Freightos Announces Board Change

Freightos Limited (NASDAQ: CRGO), a prominent digital booking and payment platform for the international freight industry, has officially announced a significant change to its Board of Directors. Effective February 28, 2026, Dr. Zvi Schreiber has chosen to step down from his position on the Board. The Board remains fully constituted in compliance with governance requirements, and the company has confirmed that the search for a new Chief Executive Officer is ongoing.

In a statement, the Board expressed gratitude for Dr. Schreiber's leadership and contributions during his tenure, acknowledging his role in steering the company towards its goal of digitalizing the global freight sector. Freightos is recognized as a vendor-neutral platform that connects airlines, ocean carriers, thousands of freight forwarders, and a vast network of importers and exporters, thus enhancing efficiency in international trade.

The Freightos platform is essential in the trillion-dollar international freight industry, offering diverse software solutions such as pricing, quoting, booking, shipment management, and payment services for businesses of varying sizes worldwide. Key products include Freightos Enterprise for multinational corporations, Freightos Marketplace for smaller entities, and services like WebCargo and Clearit, catering to specific needs across the freight spectrum.

Moreover, Freightos is a leading provider of real-time market data, with tools like the Freightos Air Index (FAX) and the Freightos Baltic Index (FBX) that track spot pricing in air and container shipping, respectively. The futures of these indexes are traded on major exchanges, including CME and SGX. The company emphasizes its commitment to innovation and efficiency, essential components as it continues to shape the future of the freight industry. For more information, stakeholders can visit Freightos' investor page at freightos.com/investors.

Freightos Limited (NASDAQ: CRGO) is experiencing a pivotal moment in its corporate governance, with the announcement of longtime board member Dr. Zvi Schreiber stepping down. This transition poses both opportunities and challenges for the company, and investors should remain vigilant and informed about the potential implications.

First, the departure of a key board member, particularly one involved in the company's leadership, might initially induce uncertainty in the market. Dr. Schreiber's contributions have been integral to Freightos's strategy of digitizing the international freight landscape. However, the company has stated that the board remains fully constituted and that the search for a new CEO is proceeding as planned. This stability can mitigate concerns for shareholders, indicating continuity in operational strategy despite the leadership change.

Investors should consider Freightos's role as a leading vendor-neutral booking and payment platform in the freight industry, which remains robust. The company's comprehensive suite of solutions, including Freightos Enterprise and WebCargo, delivers significant value across various market segments. Moreover, Freightos's provision of real-time industry data, through platforms like the Freightos Air Index (FAX) and the Freightos Baltic Index (FBX), underscores its critical role in enhancing transparency and efficiency in global trade.

As global supply chains continue to evolve, characterized by shifts in trade dynamics and the increasing importance of technology, Freightos is well-positioned to capture market share. Given current economic conditions favoring digital solutions, investors may find Freightos's stock a worthy consideration.

In conclusion, while board changes could introduce volatility, the underlying business remains strong. Investors should view any dips in share price as potential buying opportunities, particularly as the company seeks to innovate and expand its market footprint in a burgeoning sector. Careful monitoring of the leadership transition and operational updates from Freightos will be essential in crafting informed investment decisions.