Freightos Q2 transactions and GBV beat internal targets

Freightos Limited (NASDAQ: CRGO) reported preliminary second-quarter 2026 platform metrics that exceeded the company's own expectations, according to a press release issued July 15, 2026.

The freight booking platform recorded 458,000 transactions in Q2 2026, up 15% year-over-year and above management's projected range of 437,000 to 444,000, which implied growth of 10% to 12%. The company attributed the outperformance primarily to a stronger-than-anticipated recovery in Middle East shipping routes, even as the ongoing military conflict in the region continued to disrupt international shipping and air corridors.

Gross booking value, which measures the total monetary value of freight and related services processed on the platform, reached a preliminary $422 million for the quarter, up 33% from the same period a year earlier and above the company's forecast of $388 million to $393 million. The company noted that average air freight rates have remained approximately 25% above pre-conflict levels.

Active carriers on the platform totaled 75 in Q2 2026, unchanged from Q2 2025 but down from 79 in Q1 2026. Ethiopian Airlines, whose addition was announced in March 2026, was among the newly added carriers in the quarter. Unique buyer users increased to approximately 21,000, compared with roughly 20,600 in Q1 2026 and up 4% from Q2 2025.

"Q2 volumes recovered faster than we expected, with Middle East routes resuming activity even as the broader conflict continues to disrupt global trade corridors," said Pablo Pinillos, CEO and Interim CFO of Freightos.

The company noted that these KPIs primarily reflect platform activity, while its solutions and software offerings represent the majority of revenue and will be discussed in the full earnings release. All figures are preliminary and subject to change. Freightos plans to report full second-quarter financial results before markets open on August 17, 2026.

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