Freightos (NASDAQ:CRGO) reported a softer-than-expected first quarter as disruptions in Middle East trade corridors weighed on transaction activity, even as the company said it continued to expand its carrier network and build its solutions pipeline.
Chief Executive Pablo Pinillos, who stepped into the CEO role after joining Freightos as CFO a little more than a year ago, opened the call by acknowledging the leadership transition and saying the company has begun a search for a permanent CFO. Pinillos said the quarter fell short of expectations but that Freightos made progress on strategic priorities including carrier expansion, solution sales, and workflow integration across procurement, pricing and execution.
