Freightera Celebrates Birthday With Growth and Emissions Cuts

A Birthday Worth Celebrating: How We Grew in a Down Year and Helped Shippers Cut Carbon

It’s not every day you turn 11 and thrive despite every possible problem thrown at you. Yet here we are. As most freight companies slog through a third year of rate compression and soft demand, Freightera just wrapped up 2024 with our strongest results ever, and we couldn’t wait to share the highlights.

What the numbers say

• Revenue: up 31.4% year‑over‑year

• Automated division: up 35.8%

• EBITDA: up 270% (yes, you read that right)

Those gains came without a splashy VC war chest—total outside capital raised is still under $8 million. Instead, we leaned on what’s worked from the start: fully automated quoting and booking, fixed prices with no surprise add‑ons, and real‑time emissions data from SmartWay™ fleets baked into every search result.

Why it matters for shippers

Transparency isn’t a buzzword when you can actually see the carbon impact of each lane before you click “book.” Last year:

• 50%+ of our customers trimmed freight emissions by at least 20%

• ~700 cut emissions more than 40%

• 136 sliced 70% or better—usually while lowering costs

That’s possible because greener lanes (often rail‑based or newer truck fleets) frequently turn out to be cheaper once you strip out hidden fees. Add 24/7 digital self‑service plus our Rate Defense™ guarantee, and the choice becomes easy.

What’s next

Revenue retention sits at 109.8%, demand keeps rising, and we’re mapping the next chapter by leaning on the same low‑emission, fixed‑price model to new continents. Regarding our future, our CEO had the following to say:
“Our mission is to make shipping better for businesses and the planet,” said CEO and Co-Founder Eric Beckwitt. “We’ve proven that 24/7 automation, fixed-cost pricing, and choice-based emissions reduction work—and we’re just getting started.”

Canadian Environmental News Wire!