time digital connectivity and interoperable data exchange are increasingly vital in global freight workflows, as such connectivity will reduce integration friction and enhance efficiency among carriers, forwarders, and shippers.
- Open Digital Infrastructure: The open digital infrastructure provided by Freightos will facilitate the industry's transition to universal data standards, supporting the global logistics sector's evolution into the next era and further solidifying its leadership position in the international freight market.
See More
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- Gross Booking Value Surge: The gross booking value reached $343 million, up 24% year-over-year, showcasing the platform's scale and customer relevance, even as overall revenue growth was limited to 3% due to market conditions.
- Cost Optimization Initiative: The company's cost optimization plan is expected to generate approximately $4.5 million in annualized savings starting in Q4 2026, aimed at improving financial health and supporting future growth strategies.
- Increase in Active Carriers: The number of active carriers rose from 77 to 79, indicating positive progress in enhancing carrier engagement, although the overall market environment remains uncertain and volatile.
See More
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- Financial Overview: Freightos reported Q1 2026 revenue of $7.156 million, reflecting a year-over-year decline of 3% to 0%, indicating business pressure amid a challenging global freight environment, leading to an adjustment in revenue guidance for 2026 to align with current market realities.
- Transaction Volume & Growth: The expected transaction volume for Q1 is between 437,000 and 444,000, with a year-over-year growth rate of 10% to 12%, demonstrating Freightos's efforts to maintain transaction activity despite difficulties, showcasing its market resilience.
- Adjusted EBITDA Outlook: The company anticipates reaching adjusted EBITDA breakeven by the end of 2026, although the Q1 adjusted EBITDA was -$2.836 million, reflecting ongoing operational challenges and the need for cost control.
- Strategic Direction & Market Conditions: The CEO of Freightos emphasized that despite the tough market conditions, the company remains focused on long-term growth and improving operational efficiency, indicating that its strategic positioning in digital freight procurement and booking processes remains unchanged.
See More
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- Earnings Overview: Freightos reported a Q1 2026 GAAP EPS of -$0.13 with revenue of $7.16 million, reflecting a 3% year-over-year increase but missing expectations by $0.29 million, indicating challenges faced during the transition year.
- Transaction Volume Growth: The Freightos platform facilitated 425,000 transactions in Q1 2026, a 15% year-over-year increase, suggesting that despite overall revenue shortfalls, transaction activity remains robust, reflecting market demand resilience.
- Revenue Source Analysis: Total platform revenue for the first quarter was $2.4 million, up 3%, while solutions revenue also reached $4.8 million, indicating stable growth from the WebCargo platform and data solutions, although SaaS and customs transactions underperformed.
- User Growth Metrics: The number of carriers actively selling on the platform increased from 71 in Q1 2025 to 79 in Q1 2026, with approximately 20,600 unique buyer users digitally booking freight services, demonstrating positive progress in attracting new users and carriers.
See More
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- Freight Operations Update: Freight operations for Q1 2026 totaled 425K, reflecting a 15% year-over-year increase.
- Management Expectations: The total freight operations were below management's expectations for the quarter.
See More
Freightos Joins IATA Digitalization Leadership Charter
- Digital Leadership: Freightos has officially joined the IATA Digitalization Leadership Charter to promote the broader adoption of interoperable digital connectivity standards across the global air cargo ecosystem, thereby enhancing supply chain efficiency.
- Importance of Collaboration: CEO Pablo Pinillos emphasized that real-time digital connectivity and interoperable data exchange are increasingly vital in global freight workflows, and that industry collaboration and common standards will reduce integration friction and enhance connectivity efficiency.
- Advancing Data Sharing: Jonathan Parkinson, Head of Cargo Digitalization at IATA, noted that Freightos' participation will strengthen data sharing, interoperability, and the adoption of industry standards across the air cargo ecosystem, facilitating digital transformation.
- Global Logistics Infrastructure: Freightos provides the open digital infrastructure necessary for a seamless transition to universal data standards, supporting the global logistics industry in becoming more agile and resilient as it enters the next era.
See More
Freightos Joins IATA Digitalization Leadership Charter
- Digital Leadership: Freightos Limited announced its participation in the IATA Digitalization Leadership Charter, aimed at promoting the widespread adoption of interoperable digital connectivity standards across the global air cargo ecosystem, thereby enhancing the efficiency and responsiveness of global supply chains.
