Freightos Appoints New CEO Pablo Pinillos Effective March 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2026
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Should l Buy CRGO?
Source: NASDAQ.COM
- Executive Appointment: Freightos announced the appointment of Pablo Pinillos as CEO, effective March 16, 2026, following his tenure as CFO since March 2025 and Interim CEO since January 2026, reflecting the company's confidence in his leadership capabilities.
- Leadership Experience: With over 20 years of global leadership experience in finance, strategy, and operations, Pinillos is expected to provide strong strategic guidance that will enhance Freightos's competitive position in the international freight industry.
- CFO Search Initiation: Following Pinillos's appointment, Freightos is initiating a search for a Chief Financial Officer, a move that will lay the groundwork for future financial management and strategic development, ensuring stability within the executive team.
- Previous Roles: Prior to joining Freightos, Pinillos served as CFO at Coincover and Bitrise, and he has nearly 14 years of senior leadership experience at Qlik, which will bring valuable industry insights and management expertise to Freightos's growth.
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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.
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- Management Expectations: The total freight operations were below management's expectations for the quarter.
See More
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- Freightos Q1 2026 Performance: The total value of transactions processed on Freightos' platform reached $344 million in Q1 2026.
- Year-over-Year Growth: This figure represents a 24% increase compared to Q1 of the previous year.
See More
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- Transaction Growth: In Q1 2026, Freightos facilitated 425,000 transactions, reflecting a 15% year-over-year increase, indicating strong reliance on the platform by global logistics companies during volatile times, thus solidifying its market position.
- Gross Booking Value Performance: The gross booking value (GBV) for the quarter reached $343 million, with a 24% year-over-year growth, showcasing Freightos' success in enhancing customer transaction volume and value, further reinforcing its leadership in the international freight market.
- Profitability Strategy: CEO Pablo Pinillos emphasized that platform activity serves as a lagging indicator of workflow adoption, with a continued focus on scaling solution adoption and achieving profitability, demonstrating the company's confidence in long-term growth.
- Upcoming Earnings Release: Freightos plans to report its Q1 2026 financial results before the market opens on May 26, 2026, and will host a webcast and conference call to elaborate on the results, showcasing its commitment to transparency and investor communication.
See More
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- Restructuring Costs: The company estimates incurring approximately $1.3 million in one-time restructuring charges over the first nine months of 2026, primarily related to severance and employee benefits, which will exert some pressure on short-term financial performance.
- Expected Cost Savings: The restructuring is projected to generate annualized cost savings of about $4.5 million starting in Q4 2026, which will help improve the company's financial health and enhance its competitive position in the market.
- Ongoing Technology Investment: Freightos will continue to invest in its multimodal pricing, quoting, and booking platform, leveraging advanced technologies, including AI, to improve efficiency and streamline operations, addressing the needs of global supply chain organizations and driving business growth.
See More
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- Report Access: Shareholders can access the annual report electronically via Freightos' investor relations website or the SEC's site, and the company offers free hard copies upon request, enhancing shareholder communication and engagement.
- Platform Leadership: As a leading vendor-neutral global freight booking platform, Freightos connects airlines, ocean carriers, and thousands of freight forwarders, driving efficiency and agility in the trillion-dollar international freight market, highlighting its significant market position.
- Real-Time Data Provision: Freightos provides real-time industry data through Freightos Terminal, including the world's leading spot pricing indexes, reinforcing its leadership in the freight industry and enabling clients to make informed decisions.
See More
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- Payment Network Expansion: Freightos announced its partnership with Air Serbia to further expand its cargo booking platform in Europe, which is expected to significantly enhance the adoption of Freightos Pay, particularly for freight forwarders without IATA accreditation, thus overcoming a major barrier to digital transactions.
- Market Coverage Enhancement: Once integrated, Air Serbia's air cargo will be available for e-bookings across the United States and its entire European network, covering multiple countries from Albania to Switzerland, greatly broadening the market reach of the Freightos platform.
- Financial Risk Reduction: The Freightos Pay solution streamlines the financial aspects of air cargo bookings by ensuring payments from a broader range of freight forwarders, reducing financial risks for airlines while helping forwarders without existing airline accounts access carriers and grow their customer base.
- Operational Efficiency Improvement: The integration of Air Serbia will reduce administrative work, allowing the airline to focus on delivering excellent service to its cargo customers, reflecting the central role of digital transformation in its growth strategy and is expected to drive market accessibility and efficiency.
See More
