Freightos Limited (CRGO) Announces Cost Reduction
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/24/2026
- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Oil drops more than $2 despite new US sanctions on Iran
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- Wattmore and Eos Energy strike non-exclusive storage software deal
- Grand Canyon Education places CFO on leave amid stock trade probe
- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Funds sell $44bn in semiconductors on AI concerns
- RUM Group signs $13.7 billion GPU services deal, issues warrants
Freightos Announces Plan for Operational Efficiency and Cost Reduction
July 11, 2023 6:00 AM EDTIn light of persisting global economic headwinds, Freightos announces an operational efficiency plan expected to allow the Company to continue growth and to reach break-even on existing funds.Growth plans heighten focus on Solution and Platform development for freight forwarders, airlines and enterprise importers/exporters.Cost-savings initiatives and efficiencies include approximately 13% headcount reduction.Company provides revised FY 2023 outlook. The operational efficiency plan is expected to reduce expenses and improve Adjusted EBITDA by about $5.6 million per... More
