CRGO News & Events

Freightos announced a cost optimization plan that includes a global workforce reduction of up to 15%, to improve operating efficiency and support its previously communicated path to adjusted EBITDA breakeven by the end of 2026. The company currently estimates to incur approximately $1.3M of one-time restructuring charges, primarily related to severance and employee benefits, throughout the first nine months of the year. Freightos expects the restructuring to generate annualized cost savings of approximately $4.5M, starting Q4 2026.

Freightos announced that Air Serbia will be joining its cargo booking platform. This integration will extend Freightos Pay's reach by enabling guaranteed digital payments between freight forwarders and carriers across Europe, including for forwarders without IATA accreditation. Once live, Air Serbia air cargo will be available for e-bookings across the United States and throughout its European network, from Albania and Austria to Sweden and Switzerland.

Freightos announced that its Board of Directors has appointed Pablo Pinillos as CEO and a member of the Board of Directors, effective March 16. Pinillos, who has served as the company's CFO since March 2025 and as Interim CEO since January 2026, was selected following a search process that evaluated both internal and external candidates. With Pablo's appointment, the company is initiating a search for a CFO.

Freightos announced that Ethiopian Cargo will join Freightos' cargo booking platform at the end of the month. The integration includes digital rates, quoting and eBooking, WebCargo Pay for fast digital payments, and interlining capabilities platform. Ethiopian Cargo operates Africa's largest air cargo network, serving more than 145 destinations worldwide through a combination of dedicated freighters and passenger belly capacity, and offering freight forwarders high-speed and priority shipment options. WebCargo by Freightos allows freight forwarders to search, quote, and book airline capacity in seconds rather than hours, with real-time eBooking and digital payments. By integrating directly with leading air and ocean rate management and quoting tools, the platform helps forwarders respond faster to customers and win business around the clock.