Freightos Ltd. is slashing its growth forecasts as sputtering cargo volumes and faltering freight rates take a toll on the online freight booking platform in its first financial report since going public early this year through a merger with a special-purpose acquisition company.
The Israel-based company, one of an array of supply-chain specialists that thrived through a period of pandemic-driven logistics turmoil and rising shipping costs, said it now expects revenue to grow 15% to 21% this year over 2022, down from an earlier forecast of 87% growth.
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