JERUSALEM, Feb. 8, 2024
/PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading,
vendor-neutral booking and payment platform for the international
freight industry, today announced that William Chin, Head of Commodities at the
Singapore Exchange stepped down from the board of directors, and
that Carl Vine, Co-Head of
Asia-Pacific Equity Investing at M&G Investments, was appointed
to the board.
Carl Vine joined the M&G
Equity team in 2019 and has 27 years of investment experience.
Prior to folding it into M&G, Carl co-founded Port Meadow
Capital Management, a boutique investment firm, in 2014. In his
earlier career, he held Managing Directorships at both SAC Capital
and UBS in Hong Kong. He began his
career with Prudential Portfolio Managers in London in 1997 and went on to spend
considerable time living and working in the Asia Pacific region. He holds a Bachelor of
Arts (Hons) in Politics, Philosophy & Economics from
Oxford University.
Carl brings to Freightos' board a wealth of experience and a
proven track record in investing in innovative growth companies
focused on disruptive technologies. Carl currently serves as a
board member at Trieye, a fabless semiconductor company, and at
NoTraffic, an AI-powered traffic signal platform developer.
Carl, who represents M&G Investments, the largest Freightos
investor as of the latest available reports, said, "I believe
strongly in Freightos' vision to digitalize the freight industry.
They have an innovative platform which has already demonstrated
strong network effects and industry traction, aligning perfectly
with the future of global trade. Further, Freightos'
contribution to decarbonization through better capacity utilization
and better carbon footprint visibility is commendable and aligns
with a core mission of M&G. M&G is committed to a long term
relationship with the Freightos team and I look forward to
contributing my experience to support the company's journey towards
sustainable, capital-efficient growth."
Zvi Schreiber, CEO of Freightos,
said, "We are grateful for William
Chin's contributions and welcome Carl Vine's fresh perspectives and insights,
which are crucial for our journey to become the leading platform in
our industry and to create long-term value for our
shareholders."
About Freightos
Freightos® (NASDAQ: CRGO) operates a
leading, vendor-neutral booking and payment platform for
international freight. Freightos' platform supports supply chain
efficiency and agility by enabling real-time procurement of ocean
and air shipping across more than ten thousand importers/exporters,
thousands of forwarders, and dozens of airlines and ocean
carriers.
Freightos.com is a premier digital international freight
marketplace for importers and exporters for instant pricing,
booking, and shipment management. Thousands of SMBs and enterprises
have sourced shipping services via Freightos across dozens of
logistics service providers.
WebCargo® by Freightos is a leading global freight platform
connecting carriers and forwarders. In particular, it is the
largest air cargo eBooking platform, enabling simple and efficient
freight pricing and booking between thousands of freight
forwarders, including the top twenty global freight forwarders, and
hundreds of airlines, ocean liners and trucking carriers. Airlines
on the platform represent over a third of global air cargo
capacity. WebCargo also offers software as a service for forwarders
to facilitate digital freight rate management, quoting, and online
sales.
Freightos Data calculates the Freightos Baltic Index, the
industry's key daily benchmark of container shipping prices, the
Freightos Air Index, as well as other market intelligence products
that improve supply chain decision-making, planning, and pricing
transparency.
Freightos is a widely recognized logistics technology leader
with a worldwide presence and a broad customer network.
Incorporated in the Cayman Islands
with offices around the world, More information is available at
freightos.com/investors.
Contacts
Media:
Tali Aronsky
press@freightos.com
Investors:
ir@freightos.com
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SOURCE Freightos