Freightos Launches Real-Time Integration with Korean Air
Freightos announced the launch of an integration with Korean Air. The agreement's signing ceremony was held at Korean Air's Shanghai office and officially announced during the Air Cargo Shanghai 2026 event week. Through Freightos, freight forwarders will be able to access Korean Air's real-time rates, live capacity, and direct eBooking capabilities across key global trade lanes. This integration introduces an additional, streamlined digital channel alongside Korean Air's existing booking infrastructure. Korean Air is adopting a multi-channel digital strategy, while partnering with Freightos as its exclusive launch partner for third-party platform distribution. This allows Korean Air to expand its direct visibility into live capacity and real-time pricing to forwarders through a trusted digital network.
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- Real-Time Freight Integration: The partnership between Freightos and Korean Air enables freight forwarders to access real-time rates and capacity, enhancing efficiency across global trade lanes and is expected to significantly improve customer experience and market competitiveness.
- Multi-Channel Digital Strategy: Korean Air adopts a multi-channel digital strategy through its collaboration with Freightos, adding a streamlined digital channel alongside its existing booking infrastructure, thereby enhancing its digital capabilities in the global freight market.
- Global Network Connectivity: This integration connects Korean Air's fleet of 166 aircraft, including 23 dedicated freighters, directly to freight forwarders, covering major air cargo gateways in North America and Europe, which is expected to accelerate shipment speeds and improve service quality.
- Digital Customer Experience: By expanding its digital reach through Freightos, Korean Air is not only establishing digital channels but also actively delivering a seamless, high-value customer experience, aiming to enhance customer satisfaction and loyalty.
- Real-Time Freight Integration: The partnership between Freightos and Korean Air enables freight forwarders to access real-time rates and capacity, enhancing efficiency across global trade lanes and significantly improving customer experience while strengthening market competitiveness.
- Multi-Channel Digital Strategy: Korean Air adopts a multi-channel digital strategy through its exclusive partnership with Freightos, aiming to enhance visibility into live capacity and real-time pricing, thereby optimizing its freight operations.
- Global Network Connectivity: This integration connects Korean Air's fleet of 166 aircraft, including 23 dedicated freighters, directly to freight forwarders, covering major air cargo gateways in North America and Europe, which boosts transportation efficiency and responsiveness.
- Digital Customer Experience: Korean Air emphasizes that digitalization is crucial for maintaining a competitive edge in the global air cargo market; through the Freightos platform, freight forwarders can quickly search, quote, and book shipments, enhancing overall service quality and customer satisfaction.
- 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.
- 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.
- 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.
- 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.









