Freightos, a digital booking and payment platform for international freight, says Q4 2023 was its sixteenth consecutive quarter of record transaction volume.

For the past several years, Freightos has been riding the digitalization of the global freight industry.

But even after four years — and 16 consecutive quarters — of increases in transaction volume, it’s still pleasantly surprised at how well it’s doing.

Following a record 286,900 transactions on its digital platform in the fourth quarter of 2023, Freightos says it exceeded management expectations for the full year as the annual number of transactions surpassed 1 million for the first time.

The company includes in transaction volume all real-time global freight-rate comparisons, booking, and shipment management transactions.

Freightos Q4 transaction volume surges 36%

In addition, Freightos said Q4 transaction volume surged 36% over the year-earlier quarter, as Q4 gross booking value increased 10% to $187.5 million. It said the number of buyers on the Freightos platform rose 12% year over year to 17,600.


For the full year, the number of transactions surged 53% to 1.02 million. Gross booking volume increased 10% to $671.7 million.

Freightos says its digital platform supports clients’ supply chain operations by “enabling real-time procurement of ocean and air shipping across more than 13,000 importers/exporters, thousands of freight forwarders, and dozens of airlines and ocean carriers.”

Importers and exporters using the Freightos platform include such companies as Electrolux, Bridgestone, Anheuser-Busch InBev, Briggs & Stratton, and Parker Baby Co.

Freightos also provides shipping data through such services as the for the Frieghtos Air Index for air cargo information, and the Freightos Baltic Index, a daily benchmark of container shipping prices.


Freightos has scheduled its Q4 and full-year earnings call for Feb. 26.

Paul Demery is a Digital Commerce 360 contributing editor covering B2B digital commerce technology and strategy. [email protected].

Sign up

Sign up for a complimentary subscription to Digital Commerce 360 B2B News, published 4x/week. It covers technology and business trends in the growing B2B ecommerce industry. Contact Mark Brohan, vice president of B2B and Market Research Development, at [email protected] and follow him on Twitter @markbrohan.