Freightos names Pablo Pinillos as new CFO

BARCELONA, Spain - Freightos Limited (NASDAQ: CRGO), a prominent digital platform for international freight with a market capitalization of $206 million, announced today the appointment of Pablo Pinillos as Chief Financial Officer, effective March 1, 2025. According to InvestingPro data, the company has demonstrated impressive momentum with a 147% surge in stock price over the past six months. Pablo Pinillos, with over two decades of global leadership in finance, strategy, and operations, joins Freightos after a successful tenure at Coincover, where he served as CFO.

Pinillos’ career includes significant roles such as CFO at Bitrise and various senior leadership positions at Qlik, where he was influential in the company’s public offering and subsequent acquisition. His expertise in scaling tech companies and driving operational transformation is expected to support Freightos’ growth ambitions in the digital freight marketplace.

Zvi Schreiber, CEO of Freightos, expressed confidence in Pinillos’ ability to work closely with the executive team and board to advance the company’s objectives. "Pablo’s exceptional leadership across finance, operations, and strategy, combined with his experience in financial strategy and scaling high-growth businesses, make him the ideal leader to propel Freightos forward," said Schreiber.

In response to his appointment, Pinillos highlighted the significance of Freightos’ role in the digitalization of international freight and his commitment to enhancing the company’s growth, efficiency, and value for stakeholders.

Freightos operates a vendor-neutral global freight booking platform that connects airlines, ocean carriers, freight forwarders, and importers/exporters, aiming to make world trade more efficient and resilient. The company also provides real-time industry data through Freightos Terminal, including the Freightos Air Index (FAX) for air cargo and Freightos Baltic Index (FBX) for container shipping. InvestingPro analysis reveals the company maintains a healthy financial position with more cash than debt and a strong current ratio of 2.9. For detailed insights and additional ProTips about Freightos’ financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

This announcement is based on a press release statement from Freightos.

In other recent news, Swiss WorldCargo, the air freight division of SWISS, has partnered with Freightos Limited, a key player in the international freight booking and payment platform sector. This collaboration offers customers the ability to digitally book Swiss WorldCargo’s services via WebCargo by Freightos, providing real-time rate comparisons and eBooking options. Swiss WorldCargo’s offerings on WebCargo include SWISS General Cargo and SWISS Pharma and Healthcare, which can be paired with specialized transportation solutions like Celsius Passive for temperature-sensitive shipments and X-Presso for expedited transport.

In line with recent developments, Freightos has shown impressive momentum with a 25.77% return, while maintaining strong gross profit margins of nearly 64%. The company, currently valued at $120.44 million, demonstrates solid financial health with more cash than debt on its balance sheet. Additionally, Freitas, a leader in the freight industry, reported a successful digital transformation, marked by record transaction volumes and considerable growth in gross booking value. Despite reporting a negative adjusted EBITDA, the company projects signs of sustained growth and targets profitability by 2026.

Lastly, Swiss WorldCargo’s commitment to adopting digital solutions and expanding its market presence is evident, with environmental goals including reducing net carbon dioxide emissions by 50% by 2030 and achieving carbon-neutral operations by 2050. The partnership with Freightos is expected to provide forwarders with improved access to Swiss WorldCargo’s modular product portfolio and specialized shipping options.

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