Navitas stock soars as company advances 800V tech for NVIDIA AI platforms
BARCELONA - Garuda Indonesia Cargo has joined the WebCargo by Freightos platform, offering real-time eBooking capabilities to freight forwarders worldwide, Freightos Limited (NASDAQ:CRGO) announced today. The digital freight platform operator has shown impressive growth with revenue increasing 27% year-over-year, according to InvestingPro data.
The cargo division of Indonesia’s national airline will initially offer its capacity exclusively on the WebCargo platform, providing forwarders with direct access to key trade lanes connecting Indonesia with major global hubs. These routes include Jakarta to Singapore, Tokyo Haneda, Jeddah, Shanghai, and Sydney, as well as connections from Denpasar to Sydney, Tokyo Narita, and Hong Kong. The expansion aligns with Freightos’s strong operational efficiency, maintaining an impressive 67% gross profit margin.
"By offering their capacity exclusively on WebCargo by Freightos, we’re ensuring forwarders get seamless access to some of the busiest trade routes," said Zvi Schreiber, CEO of Freightos, in the press release.
Garuda Indonesia President and CEO Wamildan Tsani stated the collaboration aims to strengthen the carrier’s cargo performance and bolster its presence in international markets. "We hope that by strengthening the accessibility and efficiency of Garuda Indonesia’s air cargo services through digital initiatives, we will continue to meet our customers’ evolving needs," Tsani added.
The partnership expands WebCargo by Freightos’ network, which currently supports ten thousand freight forwarder offices in securing instant capacity, pricing, and online bookings.
Freightos operates as a vendor-neutral global freight booking platform connecting airlines, ocean carriers, freight forwarders, and importers/exporters. The company is publicly traded on the Nasdaq under the ticker CRGO. With a healthy current ratio of 2.15 and strong market performance delivering a 126% return over the past year, InvestingPro analysis suggests the stock is currently trading near its Fair Value. For deeper insights into Freightos’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Freightos Ltd reported a 31% increase in revenue for the second quarter of 2025, reaching $7.4 million. This growth was driven by significant gains in both platform and solutions revenue. Despite the positive revenue figures, the company reported an adjusted EBITDA loss of $2.5 million, marking an improvement from the previous year’s loss of $3.1 million. Analysts have taken note of these developments, with some firms potentially revising their outlook on Freightos. These financial results highlight the company’s ongoing efforts to improve its financial performance. Investors may be keen to watch how Freightos continues to manage its expenses and revenue growth in the coming quarters. The company’s recent performance provides a snapshot of its current financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.