Online booking portal Freightos has seen a rapid increase in the number of bookings it has registered as the platform has continued to add airlines and the industry has continued to adapt to a digital environment. Freightos recorded a 154.3% year-on-year increase in transactions to 668,185 in 2022, while in the fourth quarter, the number of transactions reached 211,000 compared with 97,000 in 2021 and 22,000 in 2020.
“This growth was supported by an increase in both demand – users booking across the platform – and supply – carriers offering their services on the platform,” Freightos said. “The number of unique buyer users digitally booking freight services across the Freightos platform grew 37% compared to quarter four of 2021, reaching 15,600. Carriers selling on the platform, primarily on WebCargo, grew to 35 in the fourth quarter of 2022, a 25% growth from the same quarter in the prior year.”
The company, which is now listed, said that it had experienced record platform transactions for every one of the previous 12 quarters, continuing growth in the fourth quarter of 2022 despite the global freight market contracting. The gross booking value of transactions made on the platform also increased last year, jumping 102% year on year to $610.8m.
The web platform also ended the year on a high, adding China Southern in December and ITA Airways in November.