- Industry Priorities: The Charter focuses on five core priorities, including driving industry interoperability and global data standards, strengthening digital resilience and cybersecurity readiness, and promoting sustainable and paperless cargo operations, highlighting Freightos's pivotal role in the industry's digital transformation.
- Importance of Real-Time Connectivity: CEO Pablo Pinillos emphasized that real-time digital connectivity and interoperable data exchange are increasingly vital in global freight workflows, as such connectivity will reduce integration friction and enhance efficiency among carriers, forwarders, and shippers.
- Open Digital Infrastructure: The open digital infrastructure provided by Freightos will facilitate the industry's transition to universal data standards, supporting the global logistics sector's evolution into the next era and further solidifying its leadership position in the international freight market.
See More
Freightos Q1 Earnings: 15% Transaction Growth Amid Challenges
- Transaction Growth: Freightos Ltd (NASDAQ:CRGO) processed 425,000 transactions in Q1, marking a 15% year-over-year increase, although it fell short of the 20% target, indicating resilience in market demand despite challenges.
- Gross Booking Value Surge: The gross booking value reached $343 million, up 24% year-over-year, showcasing the platform's scale and customer relevance, even as overall revenue growth was limited to 3% due to market conditions.
- Cost Optimization Initiative: The company's cost optimization plan is expected to generate approximately $4.5 million in annualized savings starting in Q4 2026, aimed at improving financial health and supporting future growth strategies.
- Increase in Active Carriers: The number of active carriers rose from 77 to 79, indicating positive progress in enhancing carrier engagement, although the overall market environment remains uncertain and volatile.
See More
Freightos Reports Q1 2026 Financial Results Amid Market Challenges
- Financial Overview: Freightos reported Q1 2026 revenue of $7.156 million, reflecting a year-over-year decline of 3% to 0%, indicating business pressure amid a challenging global freight environment, leading to an adjustment in revenue guidance for 2026 to align with current market realities.
- Transaction Volume & Growth: The expected transaction volume for Q1 is between 437,000 and 444,000, with a year-over-year growth rate of 10% to 12%, demonstrating Freightos's efforts to maintain transaction activity despite difficulties, showcasing its market resilience.
- Adjusted EBITDA Outlook: The company anticipates reaching adjusted EBITDA breakeven by the end of 2026, although the Q1 adjusted EBITDA was -$2.836 million, reflecting ongoing operational challenges and the need for cost control.
- Strategic Direction & Market Conditions: The CEO of Freightos emphasized that despite the tough market conditions, the company remains focused on long-term growth and improving operational efficiency, indicating that its strategic positioning in digital freight procurement and booking processes remains unchanged.
See More
Freightos Q1 2026 Earnings Report Shows Mixed Results
- Earnings Overview: Freightos reported a Q1 2026 GAAP EPS of -$0.13 with revenue of $7.16 million, reflecting a 3% year-over-year increase but missing expectations by $0.29 million, indicating challenges faced during the transition year.
- Transaction Volume Growth: The Freightos platform facilitated 425,000 transactions in Q1 2026, a 15% year-over-year increase, suggesting that despite overall revenue shortfalls, transaction activity remains robust, reflecting market demand resilience.
- Revenue Source Analysis: Total platform revenue for the first quarter was $2.4 million, up 3%, while solutions revenue also reached $4.8 million, indicating stable growth from the WebCargo platform and data solutions, although SaaS and customs transactions underperformed.
- User Growth Metrics: The number of carriers actively selling on the platform increased from 71 in Q1 2025 to 79 in Q1 2026, with approximately 20,600 unique buyer users digitally booking freight services, demonstrating positive progress in attracting new users and carriers.
See More
FREIGHTOS LTD: Q1 2026 TRANSACTIONS REACHED 425K, INCREASING 15% YEAR-OVER-YEAR BUT FALLING SHORT OF MANAGEMENT'S PROJECTIONS
- Freight Operations Update: Freight operations for Q1 2026 totaled 425K, reflecting a 15% year-over-year increase.
- Management Expectations: The total freight operations were below management's expectations for the quarter.
See More
