Shares of Freightos Inc. surged 14% in premarket trading on Thursday after the logistics company reported second-quarter earnings that exceeded market expectations.
The company did not disclose specific financial figures in its earnings release. However, Freightos stated that its results surpassed analyst estimates, driving a notable increase in its stock price. The earnings beat follows a period of heightened volatility in global supply chains, which has impacted logistics providers.
Freightos operates a digital freight marketplace, connecting shippers with carriers for ocean and air freight services. The company has faced challenges in recent quarters due to shifting trade dynamics and economic uncertainty, though its latest results suggest resilience in its core operations.
The stock’s gain reflects investor optimism following the earnings announcement, though broader market conditions and sector-specific trends will continue to influence Freightos’ performance in the near term.
