Freightos Founder Steps Down From Board
Dr. Zvi Schreiber has announced his decision to step down from the board of Freightos, the digital booking and payment platform for international freight he founded. The departure marks a significant leadership change for the NASDAQ-listed logistics technology company.
- While Dr. Zvi Schreiber is stepping down as CEO, he will remain an active non-executive board member to provide ongoing guidance on the company's vision for digital freight. The board has appointed CFO Pablo Pinillos as interim CEO and has initiated a search for a permanent successor to lead the company's next phase of scaling and operational discipline. - The leadership transition follows a period of significant growth, with the company handling over a billion dollars in annual Gross Booking Value and achieving an annualized run rate of 1.7 million bookings. For the full year 2025, Freightos is projected to reach 1.64 million transactions, a 26% increase year-over-year, with a gross booking value of $1.29 billion, up 44%. - Freightos's platform is built on a cloud-native architecture using Google Cloud, leveraging microservices, Google Kubernetes Engine (GKE), and BigQuery for data analytics. This infrastructure supports the company's SaaS offerings and its ability to provide data-driven insights like the Freightos Baltic Index. - The company is increasingly incorporating AI and machine learning into its platform. Key applications include using LLMs to convert unstructured customer requests into structured data and employing machine learning for cross-platform data analysis to improve insights from the various tech systems used by freight forwarders. - In April 2025, the company launched Freightos Enterprise, a unified suite for large-volume importers and exporters aimed at integrating procurement, rate benchmarking, and shipment execution. This new platform is designed to reduce freight spending and decrease manual communications by providing direct digital connectivity to carriers. - The company maintains a global engineering presence, including a team in Chennai, India. This aligns with the broader trend of global product development and leveraging talent in key tech ecosystems. - The board has been strengthened with recent appointments, including Udo Lange, CEO of Stolt-Nielsen, as Non-Executive Chairman. These additions bring extensive logistics and technology leadership experience to guide the company's strategy. - Dr. Schreiber has indicated that he is stepping down to "pursue other entrepreneurial interests," a move supported by the board as the company shifts its focus to scaling its existing platform.
